Nigeria’s solid mineral deposit worth over $700bn – Dele Alake (

Nigeria’s solid mineral deposit worth over $700bn – Dele Alake


The minister of solid minerals development, Mr. Dele Alake has said Nigeria’s solid mineral is valued at over $700billion and the country is well placed to meet the global demand for critical solid minerals.

The minister said despite being behind other African countries in mining, Nigeria’s mineral deposit is valued at over $700 billion with huge potential for increase. 

Alake spoke on Wednesday on the sidelines of the ongoing United Nations General Assembly (UNGA) in New York.

He pointed out that the need for the world to reduce its carbon footprints and engage in ESG activities will lead to increased demand for some of the solid minerals Nigeria possesses.

Alake said lithium-hosted pegmatite rocks can be found in Nasarawa, Kwara, Oyo, Abuja, and Kebbi among others, adding that graphite is found in Kaduna.

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