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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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Game Changer: Why Political Insiders Believe Makinde Is the Opposition’s Best Bet Against Tinubu!
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The Allied Peoples Movement (APM) has urged other opposition parties to rally behind Oyo State Governor Seyi Makinde as a consensus presidential candidate to challenge President Bola Tinubu in 2027.....KINDLY READ THE FULL STORY HERE▶
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Speaking in Abuja through its National Publicity Secretary, Abubakar Yusuf, the party noted that ongoing discussions facilitated by the G-100 pressure group are advancing toward presenting a unified opposition front ahead of an upcoming meeting.
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Yusuf stressed that opposition stakeholders should prioritize national interest and regional rotation—allowing the South to complete another four-year term—over individual ambitions.
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He touted Makinde’s governance track record, youth appeal, and proposed blueprints for national security and economic reform as key factors giving him an edge over other aspirants.
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Keep The Peace Or Lose Your Throne: Governor Otu Sends Shockwaves Through The Traditional Council!.
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Speaking at the annual International Leboku Festival in Ugep, Yakurr Local Government Area, the governor strongly condemned the recent deadly inter-communal clashes between the Ugep and Idomi communities, labeling the violence a “show of shame.”....KINDLY READ THE FULL STORY HERE▶
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Otu emphasized that traditional leaders are strictly accountable for upholding local peace and traditions, warning that the state government will withdraw certificates of recognition from royal fathers where violence erupts and will withhold recognition from communities plagued by parallel leadership factions.
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Yakurr Council Chairman Chief Inyang Yibala Igri urged residents to choose development and historical ties over destruction, encouraging youths to focus on commercial farming.
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Meanwhile, the Obol Lopon of Ugep, HRM Obol Ufem Ubana, pledged the traditional council’s commitment to sustaining harmony while drawing attention to local concerns, including tensions from dual coronations in Agoi-Ibami, requests for sports infrastructure upgrades, and media coverage improvements.
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Joint forces comprising troops from the Army Headquarters Garrison and Operation SWEEP carried out a security raid on Sunday, August 23, 2026, targeting illegal shanties and suspected criminal hideouts in the Federal Capital Territory.....KINDLY READ THE FULL STORY HERE▶
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The sweep, which commenced around 4:00 p.m., spanned several communities across the Abuja Municipal Area Council (AMAC), including Karshi, Jeje, Kurape, and Nyanya, with the objective of eliminating safe havens for criminals and boosting security surveillance.
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According to security analyst Zagazola Makama, the operation successfully dismantled multiple unauthorized structures in areas identified as vulnerable.
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Following the exercise, the Mai-Anguwa of Nyanya praised the military action and committed to maintaining strong intelligence sharing and communication with security agencies to flag suspicious activities.
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