The Phantom Wealth of States

The Phantom Wealth of States

Fresh economic disclosures on subnational finance reveal an enduring paradox of the Nigerian federation. States endowed with vast deposits of critical minerals, lithium, tantalite, gold, lead, zinc, and rare-earth elements, continue to record near-negligible figures for internally generated revenue (IGR). From the lithium-heavy corridors of Nasarawa and Kwara to the goldfields of Osun and Zamfara,…

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African Nations Push Back Against Raw Mineral Exploitation

African Nations Push Back Against Raw Mineral Exploitation

African governments are systematically rewriting the extractive bargain by demanding local processing of their natural resources. From Kenya to Ghana and Mali, states increasingly insist that critical minerals undergo domestic refinement before export. This policy shift targets rare earths, lithium, graphite, copper, and nickel. The global energy transition has triggered an insatiable demand for these…

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