Eko Hot Blog reports that the Federal 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 N1,500 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.
President Bola Tinubu
“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.”
It would be recalled that President Bola Tinubu upon assumption of office split the erstwhile Ministry of Mines and Steel Development into the Ministry of Steel Development and the Ministry of Solid Minerals Development respectively.
Subsequently, the President appointed Mr Dele Alake as Minister of Solid Minerals Development and has since been saddle with the responsibility of rejigging the ministry to effectively and efficiently annex opportunities of Nigeria’s solid mineral deposits.
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