Friday, August 28, 2026
  • About Us
  • Advertisement
  • Privacy Policy
The Daily Crucible
Advertisement
  • Home
  • News
  • Business
    Johnson & Johnson Offers $5.5bn to End 69,000 Lawsuits Over Claims Baby Powder Caused Ovarian Cancer

    Johnson & Johnson Offers $5.5bn to End 69,000 Lawsuits Over Claims Baby Powder Caused Ovarian Cancer

    Lafarge Africa Rebrands As HBM Nigeria Plc, Signals New Era Under Huaxin Ownership

    Lafarge Africa Rebrands As HBM Nigeria Plc, Signals New Era Under Huaxin Ownership

    CBN Revokes Licences of Two Ogun Microfinance Banks, 44 Others Over Regulatory Breaches

    CBN Revokes Licences of Two Ogun Microfinance Banks, 44 Others Over Regulatory Breaches

    Dayo DaSilva Unveils Entrepreneurial Blueprint to Drive Business Growth

    Dayo DaSilva Unveils Entrepreneurial Blueprint to Drive Business Growth

    Elon Musk Makes History As World’s First Trillionaire After SpaceX Stock Market Debut

    Elon Musk Makes History As World’s First Trillionaire After SpaceX Stock Market Debut

    Otedola Sells Geregu Stake To Buy Into Dangote Refinery IPO

    Otedola Sells Geregu Stake To Buy Into Dangote Refinery IPO

    Trending Tags

    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
    • Property
  • Politics
  • Education
  • Lifestyle
    ‘Career and Motherhood Can Coexist,’ Eugenia Abu Urges Women To Build Families Early 

    ‘Career and Motherhood Can Coexist,’ Eugenia Abu Urges Women To Build Families Early 

    Babatunde Adeyemo: Celebrating a Visionary Leader, Philanthropist and Real Estate Champion on His Birthday

    Babatunde Adeyemo: Celebrating a Visionary Leader, Philanthropist and Real Estate Champion on His Birthday

    Amaka Okeke Denies Affair With Frank Edoho, Threatens Legal Action Against Accusers

    Amaka Okeke Denies Affair With Frank Edoho, Threatens Legal Action Against Accusers

    Tega Breaks Silence Over Alleged Affair With Frank Edoho, Threatens Legal Action

    Tega Breaks Silence Over Alleged Affair With Frank Edoho, Threatens Legal Action

    Frank Edoho Breaks Silence On Alleged Affair Between Ex-Wife Sandra and Singer Chike

    Frank Edoho Breaks Silence On Alleged Affair Between Ex-Wife Sandra and Singer Chike

    Stars Turn Heads With Bold Fashion Statements as AMVCA 2026 Leaves Lasting Impression

    Stars Turn Heads With Bold Fashion Statements as AMVCA 2026 Leaves Lasting Impression

    Trending Tags

    • Bitcoin
    • Champions League
    • Explore Bali
    • Golden Globes 2018
    • Grammy Awards
    • Harbolnas
  • Entertainment
    Calls Grow to Rename Nashville Airport After Dolly Parton as Tributes Pour In

    Calls Grow to Rename Nashville Airport After Dolly Parton as Tributes Pour In

    BREAKING: Veteran Nollywood Actor Taiwo Hassan ‘Ogogo’ Dies at 66

    BREAKING: Veteran Nollywood Actor Taiwo Hassan ‘Ogogo’ Dies at 66

    ‘My 28-Year Marriage Ended a Year Ago’ — Gospel Artiste Asu Ekiye

    ‘My 28-Year Marriage Ended a Year Ago’ — Gospel Artiste Asu Ekiye

    Over 500 Spiritual, Medical Help Offers Pour in For Ailing Ogogo – Jide Kosoko

    Over 500 Spiritual, Medical Help Offers Pour in For Ailing Ogogo – Jide Kosoko

    Nollywood Veteran Ogogo Battles Stage 4 Cancer, Family Seeks Urgent Help as Hospitals Reject Treatment

    Nollywood Veteran Ogogo Battles Stage 4 Cancer, Family Seeks Urgent Help as Hospitals Reject Treatment

    Nollywood Actress Tope Osoba Died In Ikorodu Police Station, Not From Cancer – Fiancé

