FG Revokes 1,263 Mineral Licences to Reform Nigeria’s Solid Minerals Sector

FG Revokes 1,263 Mineral Licences Across Nigeria

The Federal Government has revoked 1,263 mineral licences nationwide in a decisive move to sanitise the solid minerals sector and enforce compliance with existing laws.

According to the Minister of Solid Minerals Development, Dr. Dele Alake, the affected titles include 584 exploration licences, 65 mining leases, 144 quarry licences, and 470 small-scale mining leases. The revocation was carried out due to failure by operators to pay mandatory annual service fees and other breaches of licensing regulations.

Alake explained that the action is part of ongoing reforms aimed at eliminating dormant and speculative licence holders, while creating space for serious investors who can contribute to the growth of Nigeria’s mining industry. He further revealed that outstanding debts owed by defaulters will be forwarded to the Economic and Financial Crimes Commission (EFCC) for recovery.