General News
Expert urges Nigeria to maximise value from U.S mineral partnership
An investment expert, Mr Fife Banks, has urged Nigeria to leverage growing global demand for critical minerals to secure greater domestic value from its minerals partnership with the United States.
Banks, Chief Executive Officer of Brave Investment Global (BIG), made the call in an interview with the News Agency of Nigeria (NAN) on Sunday.
He spoke against the backdrop of the signing of a framework agreement on solid minerals development between Nigeria and the U.S.
NAN reports that the agreement was signed by the Minister of Solid Minerals Development, Mr Dele Alake, and the U.S. Deputy Secretary of State, Mr Christopher Landau, in New York on Wednesday.
The agreement is aimed at attracting American investment into Nigeria’s estimated 700 billion-dollar mineral sector and strengthening economic cooperation between both countries.
It is also expected to facilitate business-to-business transactions and strengthen Nigeria’s value-addition-driven mineral value chain.
Banks said the framework could create opportunities for private capital, but stressed that it should ultimately deliver mineral processing, technology transfer, jobs and increased participation by Nigerian enterprises.
He described the agreement as an enabling framework rather than an investment outcome, saying its significance would depend on how effectively Nigeria converted it into bankable projects.
According to him, the framework could catalyse investment in geological data and exploration, mineral development and processing, infrastructure and technical capacity.
He said Nigeria’s challenge had not simply been the existence of mineral resources but the conversion of its resource potential into credible, investment-ready and transaction-capable projects.
Banks said the government needed to identify viable projects, mobilise investment and build commercial partnerships capable of moving the sector from geological potential to actual production.
He urged Nigeria to ensure that foreign investment generated wider economic benefits through domestic processing and beneficiation, technology transfer, skills development, quality employment and Nigerian enterprise participation.
“Nigeria’s objective should be broader: attracting capital, certainly, but also retaining substantially more economic value through domestic processing and beneficiation, technology transfer, skills development, quality employment, Nigerian enterprise participation and downstream industrialisation,” he said.
Banks said Nigeria and the U.S. had interests that could be mutually beneficial if the partnership was properly structured and implemented.
He, however, cautioned that Nigeria could attract foreign investment into mineral extraction without securing sufficient economic benefits if the necessary institutional and commercial structures were lacking.
He said it was too early to determine how benefits would ultimately be distributed because the available information described a framework rather than detailed project-level commercial agreements.
“I will not yet describe the relationship as inherently skewed but describe it as structurally capable of becoming skewed if Nigeria negotiates and implements it poorly,” Banks said.
He identified ownership and control of geological data, allocation of mineral rights, processing and refining locations, local procurement and Nigerian enterprise participation as key issues requiring attention.
He also cited technology transfer, infrastructure development, environmental and community obligations, as well as the distribution of economic rents across the mineral value chain.
“Policy intent must now be translated into bankable projects, contractual obligations, investment incentives and measurable outcomes,” he said.
Banks said growing global competition for critical minerals could strengthen Nigeria’s negotiating position because of the resources’ importance to energy, advanced manufacturing and supply-chain security.
He urged the country to use competition among global capital providers, technology companies and markets to secure better long-term development outcomes.
According to him, the ultimate test will be whether the framework moves Nigeria from geological potential to investment-ready projects, capital commitments, operating assets and sustained domestic value creation. (NAN).
General News
Account for Nigeria’s N166.79trn debt before asking World Bank for $1.5bn loan, Atiku charges Tinubu

The African Democratic Congress, ADC, presidential candidate, Atiku Abubakar, on Monday, charged President Bola Tinubu to account for N166.79 trillion debt before borrowing $1.5 billion from the World Bank.
Atiku accused Tinubu of running a government that demands endless sacrifices from Nigerians while reaching endlessly for fresh loans.
In a statement issued by the Director of Strategic Communications of the ADC Presidential Campaign Council, Phrank Shaibu, Atiku said: “With public debt at N166.79 trillion, Tinubu is now seeking another $1.5 billion from the World Bank. The President must first account for the money already borrowed.”
Atiku said Tinubu’s record is an indictment of his economic stewardship, stressing that families are struggling to afford food, fuel and electricity, yet debt continues to climb.
“If Nigeria’s public debt were divided among everyone, each person’s share would be N716,822 today. Three years ago, it was N383,442. That is an 87 per cent increase.
“Tinubu has made today difficult and tomorrow more uncertain. He cannot keep loading debt onto the country and expect Nigerians to applaud programme titles. What has this government built? Who has benefited? Why should Nigerians trust him with another term in office?”
Atiku said the proposed $500 million facilities for climate resilience, social protection and early childhood development should address real needs.
He added: “But worthy programme names cannot stand in for a public account of how previous loans were spent or a clear plan for delivering measurable results.
“Before these loans are concluded, the government must publish the projects to be funded, the communities and citizens expected to benefit, the targets for each programme, the terms of borrowing and disbursement, and a timetable Nigerians can use to track delivery.
“Climate resilience must mean identifiable land restored, irrigation delivered and communities protected from flooding. Social protection must identify who receives support and when. Early childhood development must produce measurable gains in nutrition, healthcare and learning.”
Atiku also challenged the government to reconcile its appetite for borrowing with its repeated claims of higher revenue and savings from petrol subsidy removal.
“If more money is coming in, why does the debt keep climbing? If Nigerians have sacrificed so much, where are the results? A government cannot keep announcing savings, signing loans and asking the same struggling families to wait for relief,” the ex-Vice President said.
General News
Resident doctors issues two-week strike ultimatum over unmet demands

