The Federal Government, through the Ministry of Solid Minerals Development, has unveiled plans to revise the rates of mining licences and other fees paid by mining operators across the country. This initiative, aimed at bolstering the mining sector’s effectiveness, was revealed during a consultative meeting with stakeholders in Abuja.
Minister of Solid Minerals Development, Dele Alake, emphasized the necessity of the review to strengthen the government’s capacity to reposition the mining industry and generate more revenue. He underscored the importance of creating an enabling environment for mining operations while fulfilling government obligations.
Alake solicited support from stakeholders for the proposed increase in fees for mining licenses and other related charges. He highlighted ongoing reforms designed to sanitize the mining environment, combat illegal mining activities, and protect legitimate miners.
The Minister emphasized the government’s commitment to due process, particularly in the recent revocation of dormant mining licenses. He reassured affected operators of a 30-day restitution window, offering an opportunity for resolution.
Media Talk Africa recalls that the Ministry had announced specific restitution fees for revoked dormant licenses, including those previously revoked due to default in payment of annual service fees.
In response, the President of the Miners Association of Nigeria, Dele Ayanleke, lauded the Minister’s efforts in revitalizing the mining sector. He expressed support for ongoing reforms and the proposed review of fees, urging consideration for the challenges faced by miners to ensure affordability.
The consultative meeting underscores the collaborative approach between the government and stakeholders in driving sustainable growth and development in the mining industry.
