FG To Increase Licence Fees and Other Charges

Federal government has indicated an intention for an upward review of mining licenses rates and other sundry fees payable by mining operators in the country.
The minister of solid minerals development, Dele Alake, who announced this during a consultative meeting with stakeholders in the mining industry, stressed the imperative of the review to boost the capacity of the government to effectively reposition the mining sector.
Segun Tomori, the minister’s special assistant on media in a statement enumerated efforts being made to reposition the mining industry, and revealed that
the federal government is sanitising the mining environment through the newly unveiled mining marshals to protect legitimate miners and combat illegal mining.
He solicited the support of stakeholders for the impending increase and added that this move had become inevitable if the government was to effectively fulfil its obligations of providing an enabling environment for mining operations whilst also raising more revenue.