The Minister of Solid Minerals Development, Dele Alake, yesterday reiterated that the reforms being carried out by the Bola Tinubu administration in the Solid Minerals Development sector, yielded N6.96 billion in terms of collections of mining licence fees in the first quarter of 2025.
The minister, who spoke at the ongoing Organisation for Economic Cooperation and Development (OECD) Forum tagged: “Better Policies for Better Lives”, in Paris, France at the weekend, argued that the reforms had begun to yield the expected results.
In a statement signed by the Special Assistant on Media to the Minister, Segun Tomori, the minister also noted that the Mining Cadastral Office also processed nearly 1,000 title applications, with hundreds of licenses approved to accelerate responsible development in the country during the period.
“These reforms are already delivering results. In the first quarter of 2025 alone, Nigeria generated N6.96 billion in mining license fees, formalised over 1,200 artisanal and small-scale mining cooperatives, and registered 118 private mineral buying centers,” he added.
