Petrographic and geochemical evaluation of pegmatite bodies occurring as discontinuous dykes have been studied in Oro area of southwestern Nigeria, with a view to determine the compositional characteristics that may be related to Ta-Nb mineralization potentials. They are found intruding semi discordantly, the older assemblages of quartz mica schist and granite gneiss. A total of twenty-eight samples comprising whole rock pegmatites and eluvial soils were analyzed for major, trace and rare earth elements using (ICP-AES) geochemical method which show the pegmatite samples to be generally highly siliceous with SiO2 values ranging from (71.49-97.77%) with an average of 86.43% in the whole rock samples, and it also ranges from (41.88-57.99%) with an average of 48.43% in the eluvial soil samples, while Al2O3 content is as high as 25.87% in the eluvial soil samples and 6.86% in the whole rock samples depicting the complexity of the pegmatite rock. Variation plots of K/Rb versus Rb, Ta versus Rb, Ta versus Nb, Ta versus K/Cs, Ta versus Cs+Rb and Ta versus Cs discriminant plot indicate the potentials of rare metal mineralization.