In his New Year Goodwill Message, the Minister of Solid Minerals Development, Dr Dele Alake, warns of additional mining license revocations in 2024, targeting various categories of defaulters.
The Federal Government’s focus is on prioritizing value addition in the mining sector, shifting away from resource exploitation.
Alake stresses the importance of developing raw materials into finished products and adding value to host communities before granting new licenses.
The minister highlights ongoing efforts to address insecurity in mining areas and combat illegal mining through a revamped security architecture.
He anticipates significant progress in the mining sector, aligning with President Bola Tinubu’s vision of economic diversification.
Alake pledges to consolidate reforms and establish an efficient governance structure to transform the opaque nature of the mining sector in the coming year.
