• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Nigeria inaugurates barite processing plant in Cross River

Barite

The Matters Press by The Matters Press
May 12, 2023
Reading Time: 2 mins read
0
Nigeria attains self-sufficiency in Barite

The Federal Government of Nigeria has inaugurated a multimillion naira barite processing plant in Cross River, capable of processing 10 tons of the mineral per hour.

RELATED POSTS

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

N1.5trn recapitalisation of Agric bank will herald food security – TMV

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Inaugurating the plant on Thursday in Ugaga Community, Yala Local Government Area of the state, Mr Olamilekan Adegbite, Minister of Mines and Steel Development, said Nigeria would no longer import the mineral.

Barite is a mineral crushed and screened to uniform sizes and used as filler or extender for industrial products or a weighting agent in petroleum drilling.

Adegbite said before now, the country was exporting raw barite ore, which would be processed abroad, and was, therefore, losing lots of value because it was not processed locally.

According to him, this motivated his ministry to launch the project of establishing the barite processing plant in November 2021

“Nigeria has a 4.8 gravity standard of barite in vast quantities in parts of northern Cross River, especially in Yala LGA, which is higher than the 4.2 found elsewhere.

“For this reason, the Federal Government decided to establish a processing plant in the state to help both artisans and commercial miners process the mineral for export and the oil industry.

“The choice of Ugaga as a location for the plant is predicated on its possession of rich deposits of barite among the South-South states.

“Also, for its closeness to Port Harcourt where the processed barites are required for oil exploration in line with local content and value addition policy in Nigeria,” he noted.

The Minister said the informal trading of unprocessed barite in the country led to revenue and job losses, adding that establishing the plant would create jobs, improve revenue and attract foreign markets.

He said the inauguration was an opportunity to highlight the efforts of President Muhammadu Buhari-led administration in showing some of the potentials available in the mining sector, which could serve as an alternative revenue source.

Adegbite said that no fewer than 20,000 jobs would be created along the barite mining value chain in the South-South geopolitical zone with the emergence of some subsidiaries and service-oriented companies.

In his remarks, the traditional head of Ugaga Kingdom, Ogamode Ipuole, commended the Federal Government for the gesture in his community.

He, however, requested the employment of youths in the area in the plant to reduce the high rate of unemployment in the community.

Also speaking, Mr Yunusa Mohammed, Director of Artisanal and Small-Scale Mining (ASM), said artisanal barite miners in northern Cross River, in their clusters, would now process the resource at the plant for greater wealth addition.

He added that due to the presence of the plant in the community, there would soon be an expansion of the local economy.

Tags: Barite
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
Next Post
Ethiopia grants licence to Safaricom to launch M-Pesa

Ethiopia grants licence to Safaricom to launch M-Pesa

NBS reports increase in Inflation

Inflation easing in Rwanda

Recommended Stories

Nigeria suspends mining in Zamfara

Mining Cadestra receives best digital innovation award

May 2, 2022
GTCO acquires 100% stake in wealth management coy

Guarantee Trust Holding records N74.1bn profit before tax

May 5, 2023
President Tinubu glamours for regional counter terrorism centre

President Tinubu glamours for regional counter terrorism centre

April 22, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group
  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us