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Home Economy/Technology

Revival of mining sector causes increase in licensing fees in Nigeria

Mining

The Matters Press by The Matters Press
May 19, 2025
Reading Time: 1 min read
0
Nigeria suspends mining in Zamfara

Mining

The Tinubu Media Volunteers (TMV) has applauded the Minister of Solid Minerals Development, Mr Dele Alake, for revolutionising the solid minerals sector in the country.

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In a statement signed by its Chairman, Chukwudi Enekwechi, TMV argued that the minister has succeeded in breathing life to an all-important sector that had over the years not lived up to its potential.

The statement read in part, “Before Alake emerged as the minister of Solid Minerals Development, the ministry was dormant and rarely recorded any achievements.

“We are therefore gratified that on his watch, the Ministry has performed optimally in the last year as it diligently implements President Tinubu’s reform agenda in the sector.

“We believe that with the implementation of the President’s Renewed Hope Agenda by the minister, the future of the mining sector in Nigeria is very bright.

Furthermore, the aggressive revenue generation by the ministry will create room for sustainable economic development in the country and job creation for our teeming youths.

“We believe that through rigorous regulation and enforcement, the solid minerals sector will contribute meaningfully to the country’s Gross Domestic Product (GDP).

“We also note that towards the realisation of this goal, the ministry had set up the Mining Marshalls as the enforcement wing and has in the last year made remarkable strides in restoring sanity to the sector.

“We therefore consider the generation of 6.7 billion naira from mining license fees as not only novel but very encouraging news coming from the sector.”

The group added that it further shows the huge potential inherent in the sector when managed with a transparent and focused leadership

End

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