-Self reliance and guaranteed supply of 63 to 64% Fe concentrates to the Nation’s Primary Steel Plant at Ajaokuta which if started, has to run continuously for a period of at least 15 years uninterrupted.
-Guaranteed supply of 67 – 68% Fe Concentrates to the Delta Steel Plant when the Superconcentrate/Weathered Ore Pre-treatment Plant project is completed.
-Meeting of the local iron ore needs of the Nation’s Oil and Gas Pipeline Coating Industries, Cement Industries, etc.
-Meeting of the local requirement of the nations sponge iron for local steel industries
-Development of the locally available steel making raw materials, namely; lump iron ore, limestone/marble, dolomite, refractory clays, cokeable coal, manganese, bauxite, ferro-silicon, ferro-manganese, aluminium pigs, scrap, natural gas.
-Employment generation at NIOMCO, upstream and downstream Industries for inclusive economic growth.
-Technological acquisition and Human Capital Development in Solid Minerals Development and allied services.
-Conservation of foreign exchange through Import Substitution.
-Earning of foreign exchange through export of excess capacity.
-Increased Gross Domestic Product and greater profitability for the nation’s strategic Iron and Steel/Manufacturing Sector of the Economy.
-Diversification and Industrialisation of the economy through upstream and downstream industries which supply or receive inputs from NIOMCO.
-Increased National Revenue through Profit Tax, Sales Tax, Tenement Rate, Ground Rent, PAYE, etc.
-Contribution to National Infrastructure, namely; Rail Lines, Power Lines, Housing, Rural Roads, Processing Plants, Dams/Water Supply Systems, etc.