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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

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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.

 

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