The National Association of Resident Doctors (NARD) has issued a two-week ultimatum to the federal government to resolve outstanding welfare and professional issues affecting its members.
At its 46th annual general meeting on Sunday in Calabar, Cross Rivers state, NARDS warned that failure to resolve outstanding issues could trigger industrial action.
According to the resolutions read by Ogar Emmanuel Idoko, its national president, NARD expressed concern over the slow pace of implementation of agreements reached between the association and the federal government.
The association said that prolonged delays had become unacceptable.
They demanded immediate action on outstanding issues relating to remuneration, career progression, professional allowances, excessive workload, manpower shortages and the general welfare of resident doctors.
It called for “the immediate implementation of agreements reached with the federal government, particularly those relating to improved conditions of service and professional development”.
“The government concluded the review of existing remuneration and professional salary structures for doctors, saying the current framework no longer adequately reflected prevailing economic realities,” the resolution reads.
The association demanded appropriate compensation for excess workload arising from manpower shortages in hospitals.
It noted that resident doctors are increasingly carrying additional responsibilities.
NARD called for standardised templates for compensation for excess workload and reliable data to justify payments to doctors performing duties beyond their normal responsibilities.
It expressed concern over attacks on health workers and called for the full implementation of policies and anti-assault measures designed to protect doctors and other medical personnel in hospitals.
It further raised concern over the continuing migration of doctors and other health professionals from Nigeria..
The association urged the federal ministry of health and social welfare to urgently address the factors responsible for the continued migration of medical professionals.
The association called on state governments to prioritise the welfare of doctors and other health workers employed by their respective institutions and ensure the implementation of relevant welfare policies.
General News
2027 Elections: INEC chairman vows neutrality

Prof Amupitan
By Our Reporter
The Chairman of the Independent National Electoral Commission, Prof. Joash Amupitan, SAN, has assured Nigerians that the commission will remain neutral in the conduct of the 2027 general elections.
Amupitan said INEC had no preferred candidate or political party, stressing that its responsibility was to uphold the will of Nigerian voters.
He spoke during a visit to the Emir of Zazzau, Amb. Ahmed Nuhu Bamalli, in Zaria, Kaduna State, as part of the commission’s ongoing stakeholder engagement and preparations for the 2027 elections.
The visit was also linked to INEC’s zonal readiness assessment and planned interactive engagement with its staff as the commission intensifies preparations for the nationwide polls.
Amupitan described traditional institutions as important stakeholders in the electoral process, citing their influence and reach across communities.
He said elections were fundamentally about the relationship between citizens and those entrusted with public office, adding that public confidence was
According to the INEC chairman, the commission began preparations early because of the scale and complexity involved in conducting elections across Nigeria.
He said INEC had moved away from last-minute preparations and was already testing, auditing and strengthening its operational systems ahead of the 2027 polls.
Amupitan assured the Emir that the electoral body remained committed to neutrality, fairness and transparency.
“We have no candidates, we have no political party, we have no interest other than the sovereign will of the people of Nigeria,” he said.
The INEC chairman also urged traditional rulers to continue playing a role in promoting peaceful participation and responsible conduct ahead of the elections.
In a separate appeal during the visit, Amupitan said elections should not be treated as a do-or-die affair, urging political parties, candidates and their supporters to embrace peaceful and issue-based campaigns.
He also called on traditional institutions to discourage young people from being used for political violence and thuggery, while encouraging eligible citizens to participate actively in the electoral process.
Amupitan said INEC would continue engaging traditional rulers and other stakeholders as preparations for the 2027 general elections progress.
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