Friday, September 23

Minister reveals how much Nigeria can generate from Nickel

Minister reveals how much Nigeria can generate from Nickel

The federal government has revealed that Nigeria can generate a huge amount of cash from nickel, a new mineral resource recently discovered in Kaduna State.


Minister of State for Mines and Steel Development, Hon Abubakar Bawa Bwari told Leadership Newspaper that the discovered nickel deposits run into over 1 million tonnes and can cough $400 billion for the country.

“Despite the collapse of global mineral and oil prices, nickel is still sold for as high as $10,000 dollars per tonne in the world market”, he said.

The minister explained that the discovery was only a surface exploration and that full exploration had yet to be carried out in the area, adding that exploration and exploitation could reveal more deposits.

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