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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.
The African Democratic Congress (ADC) has welcomed the intervention of the Nigerian Bar Association (NBA) in its ongoing leadership dispute, describing the legal body’s position as a validation of its long-standing claims of judicial abuse.....KINDLY READ THE FULL STORY HERE▶
In a statement signed by Mallam Bolaji Abdullahi, the party said the NBA’s caution against forum shopping and abuse of court processes supports its stance that attempts to challenge its leadership in court are legally flawed.
The ADC said the NBA had clarified that courts do not have jurisdiction over internal affairs of political parties and that seeking interim or interlocutory orders in such matters contravenes the Electoral Act.
According to the party, this position aligns with its belief that the legal process is being manipulated for political purposes rather than genuine dispute resolution.
It described the situation as a coordinated attempt to weaponise the judiciary, which the NBA had reportedly condemned as abuse of court process driven by forum shopping and malicious litigation.
The ADC further linked the crisis to broader political tensions, alleging that it reflects anxiety within the ruling party amid insecurity, economic hardship, and declining public trust ahead of the 2027 elections.
The party warned that any court orders obtained contrary to due process would be legally defective and unenforceable.
While commending the NBA for urging disciplinary action against erring legal practitioners and judicial officers, the ADC called on the Independent National Electoral Commission (INEC) to remain strictly neutral.
It stressed that INEC must not take any action that could legitimise what it described as unlawful judicial interference in party affairs.
The party added that the matter goes beyond internal politics and concerns the integrity of Nigeria’s democracy, vowing to pursue all lawful means to defend its position.
An aspirant for the 2027 Lagos governorship election under the All Progressives Congress (APC), Abdul-Azeez Adediran, popularly known as Jandor, has said the party has not adopted any consensus or anointed candidate.....KINDLY READ THE FULL STORY HERE▶
In a statement issued by his spokesman, Gbenga Ogunleye, Jandor aligned with the official position of the Lagos APC leadership, stressing that no aspirant has been selected ahead of the party’s primary election.
He insisted that all interested aspirants will participate in a credible and competitive primary to determine the party’s flagbearer.
However, he noted that if the party leadership eventually opts for a consensus arrangement, he would respect and fully support the decision regardless of who emerges.
According to the statement, Jandor reaffirmed his commitment to the race, saying he is actively strengthening his grassroots support base and engaging widely with party stakeholders across Lagos State.
He also cautioned against mistaking individual campaigns or group endorsements as the official position of the APC leadership.
Jandor maintained that only an official pronouncement from the party leadership would determine its final choice of candidate for the 2027 governorship election.
The Senator representing Oyo North Senatorial District and a 2027 governorship aspirant under the All Progressives Congress (APC), Buhari Abdulfatai, has urged Nigerian women to support President Bola Ahmed Tinubu’s re-election bid in 2027.....KINDLY READ THE FULL STORY HERE▶
He said Tinubu’s continuity in office was necessary to sustain ongoing reforms and promote equity, justice, and fairness across the country.
Buhari made the call while speaking with journalists at the end of a three-day women’s capacity-building programme held in Oyo North.
He commended the President for creating an enabling environment that allowed lawmakers to initiate empowerment programmes targeting women, especially in small and medium-scale enterprises within agricultural value chains.
The senator disclosed that 120 women from across Oyo State benefited from the training, with each receiving ₦100,000 to support their businesses.
He urged beneficiaries to use the funds wisely to improve their livelihoods and continue supporting the administration’s policies.
Buhari also encouraged participants to pray for the President, describing him as committed to improving the welfare of women and youths.
He explained that beneficiaries were drawn from all three senatorial districts in Oyo State, expressing confidence that Tinubu would emerge as the APC presidential candidate in 2027.
According to him, both he and the President recognise the crucial role of women in securing electoral victory for the party.
He added that more empowerment and capacity-building programmes would be rolled out in the near future to further support women and small business owners.
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