    Nollywood Actress Tope Osoba Died In Ikorodu Police Station, Not From Cancer – Fiancé

    Trending Tags

    • Golden Globes 2018
    • Grammy Awards
    • Explore Bali
    • Champions League
    • Harbolnas
  • Sports
    Why Burna Boy Was the Perfect Fit for 2026 FIFA World Cup Anthem ‘Dai Dai’ – Shakira

    Why Burna Boy Was the Perfect Fit for 2026 FIFA World Cup Anthem ‘Dai Dai’ – Shakira

    Petition to Ban Argentina From FIFA World Cup Surpasses 23 Million Signatures

    Petition to Ban Argentina From FIFA World Cup Surpasses 23 Million Signatures

    Spain Beat Argentina After Extra Time to Win 2026 FIFA World Cup, Ferran Torres Fires La Roja to Glory

    Spain Beat Argentina After Extra Time to Win 2026 FIFA World Cup, Ferran Torres Fires La Roja to Glory

    Spain Sink France 2-0 to Storm into 2026 World Cup Final

    Spain Sink France 2-0 to Storm into 2026 World Cup Final

    History Made as Egypt Beat Australia 4-2 to Reach First-Ever World Cup Round of 16

    History Made as Egypt Beat Australia 4-2 to Reach First-Ever World Cup Round of 16

    Tinubu to Team Nigeria: Win Clean, Make the Nation Proud at Glasgow 2026

    Tinubu to Team Nigeria: Win Clean, Make the Nation Proud at Glasgow 2026

    Trending Tags

    • Champions League
    • Explore Bali
    • Harbolnas
    • United Stated
    • Market Stories
    • Litecoin
No Result
View All Result
The Daily Crucible
  • Home
  • News
  • Business
    Johnson & Johnson Offers $5.5bn to End 69,000 Lawsuits Over Claims Baby Powder Caused Ovarian Cancer

    Johnson & Johnson Offers $5.5bn to End 69,000 Lawsuits Over Claims Baby Powder Caused Ovarian Cancer

    Lafarge Africa Rebrands As HBM Nigeria Plc, Signals New Era Under Huaxin Ownership

    Lafarge Africa Rebrands As HBM Nigeria Plc, Signals New Era Under Huaxin Ownership

    CBN Revokes Licences of Two Ogun Microfinance Banks, 44 Others Over Regulatory Breaches

    CBN Revokes Licences of Two Ogun Microfinance Banks, 44 Others Over Regulatory Breaches

    Dayo DaSilva Unveils Entrepreneurial Blueprint to Drive Business Growth

    Dayo DaSilva Unveils Entrepreneurial Blueprint to Drive Business Growth

    Elon Musk Makes History As World’s First Trillionaire After SpaceX Stock Market Debut

    Elon Musk Makes History As World’s First Trillionaire After SpaceX Stock Market Debut

    Otedola Sells Geregu Stake To Buy Into Dangote Refinery IPO

    Otedola Sells Geregu Stake To Buy Into Dangote Refinery IPO

    Trending Tags

    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
    • Property
  • Politics
  • Education
  • Lifestyle
    ‘Career and Motherhood Can Coexist,’ Eugenia Abu Urges Women To Build Families Early 

    ‘Career and Motherhood Can Coexist,’ Eugenia Abu Urges Women To Build Families Early 

    Babatunde Adeyemo: Celebrating a Visionary Leader, Philanthropist and Real Estate Champion on His Birthday

    Babatunde Adeyemo: Celebrating a Visionary Leader, Philanthropist and Real Estate Champion on His Birthday

    Amaka Okeke Denies Affair With Frank Edoho, Threatens Legal Action Against Accusers

    Amaka Okeke Denies Affair With Frank Edoho, Threatens Legal Action Against Accusers

    Tega Breaks Silence Over Alleged Affair With Frank Edoho, Threatens Legal Action

    Tega Breaks Silence Over Alleged Affair With Frank Edoho, Threatens Legal Action

    Frank Edoho Breaks Silence On Alleged Affair Between Ex-Wife Sandra and Singer Chike

    Frank Edoho Breaks Silence On Alleged Affair Between Ex-Wife Sandra and Singer Chike

