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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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Update : UK Lauds Nigeria’s Recovery Under Tinubu, Urges Others to Learn

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The United Kingdom (UK) has commended the economic reforms being implemented by President Bola Ahmed Tinubu’s administration, describing Nigeria’s ongoing recovery as a success story that other countries can draw inspiration from.

The UK National Security Adviser, Jonathan Powell, made the remarks on Tuesday at the opening of the 4th UK-Nigeria Security and Defence Partnership Dialogue, held at Nigeria’s Office of the National Security Adviser in Abuja.

Powell said the reforms had required difficult decisions but were beginning to yield tangible results in economic growth and recovery.

“The economic reforms undertaken by the government have not been easy, but the remarkable progress Nigeria is making today in terms of growth and economic recovery demonstrates that difficult decisions can produce significant results. It is a success story from which many can draw inspiration,” he said.

The UK official described Nigeria as an “African superpower” whose influence and strategic importance would continue to grow as its population, capabilities and economic strength expand.

“For the United Kingdom, Nigeria is a vital partner—our foremost partner in Africa. Nigeria is an African superpower, a nation that is already influential and one whose importance will continue to grow,” he said.

According to Powell, the UK has strong confidence in Nigeria’s future and remains committed to deepening bilateral relations through a partnership founded on mutual respect, shared objectives and practical outcomes.

“We want that relationship to be a mature and equal partnership, one in which we share strategic objectives and work together to deliver tangible outcomes.

“We have immense respect for Nigeria’s leadership role within the country, across the region and throughout Africa, and we are committed to supporting that leadership,” he added.

Powell also acknowledged the professionalism and dedication of Nigeria’s security services in addressing the country’s security challenges, stressing that Nigeria remains indispensable to regional stability and collective security.

“Nigeria remains central and indispensable to regional stability and collective security. There is simply no substitute for Nigeria’s role in promoting peace and stability across West Africa and beyond,” he said.

He expressed satisfaction with the continued success of the UK-Nigeria Security and Defence Partnership Dialogue, describing it as a cornerstone of the two countries’ growing security cooperation.

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El-Rufai Confesses to Intercepting NSA Communications

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A Federal High Court in Abuja yesterday heard that former Kaduna State Governor Nasir El-Rufai admitted, in a television interview, that he intercepted the phone conversations of the National Security Adviser (NSA), Nuhu Ribadu.

The second prosecution witness in El-Rufai’s ongoing trial, Deji Adeyanju, told the court that he was at the same television station, awaiting his turn to be interviewed on February 16, the day El-Rufai allegedly made the administration on the same station.

Led in evidence by the prosecution’s lawyer, Oluwole Aladedoye (SAN), the witness quoted El-Rufai as saying in the course of the television interview: “We listened to the conversations of the NSA.”

El-Rufai is being prosecuted by the Department of State Services (DSS) over his alleged contravention of the Cybercrimes (Prohibition, Prevention, etc) Amendment Act (2024) and the Nigerian Communications Act (2003) following his alleged interception of Ribadu’s phone conversations and compromising public safety, national security and instilling reasonable apprehension of insecurity among Nigerians.

Adeyanju, a subpoenaed witness, said he knew El-Rufai as a former governor of Kaduna State, adding that he issued a statement following reports that the former governor was to be arrested by security operatives.

Shortly after the television interview in which El-Rufai featured was played in the open court, Adeyanju confirmed it to be the one he saw in which the ex-governor allegedly admitted to the act.

Aladedoye also tendered a video recording of the interview featuring Adeyanju, which the court admitted.

Adeyanju said the DSS invited him after television interview and was asked to explain what happened while he was at the television studio.

The witness said he told investigators that he was present when El-Rufai made the statements on air and that when pressed further, in the course of the interview, the ex-governor said someone did the phone tapping and passed the information to him.

During cross-examination by El-Rufai’s lawyer, Paul Erokoro (SAN), Adeyanju said he did not hear El-Rufai specifically say he hacked Ribadu’s phone lines but that he heard him say, “We listened to the conversations of the NSA.”

