Transfer N2.5 mining support fund to SMDF – Nigerian Minister tells Bank of Industry

The Minister disclosed this in a statement on Friday by his spokesperson, Segun Tomori after meeting with Stakeholders on the review of mining license rates in Nigeria. Aleke and Stakeholders arrived at a consensus to review the recently raised 100 percent royalty rates for minerals. According to the Minister, the rate review aims to align the sector with current market realities and to ensure more effective management of Nigeria’s mineral resources.

He assured Stakeholders that dialogue is ongoing with state governors and the Nigerian Governors Forum over interference by state governments leading to the shutdown of licensed mining operations and the duplication of federal regulations. “Dele Alake, the minister of Solid Minerals Development, explained that the revised license rates are necessary to help the government recover investments made in improving the sector’s infrastructure.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

CBN approves Unity Bank, Providus Bank mergerThe Latest news in Nigeria and world news. The Guardian Nigeria Newspaper brings you the latest headlines, opinions, political news, business reports and international news.
Fuente: GuardianNigeria - 🏆 1. / 94 Leer más »

CBN approves N700bn bailout for Unity, Providus banks' mergerThe Central Bank of Nigeria (CBN) has approved a financial package worth N700 billion to support the proposed merger between Unity Bank Plc and Providus Bank Limited.
Fuente: thecableng - 🏆 2. / 80 Leer más »

JUST IN: CBN approves bailout for merger of Unity, Providus banksThe Central Bank of Nigeria (CBN) says it will offer financial support to aid the merger between Unity Bank Plc and Providus Bank Limited.
Fuente: thecableng - 🏆 2. / 80 Leer más »