The Nigerian Federal Government aims to rejuvenate the economy through global mining partnerships. Minister of State Finance, Dr. Doris Uzoka-Anite, represented Nigeria at the Future Minerals Forum (FMF) in Riyadh, highlighting the country’s rich resource wealth and readiness for collaboration with investors. She stated, “With our rich resource base and a renewed focus on innovation, sustainability, and investment, we are positioning Nigeria as a leader in the global minerals and energy landscape.’

Uzoka-Anite, accompanied by Minister of Solid Minerals, Mr. Dele Alake, showcased Nigeria’s openness to business at the FMF. The forum attracted over 14,000 participants from 178 countries, allowing Nigeria to present its resource potential to the global community. This initiative aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda to stimulate economic growth through strategic partnerships.

Manga reported that the FMF has been pivotal for Nigeria in promoting economic advancement via mining collaborations. The Minister had discussions with Saudi officials and industry leaders, presenting Nigeria’s mining sector as an attractive investment destination. A joint session with the Saudi Ministry of Energy explored partnership opportunities in energy and mining, reinforcing Nigeria’s appeal as a preferred partner.

These engagements are aimed at strengthening economic ties between Nigeria and Saudi Arabia while highlighting Nigeria’s untapped resource potential. The Federal Government is committed to fostering partnerships that drive investment and innovation in the mining sector, welcoming global investors to explore these opportunities.

The article discusses Nigeria’s efforts to enhance its economy through international mining partnerships. It illustrates the government’s active participation in global forums to attract investments. The emphasis is on collaboration, resource management, and solidifying Nigeria’s position as a leader in mining and energy sectors, reflecting a strategic approach to economic revitalization.

The Nigerian government is prioritising global partnerships in mining to stimulate economic growth, backed by the participation of top officials at international forums. Efforts to showcase Nigeria’s resources are coupled with a commitment to innovation and sustainability, inviting international investors to explore and invest in the country’s mining sector. This approach is part of a broader initiative to enhance economic prospects through collaborative efforts.

Original Source: tribuneonlineng.com

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The Nigerian federal government will launch a television drama series entitled ‘Hidden Riches’ on January 25, 2025. Announced by the Minister of Solid Minerals Development, Dele Alake, the series aims to explore the intricate dynamics of Nigeria’s mining industry. It will focus on the potential economic transformation via mineral resources, addressing the interactions between miners, politicians, activists, and citizens. Directed by Bem Pever and Nwamaka Chikezie, the show will air weekly on NTA every Saturday from 8:05 pm to 8:30 pm. The narrative aims to inspire viewers to engage in building a more sustainable future through an understanding of their country’s mineral wealth.

This television series emerges as part of Nigeria’s broader initiative to diversify its economy beyond oil reliance. Mining presents significant potential for growth and development, which the government aims to capitalise on through storytelling that reveals the underlying complexities of the sector. By focusing on the relationships and conflicts within the mining community, the series intends to foster a deeper societal engagement with this critical industry.

‘Hidden Riches’ is positioned as a significant cultural project that blends entertainment with educational insights into Nigeria’s mining sector. Its weekly broadcasts aim to shine a light on both the challenges and opportunities present in mining, reflecting the government’s commitment to economic diversification and sustainable growth. By leveraging popular media, the initiative seeks to encourage public involvement in the sector’s development.

Original Source: www.thecable.ng

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The Nigerian Ministry of Solid Minerals Development has announced the launch of a new TV drama series titled ‘Hidden Riches’. This series aims to explore the intricacies and potential of Nigeria’s mining industry, showcasing the lives of miners, politicians, activists, and everyday Nigerians as they confront various challenges. The narrative intends to shed light on how solid minerals can drive sustainable economic growth in Nigeria. Featuring prominent actors like Sydney Diala and Lara Owoeye-Wise, it will air weekly from January 25, 2025, on NTA, at 8.05pm.

