The Federal Government, through the Ministry of Solid Minerals Development, generated N6.96bn in mining fees and registered 118 new private mineral buying centres in the first quarter of 2025.

The Minister of Solid Minerals Development, Dr Dele Alake, who revealed this figure, said the revenue reflects the outcome of the Ministry’s efforts to raise awareness and attract investors.

He disclosed this figure while speaking at the second Annual Mining Conference organised by Businessday newspaper in Abuja.

The Federal Government, through the Ministry of Solid Minerals Development, generated N6.96bn in mining fees and registered 118 new private mineral buying centres in the first quarter of 2025.

The Minister of Solid Minerals Development, Dr Dele Alake, who revealed this figure, said the revenue reflects the outcome of the Ministry’s efforts to raise awareness and attract investors.

Alake disclosed that the ministry has recorded a lot of progress in plans to set up the Nigerian Solid Minerals Corporation to make its structure a veritable special-purpose vehicle that will catapult Nigeria into the league of global mining players.

He scored the ministry high on revenue generation, citing how it surpassed the 2024 projected revenue of N11bn by N27bn to N38bn.