FG Revokes 1,263 Mineral Licences to Clean Up Nigeria's Mining Sector
The Federal Government has revoked 1,263 mineral licenses across Nigeria due to non-payment of fees, aiming to clean up the mining sector and deter speculators. The Minister of Solid Minerals Development, Dele Alake, approved the revocation following the Nigerian Mining Cadastre Office's recommendation.
The move targets dormant licenses, including 584 Exploration Licenses, 65 Mining Leases, 144 Quarry Licenses, and 470 Small-Scale Mining Licenses. Alake emphasized the importance of paying annual service fees to demonstrate commitment to mining operations and discourage hoarding of licenses by speculators.
The list of defaulters has been handed over to the Economic and Financial Crimes Commission for further action.
Plus234Feed summary based on reporting from News Online Nigeria. Read the original report below.
Read full article
Continue on News Online Nigeria
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
FG Revokes 1,263 Mineral Licenses Over Unpaid Fees
Alake Boosts Security Amid Mining License Revocation Threats
Nigerian Ministry of Solid Minerals Development Faces Criticism Over License Revocations and Fee Defaults
FG: Nigeria Positioned as Globally Relevant Mining Hub
Nigerian Minister Defiant Against Threats to Mining Reforms
FG Shuts Down Illegal Gold Mining Site in Abuja to Prevent Hazards
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
