Minister Announces Plan for Reviewing Mining License Rates in Nigeria
In a recent development, the Ministry of Solid Minerals Development, representing the Federal Government, has unveiled intentions to reassess the rates of mining licenses and associated fees that mining operators are obligated to pay in Nigeria.
This decision was made public in an official statement issued by the Special Assistant on Media to the Minister of Solid Minerals Development, Segun Tomori.
Addressing stakeholders during a consultative session held in Abuja on Thursday, the Minister emphasized that this review is crucial for enhancing the government's ability to effectively revamp the mining sector.
He underlined the necessity of the review in order for the government to meet its responsibilities of creating a conducive environment for mining activities and increasing revenue...