In a decisive move to streamline the mining sector and curb illegal mining activities, the administration of President Bola Tinubu has revoked 1633 mining licences held by defaulting titleholders. This unprecedented action sends a clear message that the government is serious about enforcing regulations and ensuring responsible mining practices.
The revocation of these licences comes after a thorough review by the Ministry of Solid Minerals Development, which revealed that the titleholders had failed to pay their annual service fees. This failure to comply with the law not only deprives the government of much-needed revenue but also undermines the integrity of the mining industry.
In a statement announcing the revocation, Minister of Solid Minerals Development Dr. Dele Alake emphasized the importance of adherence to regulations. “The revocation of these mining titles is a necessary step to ensure that the mining sector operates in a transparent and accountable manner,” he stated.
The minister also issued a stern warning to illegal miners, who continue to exploit the country’s mineral resources without authorization. “Illegal mining is a serious problem that not only harms the environment but also deprives the government of revenue and undermines the legitimate mining sector,” he declared.
Alake urged illegal miners to cease their operations and regularize their activities or face the full consequences of the law. “The government is committed to eradicating illegal mining and will not hesitate to take action against those who flout the law,” he warned.
The revocation of these mining licences and the crackdown on illegal mining are commendable steps towards bringing order to the mining sector. However, it is crucial for the government to ensure that these actions are followed through with sustained enforcement and effective monitoring.
The mining industry has the potential to play a significant role in Nigeria’s economic development. By ensuring that the sector operates responsibly and sustainably, the government can create jobs, generate revenue, and contribute to the overall growth of the economy.
The Tinubu administration’s actions are a step in the right direction, and it is now up to the government to build upon this momentum and transform the mining sector into a powerful engine of economic growth and prosperity.