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Nigeria’s Mineral Wealth Surpasses $700 Billion, Declares Alake
Nigeria’s Mineral Wealth Surpasses $700 Billion, Declares Alake....KINDLY READ THE FULL STORY HERE▶

Dele Alake, Nigeria’s minister of solid minerals, has revealed that the country’s mineral resources are currently valued at over $700 billion.
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Alake made the statement while speaking at an event on the sidelines of the United Nations General Assembly, with the theme: “From critical minerals to energy transition: Africa in the driver’s seat.”
He said there is potential for further discoveries, demonstrating Nigeria’s readiness to meet the growing global demand for these essential resources.
Highlighting the significance of the solid mineral development sector, Alake stated that President Bola Ahmed Tinubu has made it a central focus of his administration, with the ambitious goal of making it a pivotal contributor to Nigeria’s national Gross Domestic Product.
He emphasised that Nigeria boasts abundant resources such as lithium, graphite, and rare earth elements.
He pointed out that valuable minerals like lithium, graphite, nickel, and more are found within Nigeria’s borders, and there is a steadfast commitment to developing the entire value chain within the country.
Alake invited foreign investors to participate in Nigeria’s solid mineral sector.
He highlighted the deliberate incentives offered by the government to attract investment, including capital allowances of up to 95% for qualifying capital expenditure, tax holidays ranging from 3 to 5 years, the possibility of capitalising spending on exploration and surveys, and free transferability of foreign currency through the Central Bank of Nigeria for servicing foreign loans and remittances of foreign capital, among other benefits.
He also articulated Nigeria’s determination to be vital in the evolving global landscape, particularly within the solid mineral sector.
”Our goal is clear: Nigeria is well-positioned to play an important role in our new world, and we’re ready to collaborate.
”President Tinubu’s vision for the solid mineral sector is ambitious, and we are determined to make it a reality,” the minister said.
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“Egypt Name Mohamed Salah In 2026 World Cup Squad As Star Leads National Team Charge”.
Egypt have included captain Mohamed Salah in their provisional 27-man squad for the upcoming FIFA World Cup in North America, with the experienced forward expected to once again lead the national team on football’s biggest stage.....KINDLY READ THE FULL STORY HERE▶
The 33-year-old Liverpool star remains the central figure in coach Hossam Hassan’s selection, despite reports linking him with a possible exit from Anfield after nine successful years at the club.
Salah, who has scored 67 goals in 115 appearances for Egypt, will carry the nation’s hopes as they aim for a strong run in the tournament.
Manchester City forward Omar Marmoush also made the squad following an impressive season, while 18-year-old Barcelona U19 striker Hamza Abdelkarim earned a surprise call-up despite not yet making a senior international appearance. Nantes striker Mostafa Mohamed was among the notable omissions.
Egypt will reduce the squad to the FIFA-required 26 players after their friendly against Russia in Cairo on May 28, before facing Brazil in another warm-up match on June 6 in Cleveland.
The Pharaohs have been drawn in Group G, where they will begin their campaign against Belgium on June 15, followed by matches against New Zealand and Iran.
The squad also includes goalkeepers Mohamed El Shenawy and Mostafa Shobeir, along with experienced midfielders Mahmoud Trezeguet and Emam Ashour, as Egypt prepare for the expanded 48-team World Cup across the United States, Canada, and Mexico.
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