FG to revoke 1,000 mining licenses – Alake

The Minister of Solid Minerals Development, Dr Dele Alake, has announced plans to revoke 1,000 dormant mining licences in addition to the 900 it revoked in 2024.

Alake disclosed this at the opening of the maiden edition of the National Steel Summit on Wednesday in Abuja.

“To clean up our licensing system, I had to revoke over 900 licences, which were dormant titles, and they had become tools in the hands of speculators rather than instruments of development.

“I wish to announce here again that very shortly I am going to announce another over 1,00,000 licences that will be revoked.

“The Solid Minerals sector is no longer a playground for opportunists. It is a driver of national industrial growth and continental leadership.

“ We are laying the foundation for Nigeria where mineral resources create Nigerian jobs, feed Nigerian industries, and build Nigerian prosperity,“ he said

Alake described the theme of the summit, Rebuilding and Consolidating Nigeria’s Steel Industry: Collaborative Action for Sustainable Growth and Global Competitiveness, as apt and in line with Nigeria’s quest for economic diversification.