The bitumen belt across Ondo, Ogun, Lagos, and Edo states has over 42 billion tonnes of deposits, being the second-largest in the world and almost twice Nigeria’s oil reserves.
Vice President Yemi Osinbajo said this at the maiden edition of the virtual conference on Strategic Engagement on Sustainable Mining entitled “Resurrecting our Buried Prosperity” in Abuja last weekend.
He said even farther back in 1913, gold in commercial quantities had already been found in parts of Northern Nigeria and what is now Osun State even as the country’s potential coal reserves are currently estimated to be as high as 3bn tonnes…
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