Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Govt to unveil list of dormant minerals licences  

    Govt to unveil list of dormant minerals licences  

    March 3, 2016
    Share
    Facebook Twitter LinkedIn WhatsApp

    02 March 2016, Sweetcrude, Abuja – The Federal Government says it will soon release a list of dormant mining licences and leases, ahead of their possible revocation.

    Kayode Fayemi
    Dr Fayemi

    A list of about 1,500 of the dormant mining licences and leases, and their owners have already been compiled by the ministry.

    The owners have been given up to this week, specifically, March 1, by the Minister of Solid Minerals Development, Dr. Kayode Fayemi, to use the licences or lose them.
    A statement from the ministry quoted Fayemi as saying a situation where four of every five mining licences issued in the country remained unused was no longer acceptable.
    Speaking in Minna, Niger State, the minister said the Federal Government would no longer accept operators who failed to use their licences for the purpose they were issued.
    He added that such licences would be revoked and given to genuine mining investors who were ready to make use of them.
    Fayemi said that most of the land areas that were allocated as mining sites to miners had been acquired illegally.
    He maintained that it was important to sanitise and reorganise the sector in order to realise the sector’s full potential as a major revenue earner.

    Related News

    Gold remains in a narrow trading band below $3,360/oz

    Gold rises as trade tensions persist ahead of key inflation data

    African mining ministers laud Alake’s leadership, resolve to adopt PARC

    E-book
    Resilience Exhibition

    Latest News

    ExxonMobil Nigeria appoints new Chairman & Managing Director

    July 17, 2025

    NIMASA shut down product facility over non-compliance

    July 17, 2025

    AfDB & Partners launch a $263.8m infrastructure project

    July 17, 2025

    Energy sector drives CCUS growth, accounting for over 70% of projects by end-2024

    July 17, 2025

    Africa’s crude export landscape is shifting

    July 17, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.