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Nigeria’s Sports Minister, Dare, holds Tripartite meeting with Algerian, Egyptian Counterparts

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Nigeria’s Minister of Youth and Sports Development Mr Sunday Dare on Tuesday in Abuja held a Tripartite meeting with his counterparts from Algeria and Egypt on how to foster mutual benefits among their countries.

The meeting formed part of activities marking the 40th anniversary of the Association of National Olympic Committees in Africa (ANOCA) taking place in Abuja..

Speaking during the meeting, Dare said, “When I visited Egypt some three months ago, we had a joint meeting where we reviewed youth and sports development programmes of our countries and explored common areas we can leverage on . We have spent the past few weeks trying to see which areas can be best explored. We agreed that he would either come to Abuja or I would visit Cairo.Gladly, he has come to Abuja and we want to warmly welcome him.

“It is also so important to welcome the Minister of Youth and Sports Development from Algeria who was the Chairman of the Anti Corruption War in Algeria, the equivalent of our EFCC chairman before he became the Minister.

“The population of Youth in Africa, Nigeria, Algeria, Egypt is growing in leaps and bounds. These youth need to be engaged either by giving them employment, or by keeping them busy through sports and competitions, providing them finance to start their own businesses or by simply ensuring that we give them the digital skills that they need. So, for youth development there are four critical areas; Digital Skills and Digital Literacy for the digital economy for the 24th century. How do we operate this aspect because we have that challenge and I am sure we will know whether it’s the same challenge.

“The youths are restless, if they are not engaged in productive activities, they go on riot, go into drug abuse and other vices. We see sports as a tool for unity and tool to keep the youth busy. We believe that when a youth goes to practice wrestling in the morning, does same in the evening all he wants to do is to eat dinner and sleep. But when he sits in the morning, 14 hours everyday doing nothing, he can be recruited for protest or recruited for any kind of vices. Sports can be used as a tool to promote peace and unity

“Thirdly, there is the need to empower our youth, give them the finance and the resources they need to become self-employed, to become entrepreneurs and wealth creators.

“Government can no longer employ all the youth. Government jobs are not available but the youth have problems with banks to access loans where the interest rate in this country is about 21-24% . In Nigeria, we were able to establish the youth investment fund at an interest rate of 5% single digit, the lowest and we think that would help to turn our youths to entrepreneurs. I think these are the key major areas. I can provide another example when it comes to sports. It is important that we have inter-country tournament and championship beyond what we do in Nigeria, Egypt, Algeria and Morocco. We can come together and organise a Volleyball Tournament, or an Athletics Championship. It’s miniature skills but it’s impactful. In athletics, some points could be gained and ranking improved. We can even organize football matches; we just did a six -Nation football tournament which the FIFA and CAF presidents came. It had six top women football countries in Africa participate and it was an exciting time where they also got points for participating.

“Also, we can look at youth exchange, our youths love to travel, sadly some of them travel illegally. We can have them make this travel legally and be more impactful. We will design a youth exchange programme between our countries. From Egypt and Algeria we may have 50 youths selected by Egyptian Ministry or the Algerian Ministry have a programme in Nigeria which they will fit into, whether it is a Sports event, digital skill or entrepreneurship skills program. We can even start with 10 youth for a month exchange program. That was the practice in the past but it stopped. But youths in Algeria, Egypt and Nigeria want the same thing. They want jobs, capital to start businesses, they want to build a career, they want government to support them and set them on the path of progress. I think these are the critical areas we can work on. We will mention the programs that we have, but the MOU will look at the four critical areas. We start to look at what programme does Egypt, Algeria or Nigeria have in sports that are alike and design such programs as a module for the youth of our country.

In his response, the Algerian Youth and Sports Minister Abderezak Sebagag said, “I wish to thank the Minister of Youth and Sports Development from Nigeria and Egypt.

“Concerning the developmental policy that we want to engage our youth in our respective countries, especially the aspect of improving their digital skills, we have a volunteer program in Algeria.

The Egyptian Minister of Youth and Sports Development, Dr. Ashraf Sobhi also affirmed, “We as a Ministry, we will work as one country in an effort to develop youth and sports in Africa. With the scheme from the Honourable Youth and Sports Minister from Nigeria , we can seek how to work together.

