Weekly Economic & Business Review 190811
Inflation Slides to Three-Year Low
Cement Prices Rise 67%
Nigeria Launches Two New Satellites
Rice Price to Climb on Thai Policy
US Inflation Rises in July
INDUSTRY IN FOCUS : SOLID MINERALS
The Solid Minerals Industry holds great potential given its impressive mineral deposit base, especially as global demand forecasts for minerals remain positive in the medium to long term. Locally, the growth of the cement industry creates opportunities in view of increasing construction activity. Similarly, opportunities exist for increased coal production in line with reforms to enhance power generation.
Effective implementation of policies to boost growth in industry is expected to induce a significant increase in its contribution to the nation's GDP, as against the current situation of less than one per cent.
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