Mkpoikana Udoma

Port Harcourt — The Minister of Solid Minerals Development, Dr. Dele Alake, has urged foreign investors to take advantage of Nigeria’s vast solid minerals deposits, including iron ore, talc, lead and zinc.

The Minister revealed that Nigeria is home to over 40 million tonnes of talc, approximately 1 billion metric tonnes of iron ore, and an estimated 10 metric tonnes of lead and zinc, making it a treasure trove for investors.

Speaking recently at the Nigeria Middle East Investors Expo and Awards, Alake particularly highlighted Nigeria’s vast iron ore deposits as a significant investment opportunity for the global community.

He emphasized the impact of the government’s 7-point agenda in its commitment to developing the mining sector, citing the successes of the mining marshals in curbing illegal mining activities.

Alake also announced the launching of Decision Support System – an online platform providing comprehensive information on Nigeria’s solid minerals sector, including iron ore; aimed at attracting foreign investment and positioning Nigeria as a key player in the global mining industry.

“The federal government’s focus on solid minerals has brought global attention to Nigeria’s mining sector, we have made significant progress in cracking down on illegal mining activities, with over 300 illegal operators arrested and over 133 currently facing prosecution.

“We urge investors to seize the opportunities presented by these abundant mineral deposits. Our recently launched Decision Support System (DSS) online platform provides comprehensive information on Nigeria’s solid minerals sector, assisting potential investors in making informed decisions.

“The importance of data in attracting foreign investment cannot be overstated. We are committed to increasing funding for exploration, positioning Nigeria as a global mining hub. We invite investors to partner with us in unlocking the vast potential of our mining sector.”