Overview
There are tremendous opportunities for investments in the solid mineral sector in Nigeria. The Federal Ministry of Solid Minerals grants prospecting licenses for investors (both local and foreign) to participate in the exploitation of the vast mineral resources in Nigeria. Yobe state is blessed with abundant Solid Minerals deposits capable of feeding medium to large-scale industries for optimum industrial operation. These resources are widely distributed across the 27 Local Government Areas of the state.
Geophysical surveys and other studies have confirmed that Yobe State is endowed with many mineral resources in large quantities, which can support many industries. These include Feldspar, Limestone, Kaolin, Clay, Potash, Iron-Ore, Natural Salt, Quartz, Magnetite, Diatomite, Trona, Mica, Silica Sand, Gypsum, Granite Chips, Flutters Earth, and Uranium.
Investment Opportunities
Investment Opportunities exist for the exploitation and export of the following solid minerals in Yobe State:
QUARTZ DEPOSITS: |
KAOLIN DEPOSITS: |
GRANITE AND MARBLE DEPOSITS: |
IRON ORE: |
· Feldspar and Quartz are available in commercial quantities.
· Silica Sand: over 3 million tones that can last for over 40 years at an annual production of 60,000 tons.
· Precious stones traces of Aquamarine, Tourmaline Corundum, Amethyst, Topar, Garnet, Emerald, Zircon, Quartz of different colors, etc.
Incentives and Government Support
The Present Government welcomes the participation of, and is willing to collaborate with, the private sector in the provision of Mining services and will provide support in matters of;
1. Loan guaranty,
2. Provision of adequate mining sites, and adequate Security.
3. Government will also grant a Three-year tax holiday to investments in this Sector.