Nigeria’s government warns that hoarding mineral-rich land is no longer acceptable, promoting a ‘use it or lose it’ policy. The Mining Cadastre Office has seen revenue increase due to reforms and digitalisation, with the agency processing numerous license modifications.
The Federal Government of Nigeria has issued a clear warning against hoarding mineral-rich land, insisting that land title holders must either develop their properties or surrender them. This announcement comes from Obadiah Simon-Nkom, the Director General of the Nigerian Mining Cadastre Office (MCO). He emphasised that the government’s stance is firmly rooted in a “use it or lose it” philosophy regarding mineral licensing.
In summary, the Nigerian government intends to enforce stricter regulations on mineral land usage, urging license holders to take action or risk losing their leases. The recent revenue surge indicates the effectiveness of the reforms under the MCO, with hopes that a fully digitalised system will enhance transparency and efficiency in the sector.
Original Source: guardian.ng