{"id":10216,"date":"2024-04-30T06:54:37","date_gmt":"2024-04-30T06:54:37","guid":{"rendered":"https:\/\/angolanembassy-nga.ao\/?p=10216"},"modified":"2024-04-30T06:54:39","modified_gmt":"2024-04-30T06:54:39","slug":"nigeria-sitting-on-750bn-worth-of-solid-minerals-alake","status":"publish","type":"post","link":"https:\/\/angolanembassy-nga.ao\/?p=10216","title":{"rendered":"Nigeria Sitting On $750bn Worth Of Solid Minerals \u2014 Alake"},"content":{"rendered":"\n<p><strong>The Minister of Solids Minerals Development, Dele Alake has stated that a preliminary report by a German firm, GeoScan, indicated that Nigeria is sitting on several minerals worth $750bn.<\/strong><\/p>\n\n\n\n<p>Speaking during a Summit organised by the National Institute for Policy and Strategic Studies (NIPSS) and Bruit Costaud yesterday in Nigeria, Alake said the mining sector has the potential to contribute a large part of the nation\u2019s goal to achieve a trillion-dollar economy as pushed by President Bola Ahmed Tinubu.<\/p>\n\n\n\n<p>Alake said the president is pushing several reforms to rejuvenate the sector to avoid Nigeria being a mining pit for solid minerals.<\/p>\n\n\n\n<p>He said the availability of data is important to attract investors that will establish plants in Nigeria to process the minerals and create a multiplier effect on job creation and growth in the economy.<\/p>\n\n\n\n<p>\u201cWe are working with the World Bank, Excalibur and GeoScan, a German company, to get the necessary data on the sector. That is why the federal government signed a memorandum of understanding with Geoscan and they did a preliminary survey of our minerals on the output and potential. They gave us a figure of $750bn worth of minerals embedded under the ground of Nigeria.\u201d<\/p>\n\n\n\n<p>Speaking earlier, the governor of Nasarawa State, Abullali Sule said investment in solid minerals is the way to go.<\/p>\n\n\n\n<p>He said lithium is the new gold and Nigeria has abundant of it, adding that the biggest lithium processing factory will soon be commissioned processing 4,000 metric tons a day and transporting over a million tons of lithium a year.<\/p>\n\n\n\n<p>\u00a0The Director General of NIPSS, Ayo Omotaya, said the summit was organised to chart a way forward for the mining sector.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Minister of Solids Minerals Development, Dele Alake has stated that a preliminary report by a German firm, GeoScan, indicated that Nigeria is sitting on several minerals worth $750bn. Speaking<\/p>\n","protected":false},"author":1,"featured_media":10217,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_rishi_post_view_count":166},"categories":[5],"tags":[],"class_list":["post-10216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","rishi-post"],"rishi__cb_customizer_meta":"","comments_count":"0","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nigeria Sitting On $750bn Worth Of Solid Minerals \u2014 Alake - Embassy of the Republic of Angola in Nigeria<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/angolanembassy-nga.ao\/?p=10216\" \/>\n<meta property=\"og:locale\" content=\"pt_PT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria Sitting On $750bn Worth Of Solid Minerals \u2014 Alake - Embassy of the Republic of Angola in Nigeria\" \/>\n<meta property=\"og:description\" content=\"The Minister of Solids Minerals Development, Dele Alake has stated that a preliminary report by a German firm, GeoScan, indicated that Nigeria is sitting on several minerals worth $750bn. Speaking\" \/>\n<meta property=\"og:url\" content=\"https:\/\/angolanembassy-nga.ao\/?p=10216\" \/>\n<meta property=\"og:site_name\" content=\"Embassy of the Republic of Angola in Nigeria\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=100092410200459\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-30T06:54:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-30T06:54:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/angolanembassy-nga.ao\/wp-content\/uploads\/2024\/04\/Alake.png\" \/>\n\t<meta property=\"og:image:width\" content=\"650\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AngolaNigeria\" \/>\n<meta name=\"twitter:site\" content=\"@AngolaNigeria\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tempo estimado de leitura\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/angolanembassy-nga.ao\/?p=10216#article\",\"isPartOf\":{\"@id\":\"https:\/\/angolanembassy-nga.ao\/?p=10216\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/angolanembassy-nga.ao\/#\/schema\/person\/fe33e98708e2d28b3dcc95832c3003c7\"},\"headline\":\"Nigeria Sitting On $750bn Worth Of Solid Minerals \u2014 Alake\",\"datePublished\":\"2024-04-30T06:54:37+00:00\",\"dateModified\":\"2024-04-30T06:54:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/angolanembassy-nga.ao\/?p=10216\"},\"wordCount\":288,\"publisher\":{\"@id\":\"https:\/\/angolanembassy-nga.ao\/#organization\"},\"image\":{\"@id\":\"https:\/\/angolanembassy-nga.ao\/?p=10216#primaryimage\"},\"thumbnailUrl\":\"https:\/\/angolanembassy-nga.ao\/wp-content\/uploads\/2024\/04\/Alake.png\",\"articleSection\":[\"Business\"],\"inLanguage\":\"pt-PT\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/angolanembassy-nga.ao\/?p=10216\",\"url\":\"https:\/\/angolanembassy-nga.ao\/?p=10216\",\"name\":\"Nigeria Sitting On $750bn Worth Of Solid Minerals \u2014 Alake - 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