In Q1 2025, Nigeria’s mining sector generated N6.9 billion from fees. Minister Dr Dele Alake reported registration of 118 new centres and a surge in mining licence applications. International partnerships, including support from France and Australia, bolster the sector’s growth.
The Nigerian federal government has announced revenue of N6.9 billion from mining fees for the first quarter of 2025. This figure was revealed by Dr Dele Alake, the Minister of Solid Minerals Development, on Monday via his official X account. In total, a substantial ₦6,957,826,200 was collected, which also included the registration of 118 new private mineral buying centres.
During this quarter, the Mining Cadastral Office (MCO) saw an uptick in activity, processing 994 mining title applications. This consisted of 651 for exploration licences, 270 for small-scale mining leases, 49 for quarry leases, and 24 for reconnaissance permits. Among these applications, 872 licences received approval: 512 exploration licences, 295 small-scale mining leases, 60 quarry leases, and 5 mining leases.
Dr Alake pointed out that international interest in Nigeria’s mining sector is growing. The French government has launched a bilateral agreement between President Bola Tinubu and President Emmanuel Macron, pledging support by equipping the Nigeria Geological Survey Agency’s laboratory and training future geologists in modern techniques. Furthermore, the Government of Western Australia is set to offer regular training programs for professionals in Nigeria’s mining sector.
Various investments from British and Saudi Arabian entities are also strengthening the sector’s profile. Dr Alake attributed the success to the government’s value-addition policy, which has enhanced local beneficiation processes, establishing Nigeria as a key player in Africa’s mining landscape.
Overall, Nigeria’s mining sector has shown promising growth in 2025, with significant revenue generation and increased international collaboration. The government’s efforts to improve mining practices and attract foreign partnerships are notable factors in this development. With ongoing training programs and support for local practitioners, the country is aiming to solidify its status in the African mining industry.
Original Source: techeconomy.ng