Plateau- The minerals Hub of Nigeria, could be critical and effective in helping to boost economic recovery after the Nation emerges from the Covid-19 crisis.
The state would be required to pass a set of constructive economic reforms to improve its financial performance and productivity.
These measures are also going to be critical for achieving previously set targets given by the BCG groups to reduce poverty and unemployment. Unfortunately, the only way Plateau state can return to a reasonable investment grade will be through significant economic restructuring, especially boosting the need for whare-housing our Mineral's.
Plateau State is currently under a lockdown.The lockdown, which has brought economic activity to a halt, was imposed by government to curb the spread of the coronavirus.
We believe that the lockdown could have a positive effect on metal prices in the longer term. It is forecast that Lead and Zinc ore will benefit most from the current situation.
The lockdown will particularly benefit those producers who are able to keep a sizeable proportion of operations functional due to heavily automated processes and successful implementation of new technologies.
Tin ore will similarly benefit from the current situation, given that Plateau State is one of the largest producers of Metallic ores and Gemstones predominantly White Topaz. Whilst Chinese demand is slowly recovering as the country is exiting its Covid-19 crisis phase.
Furthermore, the interest in bulk commodities has remained relatively high despite global quarantine measures being rolled out across some of the world’s largest economies. Kindly put your ears to the ground as we unveil more strategies on improving our economy even in the face of this global challenge. Luka Wukwa
C.E.O Solid energy global resources Nig Ltd
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