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Nigeria revokes 924 Dormant Mineral Mining Licences

Boom RadioNG | April 24, 2024

The Federal Government has today announced the revocation of an additional 924 dormant mineral licences with immediate effect.

This was disclosed at a media briefing by the Minister of Solid Minerals Development, Dele Alake where he announced that thr revoked mineral licences include 528 exploration licences, 20 mining leases, 101 quarry licences, and 273 small-scale mining licenses.

Speaking during the briefing, the minister lamented the high rate of licence racketeering, as well as dormant mineral licences, which he assured of the ministry’s unrelenting effort to get into the root cause, and correct the lapses.

He added that the ministry had formulated a policy to enable those whose licences have been revoked and are interested in reinstating such licences back into the system and explained that such persons must make restitution to the Federal Government through the payment of fines.

Minister of Solid Minerals Development, Dele Alake

The Minister then gave 30 days for interested parties to come up to the ministry through the mining cadastral office or risk losing their licences.

In November 2023, the ministry had earlier revoked 1,663 mineral licences, which was the first batch of licences revoked.

 

Dolupo Balogun

Written by Boom RadioNG

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