When asked whether or not he knew the means through which the NSA makes calls and if he would be surprised to learn that DSS investigators did not ask the NSA which of his devices was allegedly compromised, the witness said those were not his business.

The prosecution tendered an official gazette without objection from the defence. Following this, the court admitted it in evidence.

Justice Joyce Abdulmalik has adjourned further hearing till today.

El-Rufai is facing a three-count charge.

* That you, Mallam Nasir El Rufai, adult, male, on February 13, 2026, while appearing as a guest on Arise TV station’s “Prime Time” programme in Abuja, within the jurisdiction of this court, did admit during the interview that you and your cohorts unlawfully intercepted the phone communications of the National Security Adviser, Nuhu Ribadu, and thereby committed an offence contrary to and punishable under Section 12(1) of the Cybercrimes (Prohibition, Prevention, etc) Amendment, Act, 2024.

* That you, Mallam Nasir El-Rufai, adult, male, on February 13, 2026, while appearing as a guest on Arise TV station’s “Prime Time” programme in Abuja, within the jurisdiction of this court, did state during the interview that you know and relate with certain individual, who unlawfully intercepted the phone communications of the National Security Adviser, Nuhu Ribadu, without reporting the said individual to relevant security agencies and thereby committed an offence, contrary to and punishable under Section 27 (b) of the Cybercrimes (Prohibition, Prevention, etc) Amendment, Act, 2024.

* That you, Mallam Nasir El-Rufai, adult, male, and other still at large, sometime in 2026, in Abuja, within the jurisdiction of this court, with others still at large did use technical equipment or systems which compromised public safety, national security and instilling reasonable apprehension of insecurity among Nigerians by unlawfully intercepting the phone communications of the National Security Adviser, Nuhu Ribadu, to which you admitted during an interview on February 13, 2026, on Arise TV station’s “Prime Time” programme in Abuja and thereby committed an offence, contrary to and punishable under Section 131(2) Nigerian Communications Act 2003.

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Major Legal Blow as Court Orders Deregistration of ADC, Accord, Three Other Parties

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The Federal High Court in Abuja has ordered the Independent National Electoral Commission (INEC) to deregister the African Democratic Congress (ADC) and four other political parties.

The other political parties the court directed the electoral body to deregister are the Action Peoples Party (APP), Action Alliance (AA), Accord Party (AP), and Zenith Labour Party (ZLP).

The court order followed a judgment delivered by Justice Peter Lifu.

The National Forum of Former Legislators had, in the suit marked FHC/ABJ/CS/2637/2026, prayed the court to determine whether INEC has a constitutional obligation to remove political parties that fail to meet the electoral performance thresholds set out in Section 225A of the 1999 Constitution (as amended), as reinforced by the Electoral Act 2022 and INEC’s regulations.

It was the position of the plaintiff that the five political parties listed as defendants in the matter had persistently failed to meet the constitutional benchmarks required to retain their registration.

The former legislators stressed that the requirements include winning at least 25 per cent of votes in a state during a presidential election or securing at least one elective seat at the national, state, or local government level.

They told the court that the ADC and the four other parties performed poorly in both the 2023 general elections and by-elections conducted by INEC, thereby failing to win seats across key tiers of government.

The litigants insisted that the continued existence of the ADC and the other defendants as recognised political parties is unlawful and undermines the integrity of the country’s electoral system.

Among other reliefs, the plaintiff urged the court to declare that INEC is duty-bound to deregister such parties.

It further urged the court to compel the commission to deregister the five political parties before preparations for the 2027 elections advance further.

Beyond declaratory reliefs, the plaintiff prayed the court to restrain the five affected parties from participating in general elections or engaging in political activities such as campaigns, rallies, and primaries.

It also sought a court injunction restraining INEC from recognising or dealing with the parties in any official capacity unless and until they strictly comply with constitutional provisions.

The judgment may affect the chances of candidates of the affected political parties, including former Vice President Atiku Abubakar, to contest the 2027 presidential poll.

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