    Stars Turn Heads With Bold Fashion Statements as AMVCA 2026 Leaves Lasting Impression

    Stars Turn Heads With Bold Fashion Statements as AMVCA 2026 Leaves Lasting Impression

    Trending Tags

    • Bitcoin
    • Champions League
    • Explore Bali
    • Golden Globes 2018
    • Grammy Awards
    • Harbolnas
  • Entertainment
    Calls Grow to Rename Nashville Airport After Dolly Parton as Tributes Pour In

    Calls Grow to Rename Nashville Airport After Dolly Parton as Tributes Pour In

    BREAKING: Veteran Nollywood Actor Taiwo Hassan ‘Ogogo’ Dies at 66

    BREAKING: Veteran Nollywood Actor Taiwo Hassan ‘Ogogo’ Dies at 66

    ‘My 28-Year Marriage Ended a Year Ago’ — Gospel Artiste Asu Ekiye

    ‘My 28-Year Marriage Ended a Year Ago’ — Gospel Artiste Asu Ekiye

    Over 500 Spiritual, Medical Help Offers Pour in For Ailing Ogogo – Jide Kosoko

    Over 500 Spiritual, Medical Help Offers Pour in For Ailing Ogogo – Jide Kosoko

    Nollywood Veteran Ogogo Battles Stage 4 Cancer, Family Seeks Urgent Help as Hospitals Reject Treatment

    Nollywood Veteran Ogogo Battles Stage 4 Cancer, Family Seeks Urgent Help as Hospitals Reject Treatment

    Nollywood Actress Tope Osoba Died In Ikorodu Police Station, Not From Cancer – Fiancé

    Nollywood Actress Tope Osoba Died In Ikorodu Police Station, Not From Cancer – Fiancé

    Trending Tags

    • Golden Globes 2018
    • Grammy Awards
    • Explore Bali
    • Champions League
    • Harbolnas
  • Sports
    Why Burna Boy Was the Perfect Fit for 2026 FIFA World Cup Anthem ‘Dai Dai’ – Shakira

    Why Burna Boy Was the Perfect Fit for 2026 FIFA World Cup Anthem ‘Dai Dai’ – Shakira

    Petition to Ban Argentina From FIFA World Cup Surpasses 23 Million Signatures

    Petition to Ban Argentina From FIFA World Cup Surpasses 23 Million Signatures

    Spain Beat Argentina After Extra Time to Win 2026 FIFA World Cup, Ferran Torres Fires La Roja to Glory

    Spain Beat Argentina After Extra Time to Win 2026 FIFA World Cup, Ferran Torres Fires La Roja to Glory

    Spain Sink France 2-0 to Storm into 2026 World Cup Final

    Spain Sink France 2-0 to Storm into 2026 World Cup Final

    History Made as Egypt Beat Australia 4-2 to Reach First-Ever World Cup Round of 16

    History Made as Egypt Beat Australia 4-2 to Reach First-Ever World Cup Round of 16

    Tinubu to Team Nigeria: Win Clean, Make the Nation Proud at Glasgow 2026

    Tinubu to Team Nigeria: Win Clean, Make the Nation Proud at Glasgow 2026

    Trending Tags

    • Champions League
    • Explore Bali
    • Harbolnas
    • United Stated
    • Market Stories
    • Litecoin
No Result
View All Result
The Daily Crucible
No Result
View All Result
Home Business

Mining License: ‘Use it or Lose it’ Clause Will Be Strictly Enforced, Alake Tells Investors

... as Mining Week begins in Abuja October 13

The Daily Crucible by The Daily Crucible
October 17, 2025
in Business, News
0
Mining License: ‘Use it or Lose it’ Clause Will Be Strictly Enforced, Alake Tells Investors

 

By Jane Okafor, Abuja

You might also like

Police Challenge VeryDarkMan to Prove Checkpoint Kidnapping Claims

Amuzu Pledges Legacy Projects, People-Centred Legislation for Abeokuta South Federal Constituency

Alaafin Declares Brazilian Woman’s Yemoja Title Invalid, Says Palace Was Not Consulted

 

The Minister of Solid Minerals Development, Dr Dele Alake, has vowed to sustain the ongoing revocation of mining licences for failure to use same by investors.

