The Nigeria Mining Cadastre Office (MCO) has warned speculators to leave the mine field for active and serious investors.
The Director-General of MCO, Mr Obadiah Nkom, gave the warning in a statement by Head, Press Unit of MCO Folasade Fatoke in Abuja on Saturday.
Nkom was speaking when he received the delegation of the Miners Association of Nigeria (MAN) led by its President, Alhaji Kabiru Mohammed in Abuja
He said that those that did not have any business in mining should leave and let the mines field be cleared.
“We have many operators who are misusing licenses given to them and this is where we must draw a line between inefficiency and ineptitude even as much as we want to encourage many miners,” he said.
Nigeria’s mining authorities to revoke 3,000 mineral titles
The titles at risk of federal axe represent 25 per cent of the total 10,959 mining operators registered in Nigeria.
Federal mining licensors at
Nigeria’s Mining Cadastre Office(MCO) are looking to February 12 to commence the revocation of some 2,763 mineral titles whose holders have failed to pay outstanding yearly service fees in a new aggressive revenue drive designed to swell government’s coffers in 2021.
The titles at risk of federal axe represent 25 per cent of the total 10,959 mining operators registered in Nigeria, according to data from the Ministry of Mines and Solid Minerals Development as of December 31, 2020.
Adegbite
Nigeria, like every other resource-dependent country, has had its fair share of the hemorrhaging impact of the COVID-19 pandemic, with the economy still struggling to get out of recession. Despite the abundance of other mineral resources, oil remains the dominant revenue earner. With the new normal, it is time to mainstream the solid minerals sector into the national economy, FEMI ADEKOYA writes.
As the world prepares for a post-oil economy, industry stakeholders believe the future of technology and energy transition depends on metals obtainable via the solid minerals sector.
According to NBS data, Nigeria imports, mostly raw materials, manufactured products, solid minerals and agricultural products from China.