The initiative of the ‘Hidden Riches’ drama series stems from the Nigerian government’s push to highlight the importance of the mining sector in economic development. The drama aims to engage the public and create awareness regarding the vast mineral resources in Nigeria. As the country looks to diversify its economy, solid minerals are seen as pivotal in achieving sustainable growth and resource management.

The debut of ‘Hidden Riches’ represents a significant step in showcasing Nigeria’s mining potential and its role in economic transformation. By intertwining the stories of diverse characters, the series aims to raise awareness about mining opportunities and encourage public participation in resource management.

Original Source: blueprint.ng

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The Nigerian federal government is launching a drama series focused on the mining sector, titled ‘Hidden Riches’, set to premiere on January 25, 2025. Minister of Solid Minerals Development, Dele Alake, described the series as an exploration of the complexities surrounding Nigeria’s mining industry, including its potential for economic transformation. Directed by Bem Pever and Nwamaka Chikezie, the show will air weekly on Saturdays at 8:05 pm on NTA’s Network Service.

The narrative follows the lives of miners, politicians, activists, and everyday Nigerians facing various challenges in tapping into the country’s mineral wealth. Alake emphasised that this initiative aligns with President Bola Tinubu’s strategy to diversify Nigeria’s economy and will foster public engagement towards a sustainable future. The series will feature actors such as Sydney Diala and Lara Owoeye-Wise.

Nigeria’s mining sector is seen as a vital area for economic growth and development, yet it remains untouched due to many complexities including political dynamics and resource management. The government’s initiative to produce a television series aims to raise awareness of these issues while highlighting the industry’s potential. Such projects may reflect broader economic goals, particularly in diversifying Nigeria’s economic base, reducing reliance on oil, and promoting resource management against the backdrop of ongoing challenges in the sector.

The premiere of ‘Hidden Riches’ serves as a strategic move by the Nigerian government to shine a light on the mining sector’s potential while encouraging civic engagement. By showcasing the intricate relationships and dynamics within the industry, the series aims to stimulate interest and discussion around the sustainable development of Nigeria’s mineral resources, fitting into the larger agenda of economic diversification under President Tinubu.

Original Source: lifestyle.thecable.ng

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The Nigerian government has officially lifted its 2019 ban on mining in Zamfara State, citing improved security conditions. Minister Dele Alake has emphasised the state’s significant mineral wealth, including gold, lithium, and copper, and the government’s commitment to regulating mining to prevent illegal operations. This policy shift is expected to increase national revenue while promoting sustainable growth in the mining sector.

In 2019, a ban was imposed on mining activities in Zamfara to address rampant insecurity and illegal mining. Following notable improvements in the state’s security situation, the government decided to lift the ban, recognising Zamfara’s potential for rich mineral resources, which can significantly contribute to the economy. The renewed focus on regulation aims to curb illegal mining, enhance revenue collection, and attract investment in the sector.

The lifting of the mining ban in Zamfara is a crucial development for Nigeria’s economy. Not only does it aim to control illegal mining, but it also seeks to unlock the state’s mineral resources for national gain. The government’s additional plans for 2025 further indicate a commitment to creating a more sustainable and investor-friendly mining environment.

Original Source: nigerianbulletin.com

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Dr. Dele Alake, Nigeria’s Minister of Solid Minerals Development, highlighted that current reforms aim to elevate Nigeria to a global mining hub during the 2024 Nigeria Mining Week. He stressed government efforts to enhance the sector, promote investment, and sanitise mining through various measures. The upcoming Nigeria Solid Minerals Corporation aims to enhance partnerships for joint ventures, while initiatives against illegal mining have seen over 300 arrests. Establishing 250 artisanal mining cooperatives, he hopes to strengthen regulation. The Federal Government plans a multi-agency Mining Marshals squad for effective oversight using satellite technology. Furthermore, a new Centre of Excellence within the ministry will leverage data analytics for informed policymaking. President Bola Tinubu’s administration supports these reforms to establish Nigeria as a leader in responsible mining practices.

