• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, June 6, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Nigeria, U.S commit to growth in energy transition, critical minerals – Alake

Minerals

The Matters Press by The Matters Press
December 1, 2023
Reading Time: 2 mins read
0
Nigeria showcases minerals to woo investors

Minerals

Abuja, Dec. 1, 2023: The Minister of Solid Minerals Development, Dr Dele Alake, says the Federal Government is more committed to the growth in energy transition and critical minerals in the country.

RELATED POSTS

Nigeria’s 3MTT gets boost as EU, World Bank back initiative

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

FCT ground rent!: Check your name if you own property

Alake, represented by Dr AbdulRazaq Garba, the Director-General, Nigeria Geological Survey Agency, said this during the 2023 Nigeria Energy Forum (NEF) day-two programme held virtually in Lagos on Thursday.

According to the minister, Nigeria is richly endowed with various mineral types that manifest in multiple occurrences all over the country.

“The goal of the present administration is to increase the mining sector’s contribution to the national Gross Domestic Product.

“Nigeria is investor ready. Today, there are local private players and government led programmes that have advanced exploration projects that fit the investment criteria of investors and junior miners.

“There are opportunities in minerals such as lithium, zinc, gold, tin, bitumen, niobium, chromite and other such minerals.

“Some of these minerals are very crucial in the manufacturing of renewable energy elements like the solar panels and batteries, thus positioning Nigeria as a major player in manufacturing and investments in this field,” he said.

Alake said the country was ready to work with junior miners and investors within a private sector led play.

“We are open to working with industry experts to strengthen our local mining knowledge and policies to bring us up to speed with more advanced mining nations,” he added.

Jordan Lachance, the Political and Economic Officer, U.S Consulate General, Lagos, said the shift to renewable energy sources transformed the global energy map.

“These geo-political trends will impact many interconnected issues, including the demand for critical minerals, the imperative to recycle batteries, the way we power our rapidly expanding economies and the electrification of transport.

‘The U.S shows keen interest in Nigeria’s success because in many respects, Nigeria’s success precedes the Africa success, and Africa’s success precedes the world success,” she said.

In her keynote speech, Caroline Emboubou, the Chief Executive Officer, All On, said “solar energy represented a unique proposition to help Nigeria attain its vast unmet energy needs.

“Nigeria is ideally placed to capitalise on technological improvements in the renewable energy sector and fulfil its energy needs through reliable, sustainable, and profitable solutions,” she said.

Also, the Group Chairman, NEF, Dr Daniel Adeuyi, said the 2023 July forum focused on ‘Energising Industrialisation and Sustainable Growth.’

Adeuyi noted that over 250 key stakeholders participated in the virtual event to exchange knowledge, originating investment deals valued at over $40 million and promoting innovations for maximising energy transition for growth.

He added that the NEF-2023 day-two featured the screening of a video documentary that highlighted how clean energy solutions were contributing to restoring economic productivity for over 20,000 people in Sagbokoji Island, Lagos.

According to him, this will improve livelihoods of women seafood processors, fishermen and children in coastal communities.

Also, Mr Adekunle Makinde, the Co-Chairman, NEF 2023, commended participants and companies that participated in the 2023 edition.

Makinde said the best six young energy entrepreneurs across Africa would be awarded cash grant prizes of about N4 million in the finals of the Africa Energy Innovation Competition.

He added that the event was supported by Get.Invest, Johnvents, Sahara, MOJEC, NDPHC, Jinko, Oando Clean Energy Limited, Sunking and Jubaili.

Tags: Minerals
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021
Economy/Technology

Nigeria’s 3MTT gets boost as EU, World Bank back initiative

June 6, 2025
Energy

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

June 4, 2025
Property owners besiege FCT office to pay ground rent
Economy/Technology

FCT ground rent!: Check your name if you own property

June 3, 2025
News

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

June 3, 2025
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

IMPI urges media to consider national interest in reporting security challenges

June 3, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
News

Malami’s opposition to Tinubu’s endorsement self-indicting – TDF

June 3, 2025
Next Post
NCC urges CSOs to safeguard telecoms infrastructure

SMEs key to employment, wealth creation – NCC

NERC declares meters free under mass scheme

Shettima inaugurates smart meter company in Anambra

Recommended Stories

Bids roll in for Ajaokuta Steel Company

China maintains stable grain production

May 12, 2023
Consumer commission, CBN, EFCC investigate violations in money lending

CBN urges banks to support indigenous companies

May 30, 2022
Buhari returns from Paris peace forum

Buhari returns from Paris peace forum

November 15, 2018

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigeria’s 3MTT gets boost as EU, World Bank back initiative
  • PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF
  • FCT ground rent!: Check your name if you own property

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us