“We should use our roles and positions as Ministers of youth and sports to promote our vision and development. If we work together, our development and plans can become reality”

“We look at the sports part of the youth activities, we look at sports as a leisure, as recreation, as competition and tournament. Actually we have to look at Sports as a product to shield the youth from vices in their society. In Egypt, we have a full strategy merging youth and sports. Basically we use sports development to aid education till 2052.

“We are developing our premises, which means we are developing our facilities and sports facilities because without good facilities we can’t actualize our plans for the future”, he concluded.

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Alake Inaugurates Nigeria-US Solid Minerals Committee, Dismisses $700bn Claim, Says No Assets Sold

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Joel Ajayi

The Minister of Solid Minerals Development, Dr. Dele Alake, on Tuesday inaugurated the Nigeria-United States Committee on Strategic Cooperation in the Solid Minerals Sector in Abuja, dismissing reports that Nigeria sold $700 billion worth of solid minerals to the US.

The inauguration followed the strategic cooperation framework established between Nigeria and the United States during the 81st United Nations General Assembly in New York.

In a statement issued on Wednesday by the Head PRESS and Public Relations Department Mrs. Kania Maliki Andeyaba stated that, Alake in the Memorandum of Understanding, MoU, signed with the US is a government-to-government platform to facilitate business-to-business engagements between American investors and Nigerian local operators, not a sale of assets.

Harping on the importance of the solid minerals sector to President Bola Ahmed Tinubu’s economic diversification agenda, he noted that the administration was committed to reducing dependence on a mono-product economy through the sustainable development of Nigeria’s vast mineral resources.

According to him, the Nigeria–US partnership as a strategic initiative to attract investment, promote technology transfer, strengthen local mineral processing and create employment opportunities.

“There is no sale of any Nigerian asset. There’s nothing exchanging hands,” Alake declared.

“We created a platform to facilitate mingling of US investment ventures with Nigeria’s local operators. It is in the public domain. We signed it in public and published it in four or five national newspapers.”

The Minister said reports claiming the US was coming to take over Nigeria’s minerals and security architecture were untrue at best and products  of riotous imagination  at worst.

Explaining the policy thrust, Alake said Africa has historically held the short end of the stick in global economic transactions, and Nigeria is determined to change that model.

“We have the resources, the critical elements the world needs to transit to clean energy. So we are creating a new paradigm — you bring your capital, expertise and technology, to match with our natural resources and create a win-win situation . The investor gains, Nigeria gains.’’he said.

Nigeria, he stressed, had operated a mono-cultural economy dependent on oil, while solid minerals were exploited informally — with ores taken “from pit to port” without value addition.

Alake said government has now made local processing mandatory, refusing to grant mineral titles to investors without a clear pathway to processing in Nigeria.

He said the policy led to the springing up of processing factories, including the largest lithium processing plant in West Africa commissioned recently in Nasarawa by the Vice President, and informed the formation of the African Minerals Strategy Group.

Alake noted that investor confidence has returned due to macro-economic reforms by President Bola Tinubu that guarantee security of tenure and repatriation of profits.

He charged the committee to discharge its assignment responsibly, saying its work is strategic to achieving the President’s $1 trillion economy target.

To this end, he told the Committee to ensure effective coordination, identify investment opportunities and translate the framework into measurable outcomes capable of positioning Nigeria as a competitive player in the global solid minerals industry.

In his welcome address, Permanent Secretary of the Ministry, Engr. Faruk Yusuf Yabo, said the inauguration translates growing bilateral engagements into a structured framework for practical cooperation and investment mobilization

Economic Officer at the US Embassy, Jonathan Baas, said President Donald Trump has prioritized three areas for US embassies — energy, artificial intelligence/super intelligence, and critical minerals.

Baas said Washington’s direction is to work with partners to secure critical supply chains while ensuring partners capture value.

“We just signed a contract today on looking into building AI data centres in Nigeria at the Nigerian Economic Summit. That’s the direction Washington wants us to go,” he said.

In his vote of thanks, CEO/Managing Director of Nigeria Solid Minerals Company, NSMC said that the committee

is expected to coordinate implementation, facilitate investment and monitor progress towards achieving the objectives of the Nigeria–US cooperation framework.

The inauguration reinforces the Federal Government’s commitment to repositioning the solid minerals sector as a key driver of economic diversification, industrial development and national prosperity under President Tinubu’s Renewed Hope Agenda.

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