Abstract:
For centuries, the mining industry has been contributing to
the development of nations, a vibrant mining sector like any other sector provides
good platform for a countrys growth. Quarrying, a branch of mining is
one of the bedrock of the construction sector in any economy. This study examines
the economic contribution of granite quarrying in Oyo State, South-Western Nigeria.
Fourteen granite quarrying companies exist in the state, out of which twelve
are operational. The twelve quarries were visited in the course of this study
and relevant data were gathered from them. All the companies share a total of
220.7x106 tons of proven granite reserve. Estimated revenue generated
by the federal government is