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DIMENSION STONES IN NIGERIA
A HUGE AND UNTAPPED POTENTIAL
THE GLOBAL DIMENSION STONE
INDUSTRY
• The Dimension Stone Industry is
valued at over US$60 billion
worldwide
• The major producers of raw natural
stone are China, India, Italy, Iran,
Turkey, Brazil, Egypt, Portugal, USA,
Greece, France and South Africa
• The major consumers of finished
products are China, USA, India, Italy,
Spain, South Korea, Germany, France,
Japan, Taiwan, Brazil, UK, Nigeria
• The major exporters of raw stone are
India, Turkey, Spain, Brasil, China,
Egypt, and South Africa
OVERVIEW OF THE NIGERIAN
DIMENSION STONES SECTOR
• Nigeria is endowed with huge deposits of
Dimension Stones which when exploited &
processed can be used in construction projects as
a decorative material for flooring, wall cladding,
staircases, kitchen tops, etc;
• The current domestic demand for dimension
stones is estimated at over 4,000,000 square
meters valued at over US$50,000,000
• About 95% of this demand is currently met through
imports mainly from China, India, Italy, Spain;
• Only about 5% is met through local production due
to relatively low investment in quarrying and
processing technology for dimension stones;
• Given adequate investment in the sector, Nigeria
has the potential to become an exporter of
dimension stones while focusing on import
substitution
WHAT IS A DIMENSION STONE
• Dimension Stone is a collective name used for
various natural stones that have been quarried
and trimmed to specific sizes or shapes for
structural or decorative purposes in
construction or monumental applications.
• Examples of dimension stones are:
• GRANITE
• MARBLE
• LIMESTONE
• TRAVERTINE
• SLATE
• SANDSTONE
• ETC
DIMENSION STONE PRODUCT
TYPES
- Blocks
- Slabs
(« semifinished »)
- Tiles
(« finished »)
- Cut-to-Size
FEW NOTABLE PROJECTS USING NIGERIAN
DIMENSION STONES
NNAMDI AZIKWE INTERNATIONAL AIRPORT, ABUJACENTRAL BANK OF NIGERIA HQ, ABUJAMINISTRY OF FOREIGN AFFAIRS HQ, ABUJA
ECUMENICAL CENTRE, ABUJA
NNAMDI AZIKWE INTERNATIONAL AIRPORT, ABUJA
NIGERIA EXPORT PROMOTION COUNCIL, ABUJA
VARIOUS APPLICATION OF
DIMENSION STONES
Dimension Stones are cut and polished for use as
Floor Tiles, Staircases, Kitchen Tops, etc.
MAJOR DIMENSION STONES
FOUND IN NIGERIA
• Granite is the predominant
Dimension Stone found in
commercial quantities in Nigeria.
• Other dimension stones present
include marble, limestone,
quartzite, etc.
• Dimension stones are mainly
found in Kaduna, Ondo, Bauchi,
Cross River, Kano, Katsina,
Jigawa, Edo, Plateau, Kogi,
Nassarawa, Kebbi, etc.
BUSINESS VALUE-CHAIN OF
DIMENSION STONES
A TYPICAL
DIMENSION STONE QUARRY
Unlike Quarrying for Crushed Aggregates, Dimension Stone Quarrying is a non-explosive method
that involves a process of drilling & cutting using advanced quarrying equipment to extract
rectangular blocks which are further processed into tiles, slabs or other cut-to-size products
A TYPICAL DIMENSION STONE
PROCESSING PLANT
A Typical Dimension Stone Processing Plant comprises of block loading facility, block
cutting machine, calibration machines, grinding & polishing machines, profiling
machine, water treatment plant, etc.
OPPORTUNITIES IN THE NIGERIAN
DIMENSION STONE INDUSTRY
• Presence of exotic and high quality
stones across the country
• Huge Employment Opportunities (Direct
& Indirect)
• Import Substitution with Foreign
Exchange Savings
• Foreign Exchange Earning Potential
through export of at least 25% of local
production
• Diversification of the Nigerian Economy
• Economic Growth and Contribution to
GDP
CHALLENGES IN THE NIGERIAN
DIMENSION STONE INDUSTRY
• Huge dumping of sub-standard
dimension stones mainly from China
• Limited access to long-term financing
• High Interest Rates
• Multiple Taxation Issues
• Poor Infrastructure (access roads,
electricity, water)
• Inadequate Capacity Development
Programs on Dimension Stones
Operations
WAY FORWARD FOR THE NIGERIAN
DIMENSION STONE INDUSTRY
• Establishment of an Intervention Fund that provides long-term financing at
single digit interest rate with favourable conditions for acquisition of equipment,
working capital and infrastructure (access roads to quarry sites)
• Establishment of a Levy on Imported Dimension Stones with a thickness below
15mm to discourage dumping of substandard products
• Enforcement of Local Patronage Bill compelling all MDAs to patronise Nigerian
Dimension Stones for their building projects
• Duty-Free Export of Dimension Stones
• Local & International promotion of Nigerian Dimension Stones to increase
awareness
• Establishment of a Dimension Stones Centre for human capacity development
on dimension stone quarrying, processing, marketing and management.
