“Consider the Nigerian oil and gas sector. It is an example of massive opportunity cost of a weak technological base. The historical loss is almost incalculable. Nigeria has the second largest oil reserves in Africa and yet is a net importer of petrol and myriad petroleum products. It has the 9th largest natural gas reserves and yet barely has enough gas to generate 5 GW of electricity. According to OPEC, the country exports $27.
He revealed that coltan was the resource used for making heat-resistant capacitors in technological devices.
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