In Q1 2025, Nigeria’s federal government collected N6.95 billion in mining fees and registered 118 new mineral buying centres. The Mining Cadastral Office processed 955 applications, with notable international partnerships enhancing sector growth. The establishment of the Nigerian Solid Minerals Corporation aims to further attract investment into the mining industry.
Dele Alake, Nigeria’s Minister of Solid Minerals Development, announced that the federal government collected N6.95 billion in mining fees during the first quarter of 2025. Alake emphasized that these figures reflect the government’s commitment to improving the mining sector and attracting investment. Additionally, 118 new private mineral buying centres were registered within the same period.
The Mining Cadastral Office (MCO) also processed 955 applications for title grants, including 651 for exploration and 270 for small-scale mining. The government approved a total of 867 applications, comprising 512 exploration licenses and other permits. These initiatives aim to streamline mineral rights and enhance operational efficiency within the industry.
Alake indicated that the establishment of the Nigerian Solid Minerals Corporation is underway, which will facilitate public investment in the mining sector. This initiative is a collaboration with the Ministry of Finance Incorporated, promising significant improvements in Nigeria’s global mining reputation.
International partnerships are also growing; for instance, the French government will support the Nigeria Geological Survey Agency (NGSA) through laboratory upgrades and training for young geologists. The training programme will commence soon with support from the government of Western Australia.
Notable recent investments from British and Saudi Arabian firms were reported, along with a new memorandum of understanding with South Africa aimed at enhancing geological capacity. Alake highlighted that the government’s value addition policy has improved local mineral processing, positioning Nigeria as a leader in Africa’s mining landscape.
Nigeria’s mining sector has seen substantial developments in early 2025, with N6.95 billion collected in fees and 118 new buying centres established. The government aims to improve efficiency and attract investment through strategic initiatives like the Nigerian Solid Minerals Corporation and international partnerships. These efforts underscore Nigeria’s commitment to bolstering its position in the African mining industry.
Original Source: www.peoplesdailyng.com