Nigeria's Minister of Solid Minerals Development increases mining sector dues and rates by 50-100%.
Nigeria's Minister of Solid Minerals Development, Dele Alake, announced a 50-100% increase in dues and rates for mining sector operators, with immediate compliance required. The government aims to enhance the sector's ease of doing business and improve technical efficiency and competitiveness, while recouping funds and raising revenue. The new rates were developed with input from all relevant stakeholders.
July 04, 2024
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