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 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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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

The post Dele Alake Advocates for Mining Development Banks Led by CEOs first appeared on Nigerian Mining News.