The Nigerian government is focusing on revitalising its mining sector to become a key player globally. This involves tackling illegal mining, promoting formal cooperative structures for artisanal miners, and enhancing investment climate through corporate reforms. The establishment of a Centre of Excellence aims to integrate advanced technologies in decision-making processes, ensuring well-informed policies and accountability in resource management. Such reforms are positioned to contribute significantly to Nigeria’s economic growth agenda.

In summary, Nigeria’s efforts to transform its mining sector under Dr. Alake’s leadership are focused on creating a reputable industry framework that fosters investment and curbs illegal activities. With the imminent establishment of a corporate entity and advanced monitoring capabilities, Nigeria is poised to enhance its global standing in mining. Support from the government further reinforces these initiatives, marking a significant shift towards responsible mining practices that underpin the nation’s economic aspirations.

Original Source: tribuneonlineng.com

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The Tinubu Stakeholders Forum (TSF) has applauded the opening of Nigeria’s first mineral analysis laboratory located in Sabon-Wuse, Niger. In a statement, TSF leadership expressed that this initiative marks a significant milestones for the country’s mining sector, aligning with President Bola Tinubu’s Renewed Hope Agenda. The laboratory aims to eliminate the need for overseas mineral testing and enhances local value addition in the mining industry.

TSF highlighted that the facility, backed by the Federal Government and African Natural Resources and Mines Ltd., is equipped with advanced WDXRF technology, offering extensive geochemical services to bolster Nigeria’s global competitiveness in mining. The group commended Minister of Solid Minerals Development, Dr. Dele Alake, for his leadership in achieving this development, which promises to create jobs and foster private sector investment.

TSF urged mining stakeholders to take full advantage of this new facility, believing it would stimulate sustainable growth and enhance investor confidence within the sector, thereby overcoming operational challenges faced by mining companies.

The establishment of Nigeria’s first mineral analysis laboratory signifies a major advancement in the country’s mining sector, aiming to facilitate local mineral testing and reduce reliance on international services. This facility, part of the Federal Government’s commitment to developing the country’s natural resources, supports a broader agenda to reinforce Nigeria’s status in the global mining landscape. With its state-of-the-art technology, the laboratory intends to enhance the efficiency and efficacy of geochemical analyses necessary for mineral exploration and extraction.

The inauguration of Nigeria’s first mineral analysis laboratory is a pivotal development for the mining sector, promoting local testing and value addition. TSF believes that this facility will not only generate jobs and attract investments but also position Nigeria as an influential player in the global mining arena. Stakeholders are encouraged to collaborate with the government to maximise the potential of this resource.

Original Source: nannews.ng

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On Wednesday, the House of Representatives advanced a bill aimed at enhancing funding for mineral exploration and extraction in Nigeria through public-private partnerships. Lanre Okunola, the bill’s sponsor and representative for Surulere II, Lagos State, argued that the legislation would modernise the mining sector by securing investment and promoting sustainable practices. The proposed framework is designed to create a mining public-private partnership programme, facilitating the integration of private capital and expertise in the industry. The focus includes diversifying the economy beyond oil dependency while attracting local and international investors.

The bill establishes a Technical Management and Advisory Council to oversee mining activities and ensure adherence to sustainable practices, including site rehabilitation post-mining. A Mining PPP Coordinator will be tasked with policy formulation, operational supervision, and performance reporting, which will be submitted annually to the President. Okunola emphasised the transformative potential of the bill, highlighting benefits like job creation, economic diversification, and enhanced global competitiveness.

The proposed bill highlights the urgent need for Nigeria to diversify its economy away from oil dependence and explore its rich mineral resources. By establishing a framework for public-private partnerships, the government aims to attract investment and expertise necessary for sustainable development in the mining sector. Initiatives like the Technical Management and Advisory Council will support strategic oversight to enhance operational efficiency and environmental responsibility, thus aligning industry practices with global standards.

The approval of the mineral exploration funding bill signals a strategic move towards revitalising Nigeria’s mining sector through public-private partnerships. By securing private investment and expertise, Nigeria can harness its vast mineral resources to drive economic growth, create jobs, and improve sustainability practices. Overall, this legislative effort aims to position Nigeria as a competitive player in the global mining landscape.

