The Federal Government of Nigeria has recently introduced the Nigerian Minerals Resource Decision Support System (DSS), a state-of-the-art software designed to provide potential investors with essential information about the country’s mineral resources. This move is part of President Bola Tinubu’s plan to revitalize the solid minerals sector and strengthen Nigeria’s economic standing.
During the official unveiling in Abuja, the Minister of Solid Minerals Development, Dele Alake, explained that the DSS is a comprehensive platform that serves as a one-stop shop for investors seeking reliable information on Nigeria’s mineral resources, facilities, and infrastructure. Its primary goal is to create awareness of Nigeria’s mineral potential, ensure transparency and reliability of public services, and contribute to the overall development of the national economy.
In his address, Mr. Alake emphasized that the software aims to revolutionize the marketing of mineral resources by leveraging technological innovations. He highlighted the importance of attracting investor traffic and explained that the DSS will significantly reduce the cost of investment research. Additionally, he described the software as an interactive tool that provides valuable data on geology, hydrology, and urban geography related to the mining business.
Moreover, the minister underscored the significance of diversifying Nigeria’s economy, particularly in light of the rising global demand for critical minerals. He expressed optimism about the potential of Nigeria’s mineral resources to surpass oil in contributing to the country’s Gross Domestic Product (GDP).
In addition to introducing the DSS, the government has implemented various policies and initiatives aimed at sanitizing the sector, with a particular focus on combating illegal mining. One notable approach is the establishment of the Mining Marshal Corp, which has been deployed to states and the Federal Capital Territory to secure the mining environment. Furthermore, efforts to formalize artisanal and illegal miners into cooperatives have resulted in the establishment of over 150 cooperatives.
The Minister of Interior, Olubunmi Tunji-Ojo, commended the unveiling of the software and encouraged prospective investors to utilize the platform to explore investment opportunities. Similarly, the Permanent Secretary of the ministry, Mary Ogbe, urged Nigerians to concentrate on marketing the country’s mineral resources and to exercise patience in achieving the desired results, acknowledging the inevitable challenges associated with such endeavors.
The introduction of the Nigerian Minerals Resource Decision Support System represents a significant stride towards boosting the solid minerals sector and enhancing economic growth in Nigeria. With its user-friendly interface and comprehensive data, the software is poised to attract both local and international investors, ultimately contributing to the country’s economic development.
In conclusion, the government’s commitment to advancing the mineral resources sector reflects a proactive stance towards economic diversification and sustainable development. The unveiling of the DSS is a pivotal step in attracting investments, fostering transparency, and promoting the immense potential of Nigeria’s mineral resources on the global stage. As the country continues to chart its course towards economic prosperity, the significance of initiatives such as the DSS cannot be overstated.