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UNGA 2023 : Nigeria’s minerals deposit is worth $700billion,”We are ready to play an important role,” Says Alake

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The Minister of Solid Minerals Development, Dele Alake, said Nigeria’s minerals deposit is worth $ 700 billion, saying the nation’s mineral resources make it one of the top 10 players in the energy sector.
Alake said this at a special session on the sidelines of the ongoing United Nations General Assembly (UNGA) in New York, where he added that Nigeria is ready to play an important role in meeting the global demand for critical minerals.

The minister spoke on the topic: “From critical minerals to energy transition: Africa in the driver’s seat” at the event organised by the Corporate Council of Africa.

The deputy director of information, Ministry of Solid Minerals, Alaba Balogun, made this known in a press release.

Balogun added: “Alake who was speaking at a special session on the sidelines of the ongoing United Nations General Assembly in New York, said the nation’s mineral resources make it one of the top 10 players in the energy sector.

“He said despite being behind other African countries in mining, Nigeria’s mineral deposit is valued at over $700bn with very huge potential to increase. Speaking broadly of the continent, Alake said Africa is fit for the driver’s seat of the global energy transition that will be driven by critical minerals.”

He said: “Nigeria has always occupied a special position in global energy discourse. Nigeria played a vital role as a key oil exporter during the era of hydrocarbon and became a top 10 exporter of oil. As the face of global energy changes, Nigeria once again emerges as a key supplier of gas which we know is an important energy transition fuel today. Last year in the midst of the Russia-Ukraine crisis, Nigeria was one of the top exporters of LNG to Europe and was the 6th largest LNG global exporter in 2022. As you can see, there is a clear trend, whenever Nigeria is active in the global energy space, it emerges as a top 10 global player and it will be no different with critical minerals.

“Nigeria is endowed with a vast deposit of minerals critical to our new world. In our new world mobility requires a new form of energy driven by minerals in our new electric vehicle world; technology is more mineral-dependent; our energy source will depend more on the energy converted from the sun and other sources; and energy storage is even more mineral-reliable.

“This trend does not have any reversal in sight and demand will only continue particularly as the world seeks and envisions a lower carbon future where environment, social, and governance (ESG) factors are prioritized in governance and investment decisions. Therefore, minerals are at the forefront.

“He also traced the transition from different sources of energy to the now prominent renewable sources of energy. The shift from fossil-based energy systems to renewable energy such as wind and solar has meant that minerals that were not a part of general and public parlance have become a part of everyday speech. Today, lithium for example is woven through everyday conversations, and this is only just the beginning.

“Without a doubt, minerals are a major focus of our world today, and rightly so. Nigeria is well-positioned to play an important role in our new world. Our Solid mineral sector is valued at over USD$700bn and we know there is more to be discovered. Endowed with critical minerals, Nigeria should not and dare I say, cannot be ignored.

“We may not have a strong historic mining history like some of our neighbours such as Ghana, Mali and those in the South such as South Africa, Botswana, etc. but things are about to change.”

According to him, Lithium pegmatite rocks are available in Nigeria across states such as Nasarawa, Kwara, Oyo, Abuja, Kebbi, and much more and Graphite is found in states such as Kaduna.

One of the key objectives of President Bola Tinubu’s administration according to Alake is to develop the entire value chain in-country – in the case of lithium, saying “We want to go from Ore to concentrate to lithium hydroxide to end product.”

He also listed states with rare Earth elements critical for wind turbines and EV motors as Nasarawa and Plateau.

He added: “Platinum group minerals can be seen in the middle belt such as Benue and other regions. We have nickel in Kaduna and other locations. Zinc which is vital to offshore and onshore wind power generation has been a mainstay in Nigeria and is available in Ebonyi, Nasarawa, Plateau and many other Nigerian states.

“He further added that the nation was ready for foreign investment in the solid mineral sector, with President Bola Tinubu giving it prominence.

“It is clear that Nigeria is important to the world and we are ready for investment, collaboration, and partnerships in our solid mineral sector. Our new president, President Bola Ahmed Tinubu has made the solid mineral development sector vital in his administration and we are committed to making it a key contributor to our national GDP. A lot of work has been done in the sector under former administrations and we plan to take it further. Nigeria is prime to becoming a mining destination on the continent and it will happen in our time.”

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BATTLE FOR NIGERIA’S PGA LEADERSHIP THREATENS THE BODY’S EXISTENCE!