Alake emphasised that the era in which individuals defaulted on payment of annual service fees or held licences for over ten years without utilising them or commencing operations is now over.

 

He maintained that the “Use it or Lose it” clause in the Mining Act will be strictly enforced to make way for serious investors to develop the sector.

 

“Our desire for a very conducive operating environment should not indulge those who are in constant default of the regulations. We won’t tolerate that. I have had to triple my personal security following threats received from some of those whose licences were revoked, but I am undaunted. Our confidence is hinged on the fact that we are waging the battle based on principle, for the sake of our country,” Alake added.

 

Dr Alake made this known statement during a media briefing ahead of the 10th Nigeria Mining Week, which begins today, Monday, October 13, 2025.

He reiterated the Federal Government’s commitment to ongoing reforms in the mining sector, declaring that no amount of threats or blackmail will derail the transformative agenda that was already yielding results.

 

He revealed that a new Pre-Shipment Agency for Solid Minerals was underway, even as he confirmed that satellite surveillance of mining sites is equally underway, alongside plans to double the personnel of the Mining Marshals.

 

The aim, according to him, is to ensure the mobile squad has an active presence in all Local Government Areas across the country and is fully equipped to curtail illegal mining activities.

The Minister urged all stakeholders, industry players, and investors to support the success of the Mining Week, describing it as a vital platform for networking, consolidating progress, attracting responsible investments, and ensuring that the mining sector contributes meaningfully to Nigeria’s industrialization.

A statement by his special assistant on media, Segun Tomori, on Sunday, stated that the various mining reforms were bearing fruits, as evidenced by various indicators, including those compiled by the National Bureau of Statistics (NBS).

“Ten years ago, the contribution of mining to our nation’s GDP was less than 0.5%, but today it has increased to 1.8%, with figures from the NBS indicating an unprecedented 4.61% in Q2, 2025. In practical terms, this means more mines in operation, more companies investing, and more communities being impacted by mining activity,” he added.

Reflecting on the sector’s evolution, the Minister stated that the Nigeria Mining Week has mirrored the industry’s transition from informality to a more structured, innovation-driven, and investor-friendly environment.

 

He said that the reforms focused on transparency, risk mitigation, and value chain optimisation.

Alake declared that no amount of intimidation, sponsored articles by unpatriotic hack writers, or campaigns of calumny could deter the vision of repositioning the mining sector.

 

“The mining sector was hitherto an all-comers’ affair where operators got away with flagrant abuse of regulations. When we came in, we made efforts to correct this anomaly, and those affected have been employing all forms of tactics, including threats and blackmail, to force us to reverse course. I want to assure Nigerians that our resolve is unflinching. We are going ahead to enforce strictly all regulations, no matter whose ox is gored,” he said.

For the President of the Miners Association of Nigeria, Mr Dele Ayanleke, called on the government to continue strengthening policy implementation, while encouraging investors to take full advantage of the opportunities Nigeria presents. He commended the Minister for his yeoman’s efforts in advancing the mining sector, pledging the association’s support for the ongoing reforms.

The 10th Nigerian Mining Week, with the theme “Nigerian Mining: From Progress to Global Relevance,” is organised by the Ministry of Solid Minerals Development (MSMD) in partnership with the Miners Association of Nigeria, Vuka Group, PwC, and others. The event is scheduled to take place from October 13 to 15, 2025, at the Abuja Continental Hotel.

 

Previous Post

Justify Humongous Allocation Received Since Subsidy Removal, Daniel Tells Abiodun, LGs 

Next Post

Philanthropist, Ibrahim Egungbohun Felicitates Seyi Tinubu At 40

The Daily Crucible

The Daily Crucible

The Daily Crucible Newspaper is an authoritative independent online news medium established to deliver professional journalism for the purpose of fostering Nigeria's unity, progress and greatness, given the heterogeneity of her citizens. We shall vigorously pursue this vision and anchor it on tripod of truth, justice and fairness. We shall feed the public with robust information they need to make informed decision on issues and matters that affect them, promote human - capital development, freedom and free market enterprise. Our loyalty shall be to Nigeria and public interest, and shall respect ethnic, religious and political diversity without being partisan and sectional.

