Government Revokes 1633 Mining Title
Government Revokes 1633 Mining Title for Non-Compliance. The Nigerian government said it has revoked the operating licence of 1,633 mining title holders over failure to pay their annual service fees.. The Ministry of Solid Minerals Development, through Minister Deke Aleke. This decision was disclosed during a press briefing held in Abuja on Tuesday.
Alake explained that these titles were revoked due to the companies’ failure to fulfill the mandatory annual service fees of N1,500 per cadastral unit.
He specified the breakdown of the revoked licenses, stating, “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.”
Further details about the development are expected to be provided soon.