The federal government has announced plans to review rates of mining licenses and other sundry fees payable by operators in the country.
Dele Alake, Minister of Solid Minerals Development, made this known during a consultative meeting with stakeholders in the mining industry in Abuja.
Alake said the review is imperative to boost the capacity of the government to effectively reposition the mining sector.
Highlighting efforts to rejig the industry, the minister said aside from ongoing reforms, the federal government is sanitising the mining environment through the newly unveiled marshals.
The minister stated that the mining marshals have been conducting operations in parts of the country to protect legitimate miners and combat illegalities.
He, therefore, solicited the support of stakeholders for the impending increase in fees for mining licenses.
“This has become inevitable if the government is to effectively fulfill its obligations of providing an enabling environment for mining operations whilst also raising more revenue for the government,” the minister noted.
