Nigeria’s solid minerals sector attracted over $800 million in processing projects in 2024. It also generated over N38 billion in revenue in 2024, up from just N6 billion the previous year, despite receiving only 18 per cent of its N29 billion budgeted allocation. The Minister of Solid Minerals Development, Dr Dele Alake, revealed this during a feature interview for an …

The Minister of Solid Minerals Development, Dr. Dele Alake has emphasized the significance of Nasarawa State in advancing the nation’s mining sector. Speaking while receiving Nasarawa state Governor, Gov Abdullahi Sule and Minister of Defence, Abubakar Badaru in his office on Friday, Alake affirmed that Nasarawa has been a formidable partner in harnessing the state’s vast Minerals potential for national …

The Minister of Solid Minerals Development, Dr. Dele Alake has assured Nigerians that the establishment of the Nigeria Solid Minerals Corporation will significantly transform the mining sector and lay the foundation for its sustainable development. Receiving the British Deputy High Commissioner to Nigeria, Jonny Baxter, in his office on Monday, Alake disclosed that initial set up of the new corporation …

The Federal Government (FG) has stated that Nigeria is open for investment even as it urged investors to take advantage of the opportunities in the nation’s mining and energy sectors. In a statement obtained from the Director, Information and Public Relations, Federal Ministry of Finance, Mohammed Manga’s X handle on Saturday after the Minister of State for Finance, Dr.Doris Uzoka-Anite …

The Joint National Assembly Committee on Solid Minerals has rejected the proposed N9 billion capital budget for the mining sector in the 2025 budget, emphasizing that the allocation falls drastically short of the investment required to position solid minerals as the cornerstone of economic diversification. Leading the debate during the budget defense session on Friday, the Chairman of the Joint …

The Minister of Solid Minerals Development, Dr. Dele Alake has hinted at an impending forensic audit of the mining sector as part of efforts to sanitize the industry and boost investor confidence. During a meeting with Plateau State Governor Caleb Mutfwang on Wednesday, Dr. Alake emphasized that ongoing reforms will lead to the implementation of technology-driven mechanisms aimed at enhancing …

The Federal Government, through the Ministry of Solid Minerals Development, has announced a new regime of rates for the mining sector to enhance the ease of doing business and consolidate ongoing reforms. The Minister of Solid Minerals Development, Dr. Dele Alake announced this at a press conference, stated that the review underscores the federal government’s commitment to increasing revenue from …

President Bola Ahmed Tinubu, yesterday, commissioned a lithium processing factory in Nasarawa State, built by a Chinese firm, Avatar New Energy Materials Company Limited. The commissioning took place at Kama Otto in Nasarawa Local Government Area, in collaboration with the Nasarawa State Government. President Tinubu who was represented by the president of the Senate, Senator Godswill Akpabio, said the commissioning …

The Minister of Solid Minerals Development, Dr. Dele Alake has affirmed the commitment of Africa to equipping women with requisite skills to participate actively in the mining sector value chain. In his goodwill message at the International Women’s Day Forum 2024 organised by the Women Miners Association, the Minister, who is also Chairman of the African Minerals Strategy Group (AMSG), …