The National Chairman, Nigerian Institute of Metallurgical, Mining and Materials Engineers, Ayo Adeyemo, says the Federal Government can generate 280 billion dollars from the country’s iron ore reserves.
He also said government could generate 12 billion dollars from the country’s lead reserve annually.
Adeyemo, who said this in Abuja at his investiture as the 10th national chairman of the institute, added that this was aside other minerals, like coal, gold, tantalites and cassiterite.
He said the estimated deposits of iron ore stood at three billion tonnes, coal at three billion tonnes while lead and zinc stood 10 million tonnes.
This, he added, was according to the 2018 report of geology and mineral resources of Nigeria and their uses.
He added that the Ajaokuta Steel Mill on completion would be able to generate 15,000 direct jobs and 500,000 indirect jobs in the upstream and downstream sector.