The Federal Government has revoked no fewer than 1,263 mineral titles across the country following the failure of their holders to meet the mandatory requirement of paying annual service fees. The decision, announced by the Ministry of Solid Minerals Development, underscores the government’s determination to enforce compliance with regulations governing Nigeria’s mining sector.
According to officials, the affected licenses were withdrawn after their holders defaulted in fulfilling financial obligations, despite several reminders and grace periods provided by regulatory authorities. The move, authorities said, was part of broader reforms aimed at sanitising the sector, improving accountability, and ensuring that only serious investors operate within the mining industry.
Minister of Solid Minerals Development, Dr. Dele Alake, stressed that the revocation was in line with the provisions of the Nigerian Minerals and Mining Act, which stipulates that mineral titles automatically lapse when fees are not paid as and when due. He explained that the ministry had earlier embarked on an extensive sensitisation campaign to remind operators of their obligations, but many still failed to comply.
Industry experts note that the revocation sends a strong signal to both local and foreign investors about the government’s readiness to enforce discipline in the sector. While the cancellations may disrupt some ongoing operations, stakeholders believe the exercise will ultimately strengthen the regulatory framework, boost revenue generation, and enhance investor confidence in Nigeria’s mining industry.
Reports indicate that the affected titles cut across exploration, mining leases, quarrying, and small-scale mining operations in several states. The government has also disclosed plans to reallocate the revoked licenses to credible investors who can demonstrate both financial and technical capacity to develop the resources responsibly.
The decision has sparked mixed reactions among stakeholders. While some operators lamented that economic hardship contributed to their inability to meet the payment deadline, others commended the government for taking steps to rid the sector of inactive and speculative license holders who often hoard titles without developing them.
With the revocation, the ministry has reaffirmed its commitment to repositioning solid minerals as a major revenue earner for Nigeria. Officials insist that going forward, only operators who demonstrate seriousness, compliance, and investment in actual mineral development will retain their licenses, as the government intensifies its drive to diversify the economy away from crude oil dependence.
