Minister of Solid Minerals Development, Dele Alake, has said that Nigeria’s mineral deposit is estimated at $700 billion. He said the estimate was based on available geo-data. He, however, said that Nigeria’s mineral deposit estimates may span into trillions of dollars if the scope of geo-data is expanded to cover the entire country.
He spoke in Abuja during the commissioning of the National Seismic Monitoring station-5 Katampe, organised by his Ministry through the National Geological Survey Agency (NGSA). He said: “Infact at the last estimate by a foreign institution, based on the limited geo data available, it is estimated that we have over $700 billion worth of minerals under our soil. And that’s just the limited data available.
Read more at Newtelegraphng
He spoke in Abuja during the commissioning of the National Seismic Monitoring station-5 Katampe, organised by his Ministry through the National Geological Survey Agency (NGSA). He said: “Infact at the last estimate by a foreign institution, based on the limited geo data available, it is estimated that we have over $700 billion worth of minerals under our soil. And that’s just the limited data available.
Read more at Newtelegraphng
