The Nigerian government recently launched the Decision Support System (DSS) to provide investors with vital information on mineral resources. Initiated by Minister Dele Alake, the DSS aims to enhance transparency and bolster investment in the solid minerals sector, which is seen as crucial for economic diversification. The government also continues its efforts to combat illegal mining and formalise artisanal miners into cooperatives, further supporting investment opportunities in the sector.
The Nigerian government has launched the Nigerian Minerals Resource Decision Support System (DSS), aimed at assisting investors with accurate information on the country’s mineral resources and infrastructure. Introduced by Mr Dele Alake, the Minister of Solid Minerals Development, in Abuja, this software serves as a significant resource for stakeholders, enhancing transparency and public awareness of Nigeria’s mineral potential, thus contributing to economic development. The DSS embodies President Bola Tinubu’s vision to revitalise the solid minerals sector, employing technology to modernise marketing strategies. Mr Alake highlighted its role in reducing investment research costs and delivering essential geological data through interactive electronic diagrams and maps. He emphasised that Nigeria possesses vital minerals capable of rivaling oil revenue in GDP generation, advocating for economic diversification amidst a global shift towards critical minerals. The government has also launched initiatives to cleanse the sector of illegal mining, including the formation of the Mining Marshal Corps and the establishment of cooperatives for informal miners. In a supportive message, the Minister of Interior, Olubunmi Tunji-Ojo, called on investors to leverage the new platform for exploring investment opportunities in Nigeria’s mineral landscape.
The launch of the Nigerian Minerals Resource DSS marks an important step in enhancing investor engagement in Nigeria’s solid minerals sector. With the increasing global focus on energy transition and critical minerals, Nigeria seeks to diversify its economy and leverage its rich mineral deposits to boost GDP. The DSS is designed to provide real-time information and strategic insights critical for informed investment decisions, fostering a more transparent and investor-friendly environment in the mining industry.
The DSS software is poised to transform the Nigerian mining landscape by providing comprehensive data and facilitating investor engagement. It aligns with the government’s strategy to enhance the solid minerals sector through technological innovation and improved regulatory measures. By creating a user-friendly tool for investment research, the Nigerian government aims to attract domestic and foreign investors, thereby promoting economic stability and growth in the mining sector.
Original Source: gazettengr.com