Business A.M
No Result
View All Result
Tuesday, March 3, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Energy

Nigeria initiates new measures to boost mining sector revenue  

by admin
July 29, 2025
in Energy, Manufacturing, National: Governance, Policy & Politics

By Tola Akinmutimi

 

The Nigerian government on Tuesday said  it has initiated some policy measures  to ensure that revenue leakages from the nation’s mining sector were plugged and also make the industry more investment-friendly.

Olamilekan Adegbite, the country’s minister of mines and steel development, made this known during a roundtable session at the ongoing 25th Nigerian Economic Summit, NES, in Abuja

Adegbite said government was considering the training and subsequently empowering of young graduates for the purposes of helping in monitoring volume of minerals evacuated from mining sites nationwide and the amount of revenue accruable to government from such activities.

According to him, the development has become imperative in view of the fact that there are few  federal mining officers in some states where mining operations are being carried out.

He explained that the young graduates would complement the work of the field mining officers by covering areas not being monitored by the latter.

He cited Ogun State where quarrying activities are being carried out but where reliable data on what is being extracted and revenue due government are not available, amongst other locations requiring proper monitoring nationwide, saying that this cannot be allowed to continue.

“We also realise that the rules are in place, what is required is monitoring and enforcement. We are now proposing something, which is we could get young graduates, send them to get certain experience, we pay them minimum wage and we assign like about 20 to every mine officer and they can monitor, thereby generating more revenue for the government. That is what we are thinking, it is not crystallised yet,” Adegbite said.

The minister also spoke about plans by government to create linkages among the three critical agencies in the Nigerian mining industry, namely, the Mining Cadastre Office, the Nigerian Geological Survey Agency, (NGSA) and the Mining Inspectorate with a view to holistically capturing the activities in the sector.

To ensure this, he disclosed that government had commenced the digitalization of operations in the Cadastre Office and the NGSA to allow real-time monitoring of licence holders, activities of each miner across the country from anywhere in the world

admin
admin
Previous Post

Payment of salary to workers not on IPPIS will end by October 31 —Buhari

Next Post

Oil laws: Nigerian senate deliberates amendment to production sharing contract act

Next Post

Oil laws: Nigerian senate deliberates amendment to production sharing contract act

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

How UNESCO got it wrong in Africa

May 30, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

MDA reports expose Tinubu’s 3-year shambolic budgeting 

MDA reports expose Tinubu’s 3-year shambolic budgeting 

March 3, 2026
Nigeria secures $500m gas financing in fresh bid to unlock reserves

Gas supply uncertainty raises fresh risks for power investors

March 3, 2026
N5trn wasted: Nigeria’s production value bleeds as post-harvest losses deepen food crises 

N5trn wasted: Nigeria’s production value bleeds as post-harvest losses deepen food crises 

March 3, 2026
US leads digital adoption, but Europe, Asia sets the benchmark for user experience

Africa’s digital infrastructure gap widens in $3trn data-centre race 

March 2, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • Google, global partners roll out new standard for AI-powered payments

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

MDA reports expose Tinubu’s 3-year shambolic budgeting 

MDA reports expose Tinubu’s 3-year shambolic budgeting 

March 3, 2026
Nigeria secures $500m gas financing in fresh bid to unlock reserves

Gas supply uncertainty raises fresh risks for power investors

March 3, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M