APPENDIX
DIMENSION STONE COMPANIES IN
NIGERIA
• Processing Plants
1. Cibi Nigeria Limited, Kaduna
2. Sutol-Crushed Rock Nigeria Limited, Ondo
3. Asada Marble & Granite, Abuja
4. Stone World Mining Limited, Ondo
5. Stone Craft FZE, Calabar
6. Onshore Frontiers Limited, Lokoja
7. Fujian Stones Limited (JV), Keffi
8. Sahel Services Limited, Bauchi
9. Rich Quarries Limited, Kaduna
10. Winners Marble, Lagos
11. Precious Mines Limited, Kwara
12. Bil Marble & Granite Limited, Katsina
13. Magma Minerals Limited, Kano
Nigeria currently has
about 13 small to
medium-scale
Processing Plants
installed with cutting &
polishing machines.
DIMENSION STONE COMPANIES IN
NIGERIA
• Dimension Stone Quarries
1. Cibi Nigeria Limited, Kaduna
2. Al-Awael Nigeria Limited, Kaduna
3. Sitman Nigeria Limited, Kaduna
4. Tutu Ventures, Kaduna
5. Stone Craft FZE, Kaduna
6. Five Skyms Limited, Bauchi
7. Mining & Granite Limited, Bauchi
8. Rich Quarries Limited, Bauchi
9. Stone World Mining Limited, Ondo
10. Onshore Frontiers Limited, Lokoja
11. Fujian Stones Limited (JV), Keffi
12. Rich Quarries Limited, Bauchi
13. Magma Minerals Limited, Kano
14. Bil Marble & Granite Limited, Katsina
15. Precious Mines Quarry, Kwara
Nigeria currently has
about 15 Dimension
Stone Quarries
producing rectangular
blocks for the
processing plants

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Presentation on nigerian dimension stones

  • 1. DIMENSION STONES IN NIGERIA A HUGE AND UNTAPPED POTENTIAL
  • 2. THE GLOBAL DIMENSION STONE INDUSTRY • The Dimension Stone Industry is valued at over US$60 billion worldwide • The major producers of raw natural stone are China, India, Italy, Iran, Turkey, Brazil, Egypt, Portugal, USA, Greece, France and South Africa • The major consumers of finished products are China, USA, India, Italy, Spain, South Korea, Germany, France, Japan, Taiwan, Brazil, UK, Nigeria • The major exporters of raw stone are India, Turkey, Spain, Brasil, China, Egypt, and South Africa
  • 3. OVERVIEW OF THE NIGERIAN DIMENSION STONES SECTOR • Nigeria is endowed with huge deposits of Dimension Stones which when exploited & processed can be used in construction projects as a decorative material for flooring, wall cladding, staircases, kitchen tops, etc; • The current domestic demand for dimension stones is estimated at over 4,000,000 square meters valued at over US$50,000,000 • About 95% of this demand is currently met through imports mainly from China, India, Italy, Spain; • Only about 5% is met through local production due to relatively low investment in quarrying and processing technology for dimension stones; • Given adequate investment in the sector, Nigeria has the potential to become an exporter of dimension stones while focusing on import substitution
  • 4. WHAT IS A DIMENSION STONE • Dimension Stone is a collective name used for various natural stones that have been quarried and trimmed to specific sizes or shapes for structural or decorative purposes in construction or monumental applications. • Examples of dimension stones are: • GRANITE • MARBLE • LIMESTONE • TRAVERTINE • SLATE • SANDSTONE • ETC
  • 5. DIMENSION STONE PRODUCT TYPES - Blocks - Slabs (« semifinished ») - Tiles (« finished ») - Cut-to-Size
  • 6. FEW NOTABLE PROJECTS USING NIGERIAN DIMENSION STONES NNAMDI AZIKWE INTERNATIONAL AIRPORT, ABUJACENTRAL BANK OF NIGERIA HQ, ABUJAMINISTRY OF FOREIGN AFFAIRS HQ, ABUJA ECUMENICAL CENTRE, ABUJA NNAMDI AZIKWE INTERNATIONAL AIRPORT, ABUJA NIGERIA EXPORT PROMOTION COUNCIL, ABUJA
  • 7. VARIOUS APPLICATION OF DIMENSION STONES Dimension Stones are cut and polished for use as Floor Tiles, Staircases, Kitchen Tops, etc.
