President Bola Tinubu-led government, through the Ministry of Solid Minerals Development, has revoked 1,633 minerals titles previously given to non-complying mining companies.
The Minister of Solid Minerals Development, Dele Alake, announced this during a press briefing on Tuesday in Abuja.
He said the licenses of these mineral title holders were revoked due to failure to pay mandatory annual service fees of ₦1,500 per cadastral unit.
He said, “The Mining Cadastre Office has recommended the revocation of 1,633 mineral titles as follows: Exploration Licence, 536; Quarry Licence, 279; Small Scale Mining Licence, 787 and Mining Lease, 31.
“In line with the powers conferred on me by the NMMA 2007, Section 5 (a), I have approved the revocation of the 1,633 titles.”
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