Dele Alake

The Minister of Solid Minerals Development, Dele Alake, has urged mineral-rich African countries to use the proven mineral reserves of their countries as equity in joint ventures, instead of taking loans that worsen the plight of their people. Speaking at a Ministerial Roundtable on Powering Africa in Washington DC recently, Mr Alake deplored unwholesome pressure on African governments by loan marketers despite global concerns over the declining capacity of many countries to settle their debts. The minister said,…

Minister of Solid Minerals Development, Dele Alake, says Nigeria has comprehensive data on its Lithium reserves, available at the Nigerian Geological Survey Agency for investors to peruse. The minister made the disclosure in Doha, Qatar on Saturday, at a meeting with Qatari businessmen on the sidelines of the visit of President Bola Ahmed Tinubu to the Arab country. In a statement by his Special Adviser, Kehinde Bamigbetan, Mr Alake said that mineral exploration initiated by the Federal Government identified…

The lion’s share of a state-backed solid minerals company, currently in the works, will go to private investors and the public who will be able to own not less than three-quarters of its shareholding. While the government will hold up to 25 per cent in the so-called Nigerian Solid Minerals Corporation, the public will hold the same proportion of stake, while the rest is planned to be owned by private investors, Minister Dele Alake told a conference arranged by BusinessDay in Abuja on Tuesday. The idea is to make…

The lion’s share of a state-backed solid minerals company, currently in the works, will go to private investors and the public who will be able to own not less than three-quarters of its shareholding. While the government will hold up to 25 per cent in the so-called Nigerian Solid Minerals Corporation, the public will hold the same proportion of stake, while the rest is planned to be owned by private investors, Minister Dele Alake told a conference arranged by BusinessDay in Abuja on Tuesday. The idea is to make…

The Nigerian government said Tuesday it will revoke the licences of mining companies over failure to sign Community Development Agreements (CDA). The Minister of Solid Minerals Development, Dele Alake, disclosed this while speaking at the BusinessDay Media Solid Minerals Conference, held in Abuja. “This year I am using this opportunity to sound a note of warning. Any company that fails to sign their community development agreement stands the risk of having its licences revoked,” Mr Alake said. The Ministry of…

The Nigerian government said Monday it will revoke more mining licences of defaulting firms. Segun Tomori, the special assistant on media to the Minister of Solid Minerals Development, Dele Alake, disclosed this in a statement on Monday. According to the statement, Mr Alake disclosed this in his New Year goodwill message to Nigerians. “It will be recalled that we had revoked 1,633 mining licenses of those that defaulted in the payment of annual service fees last year. More revocation is in the offing for other…

The federal government, through the Ministry of Solid Minerals Development, is exploring collaboration with the World Bank to unlock financing and technical support for the development of the mining sector. Speaking during a courtesy visit to the minister, Dele Alake, on Monday, World Bank Country Director for Nigeria, Shubham Chaudhuri, expressed satisfaction with the renewed focus on the development of the nation’s mineral resources by the Tinubu administration. Mr Chaudhuri stated that with the preponderance…