  • 8. MAJOR DIMENSION STONES FOUND IN NIGERIA • Granite is the predominant Dimension Stone found in commercial quantities in Nigeria. • Other dimension stones present include marble, limestone, quartzite, etc. • Dimension stones are mainly found in Kaduna, Ondo, Bauchi, Cross River, Kano, Katsina, Jigawa, Edo, Plateau, Kogi, Nassarawa, Kebbi, etc.
  • 10. A TYPICAL DIMENSION STONE QUARRY Unlike Quarrying for Crushed Aggregates, Dimension Stone Quarrying is a non-explosive method that involves a process of drilling & cutting using advanced quarrying equipment to extract rectangular blocks which are further processed into tiles, slabs or other cut-to-size products
  • 11. A TYPICAL DIMENSION STONE PROCESSING PLANT A Typical Dimension Stone Processing Plant comprises of block loading facility, block cutting machine, calibration machines, grinding & polishing machines, profiling machine, water treatment plant, etc.
  • 12. OPPORTUNITIES IN THE NIGERIAN DIMENSION STONE INDUSTRY • Presence of exotic and high quality stones across the country • Huge Employment Opportunities (Direct & Indirect) • Import Substitution with Foreign Exchange Savings • Foreign Exchange Earning Potential through export of at least 25% of local production • Diversification of the Nigerian Economy • Economic Growth and Contribution to GDP
  • 13. CHALLENGES IN THE NIGERIAN DIMENSION STONE INDUSTRY • Huge dumping of sub-standard dimension stones mainly from China • Limited access to long-term financing • High Interest Rates • Multiple Taxation Issues • Poor Infrastructure (access roads, electricity, water) • Inadequate Capacity Development Programs on Dimension Stones Operations
  • 14. WAY FORWARD FOR THE NIGERIAN DIMENSION STONE INDUSTRY • Establishment of an Intervention Fund that provides long-term financing at single digit interest rate with favourable conditions for acquisition of equipment, working capital and infrastructure (access roads to quarry sites) • Establishment of a Levy on Imported Dimension Stones with a thickness below 15mm to discourage dumping of substandard products • Enforcement of Local Patronage Bill compelling all MDAs to patronise Nigerian Dimension Stones for their building projects • Duty-Free Export of Dimension Stones • Local & International promotion of Nigerian Dimension Stones to increase awareness • Establishment of a Dimension Stones Centre for human capacity development on dimension stone quarrying, processing, marketing and management.
  • 16. DIMENSION STONE COMPANIES IN NIGERIA • Processing Plants 1. Cibi Nigeria Limited, Kaduna 2. Sutol-Crushed Rock Nigeria Limited, Ondo 3. Asada Marble & Granite, Abuja 4. Stone World Mining Limited, Ondo 5. Stone Craft FZE, Calabar 6. Onshore Frontiers Limited, Lokoja 7. Fujian Stones Limited (JV), Keffi 8. Sahel Services Limited, Bauchi 9. Rich Quarries Limited, Kaduna 10. Winners Marble, Lagos 11. Precious Mines Limited, Kwara 12. Bil Marble & Granite Limited, Katsina 13. Magma Minerals Limited, Kano Nigeria currently has about 13 small to medium-scale Processing Plants installed with cutting & polishing machines.
  • 17. DIMENSION STONE COMPANIES IN NIGERIA • Dimension Stone Quarries 1. Cibi Nigeria Limited, Kaduna 2. Al-Awael Nigeria Limited, Kaduna 3. Sitman Nigeria Limited, Kaduna 4. Tutu Ventures, Kaduna 5. Stone Craft FZE, Kaduna 6. Five Skyms Limited, Bauchi 7. Mining & Granite Limited, Bauchi 8. Rich Quarries Limited, Bauchi 9. Stone World Mining Limited, Ondo 10. Onshore Frontiers Limited, Lokoja 11. Fujian Stones Limited (JV), Keffi 12. Rich Quarries Limited, Bauchi 13. Magma Minerals Limited, Kano 14. Bil Marble & Granite Limited, Katsina 15. Precious Mines Quarry, Kwara Nigeria currently has about 15 Dimension Stone Quarries producing rectangular blocks for the processing plants