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For the first time in recent memory, the Professional Golfers’ Association of Nigeria is facing a crisis so severe it’s not just the trophies at stake—it’s the organization’s very survival.

At the center of this storm is the current Executive Committee, led by Tony Philmoore.

What was supposed to be a standard leadership run has turned into a high-stakes standoff. A growing, vocal faction within the membership has levelled explosive accusations against Philmoore, claiming he has morphed into a “high-handed” leader intent on overstaying his tenure.

The drama boils down to a classic case of “he-said, she-said” regarding the rulebook. The facts are these: Philmoore’s team was sworn in back in November 2023for what everyone understood to be a two-year term.

One senior member told our correspondent in no uncertain terms: “This is not how you run a professional body. Members were not properly represented in the decision for tenure elongation. You cannot wake up one morning and add three years to your mandate. Where is the governance? Where is the constitution?”

The member, who preferred not to be named for fear of further marginalisation within the association, revealed that formal letters have been circulated, legal opinions sought, and pressure quietly applied on the leadership to vacate or call for fresh elections. So far, Philmoore’s team has shown little sign of budging — and therein lies the stalemate that is strangling Nigerian professional golf.

However, in a move that has sent shockwaves through the greens, the leadership now claims they received an endorsement during their Annual General Meeting (AGM) for a five-year tenure proposal that was thrown up at the AGM, which members claimed hadn’t been endorsed.“It’s a power grab, plain and simple,” mutters another disgruntled member “There was no formal approval, no consensus, and certainly no transparency. We are looking at a leadership that wants to rule, not represent.”

A chance for truce had been blown when rather than heed a call for election, Philmoore initiated a court order that halted members’ proposed meeting to pass a ‘vote of no confidence’ in Lagos. The resolution would have forced the Executives’ hand and made and EGM obligatory but it got thwarted by the court order advising to stay action on the matter.

Earlier too, the apex ruling body for the game in Nigeria, Nigeria Golf Federation, had also attempted to broker peace and proposed terms to return normalcy through its President, Olusegun Runsewe. It obviously hasn’t worked.

While the executives trade accusations in boardrooms and WhatsApp groups, it is Nigeria’s professional golfers — the men and women who have dedicated their lives to the sport — who are paying the most devastating price.

Our correspondent spoke to Yusuf (not real name), an aggrieved professional player who expressed his frustration as this:

“We have lost one of our key regular year opening events in January due to this situation,” he revealed, his voice heavy with disappointment. “I heard that sponsors said we should go and put our house in order first.”

He paused. Then the real pain surfaced.

“It is a shame that the leadership are busy fighting for position, while the little channel for members to showcase their talent and earn their livelihood is being destroyed. I joined this career with so much hope. I am confident in my ability — but this situation has really made me depressed.”

The deeper and more alarming question swirling among golf industry insiders is this: how long can the PGA of Nigeria survive this self-inflicted wound?

Professional sporting bodies live and die by two things — credibility and continuity. The PGA is currently haemorrhaging both at an alarming rate. Without tournaments, players cannot earn. Without earnings, talent migrates or gives up. Without talent, there is no product to sell. Without a product, there are no sponsors. Without sponsors, there is no organisation.

It is a vicious spiral, and those watching from the outside say the end point, if nothing changes, is institutional collapse.

The PGA of Nigeria since formation in 1969 has survived economic downturns, infrastructure deficits, and the general turbulence of Nigerian sporting administration. But this — a leadership crisis born entirely of ambition and alleged constitutional overreach — may prove to be its most dangerous hour yet.

As of the time of filing this report, no resolution is in sight. Tony Philmoore’s camp remains entrenched, dismissing critics as a disgruntled minority. The opposition faction, meanwhile, is adamant and reaching out to the broader sporting governance community for intervention.

In the middle of it all stand Nigeria’s professional golfers — talented, ambitious, and utterly let down by the very institution created to serve them.

The greens are still beautiful. The clubs are still sharp. But the game, for now, is being played in the boardroom — and nobody is winning.

 

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Just IN : Relief in Kaduna as Soldiers Rescue 31 Kidnapped Easter Worshippers

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Troops of the Nigerian Army have rescued 31 civilians abducted during an Easter church service in Ariko Village, Kachia Local Government Area of Kaduna State.

The rescue followed a distress call reporting that terrorists had invaded an ECWA Church in the community and abducted worshippers during the service.

