Business
Alake Woos Solid Minerals Investors
Joel Ajayi
In tandem with President Bola Ahmed Tinubu’s resolve to diversify the economy from a monolithic oil dependent one, the Ministry of Solid Minerals Development is making an audacious move of wooing foreign investors to the sub sector.
Towards the actualization of this, the Honourable Minister of Solid Minerals Development Dr. Dele Alake led a Nigerian delegation to Saudi Arabia with the mandate to lure the oil rich Kingdom to invest in the burgeoning Nigerian Solid Minerals sector.
The Nigerian delegation was recently in Riyadh, Saudi Arabia for a bilateral meeting with the Saudi Arabia Minister of Industry and Mineral resources Bandar AlKhorayef alongside his Vice Minister Mining Affairs, Eng Khaled AlMudifer.
The deliberation which was held on the sidelines of the Future Minerals Forum (FMF) is expected to attract huge investment to the Nigerian Solid Minerals Industry.
Speaking during the meeting, Nigerian Minister of Solid Minerals Dr Dele Alake affirmed” Nigeria has great potentials in natural resources.
“Our task is to explore, harness and diversify the economy through foreign partnership for solid Minerals. We are setting a long term, strategic Blueprint that will evolve into global economic growth for our country and the benefit of our great people.
” We believe the Saudis have the right attitude, resources and technology to make this dream a reality. President Bola Ahmed Tinubu is providing the needed support to direct Nigeria to a new trajectory of development. “
He concluded by assuring that a conducive environment will be provided for genuine investors to get good returns on their investments.
Business
Ministry of Arts, Culture and Creative Economy Presents Budget Performance Report to National Assembly
Joel Ajayi
The Ministry of Art, Culture, Tourism and Creative Economy has presented its budget performance report to the National Assembly, highlighting the ministry’s achievements, challenges, and future plans.
The report which was presented to the House Committee on Art, Culture and Creative Economy on Wednesday, detailed the ministry’s efforts to promote Nigeria’s cultural heritage, support the growth of the creative industry, and drive economic growth.
The ministry’s initiatives include developing a robust intellectual property policy, investing in infrastructure, and fostering collaboration with stakeholders.
The ministry’s budget performance presentation which highlighted its eight-point plan, initiatives such as Nigeria Destination 2030, skills development, policy frameworks, intellectual property protection, strategic partnerships, growth targets, digital transformation, and cultural heritage preservation was given a thumbs up by the House committee.
During the presentation, the minister, Barr Hannatu Musa Musawa highlighted the challenges faced by the ministry, including limited resources and infrastructure. Despite these challenges, she said that the ministry has made significant progress in promoting Nigerian culture and supporting the creative industry.
Musawa also emphasized the importance of collaboration and partnership in driving the growth of the creative industry.
“We cannot do this alone. We need to work together with stakeholders, including industry experts, international partners, and the National Assembly, to drive economic growth and job creation”.
The minister explained that the ministry’s initiatives are expected to have a significant impact on the creative industry, generating revenue, creating jobs, and promoting Nigerian culture globally. She stated that the ministry is also exploring ways to develop infrastructure, including a physical Bollywood-style destination, and creating a streaming platform to showcase Nigerian content.
“The ministry has also secured a grant from the French treasury to support infrastructure development, and is working to leverage international partnerships to drive growth in the creative industry” the minister said.
Earlier, the Permanent Secretary of the Ministry Dr Mukhtar Yawale Muhammed, MFR, mni. highlighted key achievements and budget performance in the sector as well as the ministry’s GDP contribution to the economy, tourism revenue accrued, and project implementation.
The Chairman, House Committee on Art, Culture and Creative Economy Hon. Gabriel Saleh Zok commended the ministry’s initiatives and expressed the Committee’s commitment to support the growth of the creative industry.
“We are here to access your budget performance and ensure effective utilization of funds appropriated. We expect to have a closer working relationship with the ministry”.
The interaction with the House Committee members provided insights into the Ministry’s efforts to drive economic growth and development through strategic initiatives and project implementation.
-
Featured6 years agoLampard Names New Chelsea Manager
-
Featured5 years agoFG To Extends Lockdown In FCT, Lagos Ogun states For 7days
-
Featured6 years agoNYSC Dismisses Report Of DG’s Plan To Islamize Benue Orientation Camp
-
Featured5 years agoChildren Custody: Court Adjourns Mike Ezuruonye, Wife’s Case To April 7
-
Featured4 years agoTransfer Saga: How Mikel Obi Refused to compensate me After I Linked Him Worth $4m Deal In Kuwait SC – Okafor
-
Sports3 years ago
TINUBU LAMBAST DELE MOMODU
-
News6 months agoZulu to Super Eagles B team, President Tinubu is happy with you
-
Featured6 years ago
Board urges FG to establish one-stop rehabilitation centres in 6 geopolitical zones
