Nigeria is endowed with several mineral commodities, which are widely distributed; the geology of Nigeria is comparable to that of other countries where deposits have been found.
There are over thirty-four (34) mineral commodities, spread across the entire country, which are yet to be tapped. However, seven of these 34 minerals are world class that have been carefully identified and chosen for development in view of their strategic importance to Nigeria’s economy and their availability in quantities which are sufficient to sustain the sector’s operations for years.
These seven minerals, listed in the table below, provide the best investment opportunities in the sector.
INVESTMENT OPPORTUNITIES TABLE
|S/N||NAME OF MINERALS||ESTIMATED RESOURCES||LOCATION|
|1.||Gold||Several prospects have been identified in these locations||Cross River, Edo, Osun, Niger, Kaduna, Katsina, Kebbi, and Zamfara States.|
|2.||Tarsand (Bitumen)||27 billion barrel of oil equivalent||Abia, Anambra, Edo, Yobe, Imo, Adamawa, Imo, Ebonyi, Benue, Akwa Ibom, Cross Rivers, and Borno States|
|3.||Coal||2.7 billion tonnes||Benue, Enugu, Nasarawa, Gombe, Edo, Anambra, Abia, and Ondo States|
|4.||Iron Ore||3 billion tonnes.||Kogi, and Nasarawa states.|
|2.23 trillion tons.||Enugu, Cross Rivers, Ogun, Edo, Benue, Gombe, Imo, Sokoto, Adamawa, Ebonyi, and Yobe States|
|6.||Baries||14 million tons||Benue, Cross Rivers, Yobe, Enugu, Adamawa, Taraba, and Nasarawa States|
|7.||Lead/Zinc Sulphides||Over 1 million tons||Nasarawa, Plateau, Taraba, Imo, Bauchi, Gombe, Ebonyi, Kano and Benue States.|