In a statement posted on its X handle on Sunday, the Army said that upon receiving the information, troops swiftly mobilised to the scene and, with the support and guidance of members of the Ariko community, advanced in pursuit of the fleeing attackers.

The Army said the troops engaged the terrorists in a fierce firefight, overpowering them with superior firepower.

“Troops of the Nigerian Army, through a swift response, successfully foiled a terrorist attack, leading to the rescue of 31 civilians abducted during an Easter church service in Ariko Village, Kachia Local Government Area of Kaduna State.

“The swift response followed a distress call reporting the abduction of worshippers during an Easter service at an ECWA Church in Ariko Village. The troops, on receipt of the information, promptly mobilised to the scene. With the support and guidance of members of the Ariko community, they advanced in pursuit of the fleeing terrorists and engaged the criminals in a fierce firefight, overwhelming them with superior firepower.

“The pressure mounted by the advancing troops forced the terrorists to abandon 31 hostages, including one injured victim who is currently receiving medical attention,” the statement partly read.

However, the army disclosed that troops also recovered the remains of five victims already killed by the terrorists at the scene.

“Regrettably, the remains of five victims already killed by the terrorists were also recovered at the scene. The fleeing terrorists are believed to have sustained significant casualties, as evidenced by blood trails along their escape routes.

“Troops have since intensified pursuit operations to track the fleeing elements to their enclaves, with ongoing efforts aimed at rescuing any remaining captives and ensuring the perpetrators are brought to justice,” the statement added.

The army said additional troops had been deployed to the area to reinforce ongoing operations, enhance security presence, and prevent further threats to lives and property.

“To consolidate the gains recorded, additional troops have been deployed to the area to reinforce ongoing operations, enhance security presence, and prevent further threats to lives and property.

“The Nigerian Army reaffirms its unwavering commitment to the protection of citizens and the defence of Nigeria’s territorial integrity, in collaboration with other security agencies and local stakeholders. Troops remain resolute in sustaining offensive operations against all threats to national security.

“Members of the public are encouraged to continue supporting the Nigerian Army and other security agencies by providing timely and credible information, as collective vigilance remains vital to achieving enduring peace and stability,” the statement concluded.

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Breaking : Tinubu Moves to Fix Power Crisis with N3.3tn Debt Clearance

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President Bola Tinubu has approved a ₦3.3 trillion payment plan aimed at resolving long-standing debts in Nigeria’s power sector and boosting the reliability of electricity supply.

The plan addresses legacy debts accumulated between February 2015 and March 2025 under the Presidential Power Sector Financial Reforms Programme.

Following a comprehensive review, the government agreed on ₦3.3 trillion as a full and final settlement, ensuring transparency and fairness.

A statement issued on Sunday by the special adviser to the president on information and strategy, Bayo Onanuga, stated that implementation of the repayment plan has already begun, with fifteen power plants already signed settlement agreements totalling ₦2.3 trillion.

The statement read, “President Bola Tinubu has approved the payment plan to finally settle the outstanding debts under the Presidential Power Sector Financial Reforms Programme.

“The debt repayment plan followed the final review of the legacy debts that have beset the power sector for more than a decade.

“The long-standing debts accumulated between February 2015 and March 2025. Following verification, ₦3.3 trillion has been agreed as a full and final settlement, ensuring a fair and transparent resolution.

“Implementation has begun, with 15 power plants signing settlement agreements totalling ₦2.3 trillion. The Federal Government has already raised ₦501 billion to fund these payments. Out of the amount, N223 billion has been disbursed, with further payments underway.

“What this means for Nigerians: With payments reaching the power value chain, generation will be more stable. With power plants supported, electricity reliability will improve.”

Commenting on the development, the Special Adviser on Energy to the President, Olu Arowolo-Verheijen, explained that the settlement would improve electricity reliability by stabilising the power value chain.

“This programme is not just about settling legacy debts. It is about restoring confidence across the power sector — ensuring gas suppliers are paid, power plants can keep running, and the system begins to work more reliably,” she said.

The adviser added that the reforms are part of broader initiatives, including better metering and service-based tariffs that link consumer payments to the quality of electricity received.

Priority will also be given to supplying electricity to businesses, industries, and small enterprises to support job creation and economic growth.

“The goal is simple: more reliable power for homes, stronger support for businesses, and a system that works better for all Nigerians,” Arowolo-Verheijen said.

President Tinubu commended all stakeholders involved in resolving the legacy issues and confirmed that the next phase of the reforms, Series II, will commence this quarter.

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