Friday, October 10, 2025
  • About
  • Advertise
  • Careers
  • Contact
Newsroom Nigeria
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life
No Result
View All Result
Newsroom Nigeria
ADVERTISEMENT
Home News

Alake Hails AFC’s Support For Solid Minerals Sector

The Ministry is committed to developing the necessary data needed to advance the $700 billion value under the ground

Newsroom Nigeria by Newsroom Nigeria
October 4, 2023
in News
Reading Time: 2 mins read
0
SHARES
Share on FacebookShare on Twitter

Solid Minerals Minister Dr.Oladele Alake has commended Africa Finance Corporation for supporting the Tinubu Administration in its agenda to transform the solid minerals sector into the country’s highest source of revenue.

Alake made this known during the business visit of the President and Chief Executive Officer, Africa Finance Corporation, Mr Samaila Zubairu to his office in Abuja on Tuesday.

Related posts

Viewpoint: Between Lere Olayinka and Rufai Oseni, By Bolanle BOLAWOLE

Viewpoint: How Journalists Can get the Best from a Subject in an Interview By Adewale Adeoye

October 10, 2025
Union Bank Strengthens Media Ties at Informal Mixer Event

Union Bank Strengthens Media Ties at Informal Mixer Event

October 9, 2025

Speaking on the administration’s commitment to gather precise data on minerals, Alake stated that every efforts being made through policies initiatives and programmes to make Nigeria a destination for Solid Minerals will be futile if the nation didn’t improve on data gathering.
”We will invest heavily in data generation, concise and precise data generation that will empower and enable investors make informed decisions”.

”The Ministry is committed to developing the necessary data needed to advance the $700 billion value under the ground under the big data strategy”, the Minister affirmed.

Dr Alake asserted that the present administration decided to shift attention from fossil fuel and it’s attendant climatic challenges to solid minerals as viable alternative.
” President Bola Ahmed Tinubu decided to create the ministry, empower it, and develop policies to make it advantageous to Nigerians”,Dr Alake stated.

While acknowledging the robust partnership between the Africa Finance Corporation and Solid Minerals Development Fund aimed at identifying and supporting development -stage mining projects in Nigeria, the Minister said, the visit of the CEO of Africa Finance Corporation signposts how critical the mining sector is to Nigeria’s economic growth and prosperity.

Dr Alake assured Mr Samaila Zubairu that the Ministry will cooperate and collaborate with the Africa Finance Corporation to make the organizations roadmap actionable in tandem with the transformation agenda launched recently by the Ministry to increase revenue accruable to the government amongst others.

Speaking earlier, the President and Chief Executive Officer, Africa Finance Corporation, Mr Samaila Zubairu stated that the quantum and value of Nigeria’s solid minerals has made it imperative to develop a framework of collaborating with the Ministry for the growth of the sector.

Furthermore, he advocated the formulation of a framework that will support local investors by development banks, to de-risk investment in the mining sector with a positive implications on increasing tax earnings for the country.

The AFC boss pledged the corporation’s support for the BiG Data project, value added processing centres, reduction of insecurity and support for indigenous mining companies.

He disclosed that the AFC’s support for Segilola enabled it to prove that an indigenous company could succeed in the mining sector.

 

ShareTweetSendShareShare
Previous Post

MOHBAD: POLICE DECLARE PRIMEBOY WANTED, PROMISE N1MILLION REWARD

Next Post

Speaker Abbas Appoints Prof. Jake Dan-Azumi as Chief of Staff

Related Posts

Viewpoint: Between Lere Olayinka and Rufai Oseni, By Bolanle BOLAWOLE
Media and Press

Viewpoint: How Journalists Can get the Best from a Subject in an Interview By Adewale Adeoye

October 10, 2025
Union Bank Strengthens Media Ties at Informal Mixer Event
BANKING

Union Bank Strengthens Media Ties at Informal Mixer Event

October 9, 2025
TINUBU ACCEPTS INEC CHAIRMAN’S DEPARTURE, BESTOWS NATIONAL HONOUR ON HIM
News

TINUBU ACCEPTS INEC CHAIRMAN’S DEPARTURE, BESTOWS NATIONAL HONOUR ON HIM

October 7, 2025
Yakubu Concludes Tenure, Hands Over to Agbamuche-Mbu as INEC’s Acting Chairman
News

Yakubu Concludes Tenure, Hands Over to Agbamuche-Mbu as INEC’s Acting Chairman

October 7, 2025
NDLEA Smashes Cocaine Cartels Behind 6 UK-bound Shipments, Arrests Arrowhead
News

NDLEA Smashes Cocaine Cartels Behind 6 UK-bound Shipments, Arrests Arrowhead

October 5, 2025
No More Account Maintenance Fees, Says Sterling Bank to Nigerians on Independence Day
BANKING

No More Account Maintenance Fees, Says Sterling Bank to Nigerians on Independence Day

October 1, 2025
Next Post

Speaker Abbas Appoints Prof. Jake Dan-Azumi as Chief of Staff

RECOMMENDED NEWS

JUNE 12: GROUP TO HONOUR TINUBU, ENAHORO, BEKO, UBANI, OTHERS

2 years ago

NDLEA Burns1.8 tons of cocaine, as Marwa Promises Drug Cartel Tough Time

3 years ago

BAUCHI GOVERNOR HAILS JULIUS  BERGER AS THE BEST CONSTRUCTION COMPANY IN NIGERIA

4 years ago
Speaker Obasa Felicitates Remi Tinubu at 65, Hails ‘Renewed Hope Initiative’ Impact

Speaker Obasa Felicitates Remi Tinubu at 65, Hails ‘Renewed Hope Initiative’ Impact

3 weeks ago

FOLLOW US

ADVERTISEMENT
ADVERTISEMENT

POPULAR NEWS

  • NATIONAL COUNCIL OF STATE UNANIMOUSLY APPROVES APPOINTMENT  AMUPITAN AS INEC CHAIRMAN

    NATIONAL COUNCIL OF STATE UNANIMOUSLY APPROVES APPOINTMENT  AMUPITAN AS INEC CHAIRMAN

    0 shares
    Share 0 Tweet 0
  • South Rejected Tinubu in 2023, North and South Will Reject Him in 2027 — Gbenga Hashim’s Group

    0 shares
    Share 0 Tweet 0
  • TINUBU ACCEPTS INEC CHAIRMAN’S DEPARTURE, BESTOWS NATIONAL HONOUR ON HIM

    0 shares
    Share 0 Tweet 0
  • TINUBU PARDONS HERBERT MACAULAY, VATSA, LAWAN, GRANTS CLEMENCY TO 82 INMATES

    0 shares
    Share 0 Tweet 0
  • TINUBU ACCEPTS RESIGNATION OF GEOFFREY NNAJI AS MINISTER

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
Newsroom Nigeria

The NEWSROOM NIGERIA is an independent, liberal on – line news platform committed to the right of the individual to pursue his economic happiness, without undue interference of the state. It shall promote the rights of the individual; right to freedom of worship and conscience, and to hold opinions and impact same without hindrance, subject to such laws are as consistent with the constitution and necessary for the protection of the rights of others.

  • About
  • Advertise
  • Careers
  • Contact

© 2025 Newsroom Nigeria - Designed by Semasir Connect.

No Result
View All Result
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life

© 2025 Newsroom Nigeria - Designed by Semasir Connect.