The Minister of Mines and Steel Development, Olamilekan Adegbite, says the Federal Government has designated seven of the country’s strategic minerals to unlock the potential in the mining sector.
He made the disclosure Thursday in Abuja at a webinar organised by the Nigerian Economic Summit Group and named the minerals as coal, iron ore, bitumen, gold, limestone, lead-zinc and barite.
Adegbite noted that the country was endowed with over 44 different mineral resources occurring in over 500 locations across the 36 states of the federation and the Federal Capital Territory.
“Seven of these minerals have been designated strategic to unlock the enormous potential in the sector. They are coal, iron ore, bitumen, gold, limestone, lead-zinc and barite.
“Alongside the seven strategic minerals, the ministry is also looking into key minerals to fuel the future.
“These include metals such as titanium, tungsten, lithium and cobalt, which have various applications in futuristic industries such as aerospace, telecoms and electric vehicle manufacturing,” he said and commended the NESG for the effort it had put in to mitigate the impact of COVID-19 on the country’s economy.