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ABSTRACT

Natural resources are nature’s gift to man, to maintain comfortable and peaceful life. Human beings have the responsibility of conserving the resources by taking the right steps. This will help to maintain the environmental balance and satisfy the needs to the fullest. For this reason it is important to convey to people by arranging seminar and conference, in order to educate the public by environmental experts. Fast depletion of the resources such as forests, natural gas, wildlife, oil, petrol etc is the biggest concern. The reason for this depletion is the improper and excessive use and the growing population, that put a tremendous strain on the nature. A planned and prudent use can protect the resources from getting extinct. A nation resource often determines its wealth and status in the world economic system, by determining its political influence. Resource are known as capital converted to commodity inputs to infrastructural capital processes. A wide range of industrial material and biological material from plant and animal, directly or indirectly are used in production and in manufacturing of medicine.

CHAPTER ONE

INTRODUCTION

Natural Resources can be defined as what occur in nature in original untouched form, unless man disturbed it. Natural resources consist of all things that do not come under man-made creations. It can also be referred to those resources that are seen around the environment that take its form without human intervention. The earth is abound at with different natural resources which develop out of the natural environmental surrounding such as rivers,, mountains, precious stone and mineral (Sourabh, 2012).

The natural resources of a country influence not only the economic growth, but also the economic structure. The type of natural resources available in a country sequel to its quantity, quality and distribution within the different regions of the country determine the type and scale of industries that can be developed. It also increases the economic growth in terms of rise in market productivity which enhances economic and social-wellbeing of people (Robert,1997).

The growth rate of the country’s economy is determined by how human activities and institution try to conserve and manage the resources found in the country. Management refers to the decision taken on a daily basis in the use of natural resources, its harvest and utilization and how it affects the long term sustainability of the resources. This involves the proper monitoring of the resources in respect to present needs and future use. When natural resources are wisely used in a sustainable manner, it gives a tremendous potential to accelerate economic development (Sourabh,2012).

To control and maintain economic development and social-wellbeing of the people, there must be some laws that guild the use of natural resources. The Federal Environmental Protection Agency Decree Number 59 of 1992 gave a comprehensive national policy for protection of the natural environment. The impact of the policy brought about the assessment and designing of any development project by the Environmental Agency (Babangida, 1992).

The constitution of the Federal Republic of Nigeria 1999 as the National Legal Order, recognizes the importance of improving and protecting the environment and made provision for it. Relevant sections in section 20 made it an objective of the Nigerian State to improve and protect air, land, water, forest and wildlife of Nigeria (Terry,2001). Natural Resources in Nigeria that need to be protected can be found in different regions and locations. Some of the States where oil and gas are found are Cross-River, Rivers State, Akwa-Ibom, Imo, Delta etc,. Coal is found in Enugu, Cocoa is found in Ondo and Iron is found in Ajaokuta. Cement is found in Nkalagu, Kwekoro, Calaba etc, (Roosvelt, 1993).