The mining sector in Nigeria recently received a significant boost with the introduction of the Nigeria Mineral Resources Decision Support System (NMRDSS) by the Minister of Solid Minerals Development, Dr. Dele Alake. This innovative software serves as a comprehensive one-stop shop for investors, providing credible and decisive information about Nigeria’s mineral resources.
The NMRDSS is designed to empower stakeholders and prospective investors, enabling them to make informed investment decisions, drive sustainable development, and unlock economic opportunities in the mining sector. This aligns with Dr. Alake’s 7-point agenda aimed at reforming and repositioning the mining sector, and globally marketing its vast potential. His advocacy for value addition has also led to the formation of the African Minerals Strategy Group (AMSG), chaired by him.
Nigeria is home to 44 globally sought-after and highly priced minerals, conservatively estimated to be worth over $750 billion. This makes the country a prime destination for mining investments, especially given the Tinubu administration’s focus on economic diversification through the mining sector.
The NMRDSS provides a range of features that allow users worldwide to explore Nigeria’s geological terrain, identify promising mineral prospects, and gain deep insights into the nation’s mineral wealth. The system enhances interactive mapping, visualizing geological formations, mineral occurrences, and infrastructure, which facilitates decision-making. Its customizable basemap features enable users to focus on data that aligns with their specific objectives and preferences.
With an intuitive interface, the platform is user-friendly for both technical and non-technical users. Prospective miners can leverage the available data and visualization tools to identify promising mining areas and plan infrastructure development. The NMRDSS, powered by the Centre of Excellence Committee established by the Federal Government through the Ministry of Solid Minerals Development, represents a major milestone in boosting investor confidence in the mining sector and streamlining efforts by stakeholders.
Investors can now access information on ongoing reforms and opportunities in Nigeria’s mining sector, including the extensive mineral deposits scattered across the country, from the comfort of their homes and offices worldwide.
These possibilities and more can be accessed via the website at [miningdecision.minesandsteel.gov.ng/nmrdss/](https://miningdecision.minesandsteel.gov.ng/nmrdss/).
Nigeria’s mining sector is open for business, inviting investors to explore the vast opportunities it offers.
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