RESOURCE UTILIZATION

Welcome you all to this new term

 

Importance of Natural Resources

 

  • Generate income via trade
  • Develop Nigeria
  • Provide Nigerians with the goods that they want and need.
  • Facilitate the growth of factories and industries
  • They make products that are produced from them cheaper.
  • They create jobs for people.
  • They bring in foreign exchange when they are exported.

 

Over Utilization of Natural Resources

This means using natural resources at a faster rate than necessary, or deplete them at a faster rate than we replenish them.

Dangers of Over Utilization of Natural Resources

  • Exhaustion
  • Infrastructural breakdown
  • Maintenance problem
  • Overpopulation

Problem of Under Utilization of Natural Resources

  • Low income and wages
  • Poor industrial development
  • Dependence on foreign goods
  • Unemployment
Pass WAEC, JAMB, POST-UTME & more in One Sitting for FREE!💃

Leave a Reply

Your email address will not be published.

Don`t copy text!