FG mulls mining licence fees increase to boost revenue

The federal government has announced plans to review rates of mining licenses and other sundry fees payable by operators in the country.

Dele Alake, minister of solid minerals development, made this known during a consultative meeting with stakeholders in the mining industry in Abuja.

Alake said the review is imperative to boost the capacity of the government to effectively reposition the mining sector.

Highlighting efforts to rejig the industry, the minister said aside from ongoing reforms, the federal government is sanitising the mining environment through the newly unveiled marshals.

Alake said the mining marshals have been conducting operations in parts of the country to protect legitimate miners and combat illegalities.

He, therefore, solicited the support of stakeholders for the impending increase in fees for mining licenses.

“This has become inevitable if the government is to effectively fulfil its obligations of providing an enabling environment for mining operations whilst also raising more revenue for the government,” the minister said.

“For us to continue to ensure that we secure the mining environment and keep putting in place measures that will ease the operational difficulties and challenges that confront miners, we need to review the rates of mining licenses and other sundry fees.

“We felt that we can’t just do this without letting you know because invariably, you are the players in the industry.”

On April 24, 924 dormant licences across four sectors in the mining industry were revoked by the federal government.

The areas affected include exploration, mining, small-scale mining, and quarrying.

Speaking on the recent revocation, Alake said the government followed due process and extant laws guiding the action, adding that the 30-day restitution window still exists for operators that were affected.

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