The Nigerian government has issued a stern warning to holders of mineral concessions, emphasizing that the era of hoarding mineral-rich land without development is over. The government is urging titleholders to either develop their concessions or relinquish them. This call comes as part of the country’s renewed push for more productive and transparent mining practices.
Obadiah Simon-Nkom, Director General of the Nigerian Mining Cadastre Office (MCO), reiterated the government’s “use it or lose it” stance during a recent interview in Abuja. He confirmed that the MCO generated over N6.95 billion in revenue in the first quarter of 2025, a significant increase attributed to sweeping reforms, strategic licensing, and the ongoing digital transformation within the mining sector.
In the first quarter, 152 license modifications were processed, including changes to mineral licenses, relinquishments, transfers, and renewals. Of the 955 applications received, 651 were for exploration licenses, reflecting the essential role exploration plays in mining development. Simon-Nkom emphasized that titleholders are expected to either develop their concessions or surrender them if they are deemed economically unviable.
The surge in revenue is largely due to the MCO’s adoption of a fully digitalized licensing platform, EMC+, which has been operational since November 2022. The platform, which now serves as the sole channel for mineral title applications and transactions in Nigeria, has streamlined the process with real-time updates and improved efficiency.
In line with broader reforms introduced by the Minister of Solid Minerals Development, the MCO is also working to tackle illegal mining, improve investor confidence, and sanitize the sector. Simon-Nkom explained that the agency’s transition from outdated polygon-based licensing to a web-based electronic cadastral system has significantly improved transparency and reduced manipulation within the industry.
Additionally, the agency’s collaboration with security and anti-graft agencies has strengthened the integrity of the sector. The MCO’s efforts have been acknowledged by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and praised for their role in curbing corruption.
The N6.95 billion revenue was primarily driven by system-governed fees, including annual service fees, processing charges, and penalties for late renewals. Simon-Nkom highlighted the review of license fees, which now take land usage realities into account, with larger landholdings attracting proportionately higher fees.
With these reforms, the MCO aims to streamline the licensing system, promote operational mines, and eliminate speculative practices. Simon-Nkom concluded by noting that the MCO serves as a “mini court,” ensuring due process through legal and technical scrutiny, and community engagement.
Source: Swifteradio.com
