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Tag: Solid Minerals

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Solid minerals exports hit ₦354bn on reform gains

Nigeria’s solid minerals exports have sustained an uptrend, rising to N354 billion in 2025, up by 2018 per cent from N117.29 billion recorded in 2023. The figure for the first nine months of 2024 was N199.6 billion, with the full year estimated to be over N266 billion. Similarly, revenue generated for the Federation Account climbed […]

News

EMERGE programme will transform Nigeria’s solid minerals sector — Alake

The Minister of Solid Minerals Development, Dr Dele Alake, on Wednesday, assured that the launch of the Early-Stage Mineral Exploration and Research Grant Endowment programme is a game-changer for the nation’s solid minerals sector. Vanguard reported that speaking at the launch of EMERGE in Abuja he said the programme was well crafted and strategically positioned […]

Over 160,000 benefited from Tinubu's transport subsidy - Alake
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Nigeria attracts $2.6bn FDI in solid minerals sector — Alake

The Minister of Solid Minerals Development, Dr. Dele Alake, disclosed that the Tinubu-led administration has attracted over $2.6 billion in Foreign Direct Investment into the sector in two years. Alake made this known in a statement signed by his Special Assistant on Media, Segun Tomori. In the statement, the Minister advocated for regional hubs to […]

Over 160,000 benefited from Tinubu's transport subsidy - Alake
Finance

Solid minerals revenue jumps 337%

The Ministry of Solid Minerals Development recorded a 337 per cent increase in revenue, rising to over N70 billion in 2025 from N16 billion in 2023, under the leadership of the Minister of Solid Minerals Development, Dr Dele Alake. The revenue growth was disclosed by the Special Assistant on Media to the Minister, Segun Tomori, […]

Economy featured

Solid minerals revenue soars as NLNG dividends hit zero

Nigeria’s revenue from solid minerals surged to almost three times its target in 2024, while dividends from natural gas, once a dependable source of government income, dropped to zero, raising concerns about transparency and asset management in Africa’s largest economy, according to findings by BusinessDay. Data from the 2024 Federal Government Budget Performance Analysis released […]

Over 160,000 benefited from Tinubu's transport subsidy - Alake
News

Solid minerals ministry surpasses N50bn 2025 IGR target

The Ministry of Solid Minerals Development has generated over N50 billion in Internally Generated Revenue for 2025, significantly surpassing the N38 billion figure recorded in 2024. The Minister, Mr. Dele Alake, confirmed this notable achievement on Friday while officially unveiling the One-Gov Cloud digitisation project at the Mining Cadastre Office headquarters in Abuja. He explained […]

Investment

Chinese investment in Nigeria’s lithium processing hits $1.3bn — Alake

The Minister of Solid Minerals Development, Dr. Dele Alake, disclosed this weekend that Chinese investments in Nigeria’s lithium processing alone have reached $1.3 billion. Alake made the statement at the China Mining Conference in Tianjin, while speaking on the theme, ‘Connect and Collaborate, Co-Build and Co-Share’, according to a statement signed by his Special Assistant […]

Why mining agency, proposed solid minerals company won't clash - FG
Business

Why mining agency, proposed solid minerals company won’t clash – FG

The planned Solid Minerals Corporation would not conflict with the objectives of the Solid Minerals Fund, according to the Executive Secretary and Chief Executive Officer of the Solid Minerals Development Fund, Fatima Shinkafi. According to The Punch, she made this statement to the media on Monday in Abuja, following the release of the NEITI Industry […]

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