Original Source: punchng.com

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Segilola Resources Operating Limited (SROL), a subsidiary of Thor Explorations Ltd, engaged stakeholders in the gold mining sector to reinforce its leadership in the industry. On November 19, 2024, SROL held a Stakeholder Reception in Abuja, gathering key players from various organisations, including the Minister of Industry, Trade, and Investment, Jumoke Oduwole. The reception followed SROL’s participation as a Diamond Sponsor at Nigeria Mining Week.

During the event, Chris Omo-Osagie, Thor’s Chief Financial Officer, highlighted the company’s achievements, such as being named one of Nigeria’s Top 10 Non-Oil Exporters and receiving the Responsible Resourcing Award for Labour. “These achievements underscore our dedication to innovation, sustainability, and community impact,” he stated. SROL Country Manager Austin Menegbo reiterated the company’s commitment to environmental, social, and governance principles, noting that responsible mining is central to its operations.

Oduwole commended SROL’s vital role in Nigeria’s economic diversification, highlighting the importance of non-oil exports. SROL also received recognition as a Presidential Enabling Business Environment Council Export Champion for its dedication to national development. During a panel discussion, SROL showcased its community initiatives, including healthcare provision and educational support, reaching nearly 2,000 individuals through their medical outreach this month.

Menegbo concluded by emphasizing SROL’s commitment to responsible mining practices in Nigeria. The company expressed gratitude to its stakeholders and reaffirmed its goal to drive progress in the mining sector.

Segilola Resources Operating Limited aims to establish itself at the forefront of Nigeria’s gold mining industry while promoting responsible mining and community development. By engaging stakeholders and demonstrating its commitment to social initiatives, SROL seeks to balance profitability with community welfare and environmentally sustainable practices. This event reflects broader trends within the industry where collaboration and accountability are increasingly important.

SROL has made significant strides in establishing itself as a leader in responsible gold mining in Nigeria. Through strategic stakeholder engagement, recognition of outstanding achievements, and community support initiatives, the company demonstrates its commitment to sustainable practices and economic diversification in the country. SROL’s proactive approach sets a benchmark for others in the industry to follow, reinforcing the importance of corporate responsibility in mining operations.

Original Source: punchng.com

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Dele Alake, Nigeria’s Minister of Solid Minerals Development, has urged mining companies to spearhead the creation of mining development banks. Speaking at a CEO roundtable during Nigeria’s 2024 Mining Week, he stressed the importance of a private-sector-driven initiative to reduce government involvement, ensure sustainability, and facilitate long-term financing for the industry. Alake reassured CEOs of the government’s commitment to removing operational obstacles and enhancing investment opportunities in the sector.

Alake reaffirmed the federal government’s position against state-level interference in mining, stating that mining falls under exclusive legislative authority. He encouraged states to actively engage in local mining initiatives by applying for mining licences and operating as limited liability companies. Alake noted the successful adoption of this framework by several states, resulting in approved licences for compliant applicants.

To enhance investment conditions, the minister highlighted plans for a mining infrastructure corridor, with inter-ministerial collaboration already initiated. He urged ongoing cooperation from mining executives to support reforms, including a review of the sector’s rates regime. Alake expressed confidence in the necessity of these changes for fostering a sustainable mining environment in Nigeria.

The establishment of mining development banks in Nigeria is part of an initiative to revitalize the mining sector and promote private sector involvement. The Nigerian government recognises the importance of reducing bureaucratic obstacles and encouraging sustainable investment. By outlining a clear role for mining companies, the government aims to create a productive context for growth within the industry while addressing concerns about state interference in mining operations.

Minister Dele Alake’s call for mining companies to establish development banks reflects Nigeria’s strategy to foster sustainable growth in the mining sector through private sector engagement. The government’s commitment to removing operational barriers and preventing state interference aims to attract investment and enhance the overall framework for the industry. This initiative, along with plans for a mining infrastructure corridor, seeks to create a conducive environment that supports long-term development and resilience in Nigeria’s mining landscape.

Original Source: www.thecable.ng

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