The Nigerian authorities has elevated the royalties and numerous charges and levies paid by these working within the nation’s minerals and mining business.
The minister of strong minerals improvement, Dr Oladedele Alake, who revealed this throughout a media briefing in Abuja on Thursday, mentioned the previous charges have been out of date, and never reflective of the big technological and infrastructural investments the nation has made lately to make operations within the business simpler and extra worthwhile for operators.
He, nonetheless, mentioned the increment was not arbitrary however that every one stakeholders have been carried alongside within the course of, including that the speed hike ranged from 50 per cent to 100 per cent of the earlier charges.
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