The total number of mineral titles issued to mining companies has dropped by 36.63 per cent within a period of five years, according to findings by The PUNCH.
A document obtained by The PUNCH, showed that while 2815 mineral titles were issued in 2016, 1438 were issued in 2021. This was contained in a presentation document by the Minister of Mines and Steel Development, Olamilekan Adegbite, at the ninth edition of the President, Major General Muhammadu Buhari’s (retd) regime Scorecard 2015 to 2023 series organised by the Ministry of Information and Culture. The document also revealed that 2,258 mineral titles were issued in 2016, 2429 in 2017, 2124 in 2018, and 1,620 in 2019. The total number of mineral titles issued to mining companies has dropped by 36.63 per cent within a period of five years, according to findings by The PUNCH.
A document obtained by The PUNCH, showed that while 2815 mineral titles were issued in 2016, 1438 were issued in 2021. This was contained in a presentation document by the Minister of Mines and Steel Development, Olamilekan Adegbite, at the ninth edition of the President, Major General Muhammadu Buhari’s (retd) regime Scorecard 2015 to 2023 series organised by the Ministry of Information and Culture.
The document also revealed that 2,258 mineral titles were issued in 2016, 2429 in 2017, 2124 in 2018, and 1,620 in 2019. The total number of mineral titles issued to mining companies has dropped by 36.63 per cent within a period of five years, according to findings by The PUNCH. A document obtained by The PUNCH, showed that while 2815 mineral titles were issued in 2016, 1438 were issued in 2021.
This was contained in a presentation document by the Minister of Mines and Steel Development, Olamilekan Adegbite, at the ninth edition of the President, Major General Muhammadu Buhari’s (retd) regime Scorecard 2015 to 2023 series organised by the Ministry of Information and Culture.
The document also revealed that 2,258 mineral titles were issued in 2016, 2429 in 2017, 2124 in 2018, and 1,620 in 2019.
It was also noted that 1,438 mineral titles were issued between January and October 2022, which is a 48.92 drop per cent from what was issued in 2016. The mineral titles included mining, exploration, quarry, and small-scale mining licences.
The Director-General of Nigeria Mining Cadastre Office, Mr Obadiah Nkom, during a State House briefing organised by the Presidential Communications Team, recently said that 3,402 titles were revoked for defaulting on the terms of their licences.
Nkom said NMCO revoked the mining rights of companies that were not using their licences. He also disclosed that the NMCO generated over N3.7bn in 2022.
However, the mining sector has also been plagued by insecurity, which led to a ban on mining activities in Zamfara State.
Read more at; https://punchng.com/mineral-titles-fall-37-as-insecurity-threatens-sector/