Related Posts

Police Challenge VeryDarkMan to Prove Checkpoint Kidnapping Claims
News

Police Challenge VeryDarkMan to Prove Checkpoint Kidnapping Claims

by The Daily Crucible
August 27, 2026
Amuzu Pledges Legacy Projects, People-Centred Legislation for Abeokuta South Federal Constituency
News

Amuzu Pledges Legacy Projects, People-Centred Legislation for Abeokuta South Federal Constituency

by The Daily Crucible
August 26, 2026
Alaafin Declares Brazilian Woman’s Yemoja Title Invalid, Says Palace Was Not Consulted
News

Alaafin Declares Brazilian Woman’s Yemoja Title Invalid, Says Palace Was Not Consulted

by The Daily Crucible
August 26, 2026
2027: Adebutu Meets Egba Traditionalists, Promises More Infrastructure, Welfare Support for Ogun People
News

2027: Adebutu Meets Egba Traditionalists, Promises More Infrastructure, Welfare Support for Ogun People

by The Daily Crucible
August 26, 2026
2027 ‘No Be War’: Unchained Vibes Africa Launches Anthem, Warns Against Hate Speech, Religious Polarisation
News

2027 ‘No Be War’: Unchained Vibes Africa Launches Anthem, Warns Against Hate Speech, Religious Polarisation

by The Daily Crucible
August 26, 2026
Next Post
Philanthropist, Ibrahim Egungbohun Felicitates Seyi Tinubu At 40

Philanthropist, Ibrahim Egungbohun Felicitates Seyi Tinubu At 40

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Advertisement

Advertisement

Recent News

Police Challenge VeryDarkMan to Prove Checkpoint Kidnapping Claims

Police Challenge VeryDarkMan to Prove Checkpoint Kidnapping Claims

August 27, 2026
Calls Grow to Rename Nashville Airport After Dolly Parton as Tributes Pour In

Calls Grow to Rename Nashville Airport After Dolly Parton as Tributes Pour In

August 27, 2026
Amuzu Pledges Legacy Projects, People-Centred Legislation for Abeokuta South Federal Constituency

Amuzu Pledges Legacy Projects, People-Centred Legislation for Abeokuta South Federal Constituency

August 26, 2026
Alaafin Declares Brazilian Woman’s Yemoja Title Invalid, Says Palace Was Not Consulted

Alaafin Declares Brazilian Woman’s Yemoja Title Invalid, Says Palace Was Not Consulted

August 26, 2026
2027: Adebutu Meets Egba Traditionalists, Promises More Infrastructure, Welfare Support for Ogun People

2027: Adebutu Meets Egba Traditionalists, Promises More Infrastructure, Welfare Support for Ogun People

August 26, 2026
Restructuring: The Only Sustainable Path For Nigeria 

Restructuring: The Only Sustainable Path For Nigeria 

August 26, 2026
2027 ‘No Be War’: Unchained Vibes Africa Launches Anthem, Warns Against Hate Speech, Religious Polarisation

2027 ‘No Be War’: Unchained Vibes Africa Launches Anthem, Warns Against Hate Speech, Religious Polarisation

August 26, 2026
GOCOP Mourns Former President, Eagle Online Publisher Dotun Oladipo

GOCOP Mourns Former President, Eagle Online Publisher Dotun Oladipo

August 26, 2026

Igbos and Fulanis Are Cousins, How Do You Explain the Striking Similarities Between Them?

August 25, 2026
Fusengbuwa Ruling House Sues Abiodun, 9 Kingmakers, 5 Others Over Stalled Awujale Selection Process

Fusengbuwa Ruling House Sues Abiodun, 9 Kingmakers, 5 Others Over Stalled Awujale Selection Process

August 25, 2026
The Daily Crucible

The Daily Crucible Newspaper is an authoritative and independent online news medium established to deliver professional journalism for the purpose of fostering Nigeria's unity, peace, progress, and greatness, given the heterogeneity of its citizens.

© 2022 The Daily Crucible - Designed by CYBERWARRIOR.

No Result
View All Result
  • Home
  • News
  • Politics
  • Property
  • Business
  • Education
  • Health
  • Entertainment
  • About Us

© 2022 The Daily Crucible - Designed by CYBERWARRIOR.