Serrari Group

Nigeria has launched a new online portal aimed at providing detailed information about the country’s mineral resources to potential investors. The Nigeria Mineral Resources Decision Support System (NMDSS) is designed to streamline access to data on Nigeria’s geological and mineral wealth, making it easier for investors worldwide to make informed decisions.

The mining minister, Dele Alake, highlighted the significance of this development, stating, “Investors no longer need to travel to Nigeria to gather necessary information. With the NMDSS, they can access all relevant data online, from anywhere in the world.”

Nigeria, known as Africa’s top oil producer, also has abundant deposits of gold, limestone, and zinc. However, the mining sector has remained underdeveloped, contributing less than 1% to the country’s GDP. The government aims to change this by enhancing the sector’s role in the national economy through various reforms.

The NMDSS portal, accessible at, provides comprehensive data on Nigeria’s geology, mineral reserves, facilities, and infrastructure. This initiative is part of a broader strategy to attract foreign investment and stimulate growth in the mining industry.

In addition to the portal, the government has introduced measures to attract investors, such as offering a 75% stake in the new national mining company and reducing the export of unprocessed minerals. Efforts to curb illegal mining have also been intensified with the deployment of mining marshals, and the formation of 152 cooperatives by artisanal miners to legalize their operations.

By developing its mining industry, Nigeria aims to diversify its economy, create jobs, and reduce its reliance on oil. The launch of the NMDSS is a significant step in this direction, positioning Nigeria as an attractive destination for global mining investments.

photo source: Google

By: Montel Kamau

Serrari Financial Analyst

15th May, 2024

Share this article:
Article and News Disclaimer

The information provided on is for general informational purposes only. While we strive to keep the information up to date and accurate, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information on the website is provided on an "as-is" basis, with no guarantee of completeness, accuracy, timeliness, or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

In no event will be liable to you or anyone else for any decision made or action taken in reliance on the information provided on the website or for any consequential, special, or similar damages, even if advised of the possibility of such damages.

The articles, news, and information presented on reflect the opinions of the respective authors and contributors and do not necessarily represent the views of the website or its management. Any views or opinions expressed are solely those of the individual authors and do not represent the website's views or opinions as a whole.

The content on may include links to external websites, which are provided for convenience and informational purposes only. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

Please note that laws, regulations, and information can change rapidly, and we advise you to conduct further research and seek professional advice when necessary.

By using, you agree to this disclaimer and its terms. If you do not agree with this disclaimer, please do not use the website., reserves the right to update, modify, or remove any part of this disclaimer without prior notice. It is your responsibility to review this disclaimer periodically for changes.

Serrari Group 2023