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The Nigeria Revenue Service announced say e go administer mining royalties and related fees with transparency, fairness and accountability under the new tax reforms signed into law by President Bola Tinubu in 2025.
During a stakeholders’ workshop, Amina Ado, Executive Director of the Government and Large Taxpayers Directorate of the NRS, explain say the reforms transfer responsibility for collecting mineral royalties and mining-related fees to the agency from January 1, 2026.
She clarify say the Ministry of Solid Minerals Development still remain the regulator of the sector and go continue to provide geological, pricing and production data, while NRS go handle fiscal obligations.
According to her, the new framework go reduce overlapping charges and multiple demands from different agencies, making compliance easier and more predictable for mining operators.
Ado talk say one major problem in Nigeria’s mining sector na weak regulation and low formal compliance, which don allow illegal miners, foreign syndicates and armed groups to exploit mineral resources in places like Zamfara, Niger and Kaduna states without accountability.She urge mining operators to embrace formalisation because e go provide legal protection, security and predictability for licensed miners.
The NRS also assure stakeholders say implementation of the reforms go be based on dialogue and fairness, whether the operator na multinational company or small artisanal mining cooperative.
Ado add say Nigeria must use its mineral resources such as gold, lithium, tin, limestone and iron ore to build sustainable industries and long-term national development instead of allowing revenue leakages and illegal exploitation to continue.The reforms are part of the Federal Government’s broader efforts to improve revenue generation and strengthen oversight in the solid minerals sector.
Full reading at Punch Newspapers