Wednesday, July 8, 2026
  • About Us
  • Letter to the Editor
  • Data Usage Policy
  • Contact Us
MetroNews NG
  • Metro
  • Lagos
    • Opinion
    • Interview
    • Weird
  • World
  • Business
  • Sports
  • Nollywood
  • Odawood
  • Lifestyle
    • Careers
    • Education
    • Health
  • MetronewsNG TV
No Result
View All Result
MetroNews NG
No Result
View All Result

Nigeria Revenue Service Takes Over Mineral Royalties as Ministry Retains Oversight

Olamide Taiwo by Olamide Taiwo
April 4, 2026
in News
0
Nigeria Revenue Service Takes Over Mineral Royalties as Ministry Retains Oversight

Abuja, April 4, 2026 – The Nigeria Revenue Service (NRS) has officially assumed responsibility for collecting mineral royalties from mining operators across the country, while the Ministry of Solid Minerals Development will maintain technical and regulatory oversight of the sector.

The decision emerged from a collaborative meeting on April 2, 2026, between Minister of Solid Minerals Development Dele Alake and NRS Chairman Zacch Adedeji at the Ministry’s Abuja office. The meeting focused on defining the operational framework for implementing the new tax laws governing mineral royalties.

A joint statement released by the Ministry and NRS, made available to journalists on Friday by NRS Special Adviser Dare Adekanmbi, confirmed that the change, effective January 1, 2026, aligns with the Nigeria Tax Laws 2025, signed by President Bola Ahmed Tinubu on June 26, 2025.

Under the new arrangement, NRS will manage all federally collectable mineral royalties, while the Ministry continues to provide vital technical support, including mineral pricing data, geological information, and industry coordination.

“Both institutions are committed to working closely to ensure mining operators are fully informed and that the royalty framework is implemented to support growth in the solid minerals sector,” the statement said.

To facilitate compliance, a nationwide sensitisation programme will guide operators on filing and payment obligations under the new laws.

Additionally, a modern digital royalty administration system will be developed, alongside regular technical sessions to resolve sectoral issues.

Mining operators are encouraged to meet their filing and payment responsibilities and actively participate in the forthcoming outreach initiatives.

The joint approach aims to ensure a transparent, orderly, and growth-oriented administration of mineral royalties while promoting the development of Nigeria’s solid minerals industry.

Tags: abujaDele Alakemineral royaltiesmining regulationNigeria GovernmentNigeria miningNigeria Revenue Servicesolid minerals sectortax laws 2025Zacch Adedeji
Previous Post

Last-Minute U-Turns Mark Federal Appointees’ Resignation Deadline Ahead of 2027 Elections

Next Post

Drama at Mapo Hall: Three Ibadan Chiefs Crowned in Absentia Amid Political Speculations

Related Posts

News

June 12: Obasa Reaffirms Faith in Democracy, Renewed Hope Agenda, Calls for Peace in APC

June 12, 2026
Kadiri Obafemi Hamzat Emerges APC Governorship Candidate for 2027, Receives Praise from Lawmaker Ogundipe
News

Kadiri Obafemi Hamzat Emerges APC Governorship Candidate for 2027, Receives Praise from Lawmaker Ogundipe

May 24, 2026
Family of Slain Ogbomosho Teacher Urges Nigerians to Stop Sharing Graphic Content
News

Family of Slain Ogbomosho Teacher Urges Nigerians to Stop Sharing Graphic Content

May 22, 2026
Next Post
Drama at Mapo Hall: Three Ibadan Chiefs Crowned in Absentia Amid Political Speculations

Drama at Mapo Hall: Three Ibadan Chiefs Crowned in Absentia Amid Political Speculations

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

BROWSE BY CATEGORIES

  • #SmartLagos
  • Accident
  • Aviation
  • Award
  • Banking
  • Basketball
  • Beauty
  • Boxing
  • Brands
  • Breaking
  • Business
  • Careers
  • Community development
  • Crime
  • Culture
  • Default
  • Domestic violence
  • Economy
  • Education
  • Empowerment
  • Entertainment
  • Environment
  • Event
  • Fashion
  • Featured
  • Finance
  • Football
  • Gaming
  • Gist
  • Golf
  • Health
  • Inspirational Patience
  • Interview
  • Investigative
  • Law
  • Lifestyle
  • local
  • MetroMan
  • MetroPerson
  • metroplus
  • MetroProfile
  • Movies
  • Music
  • MUSIC
  • New Music
  • News
  • nolly wood
  • Nollywood
  • Novels
  • Odawood
  • Oil&Gas
  • Opinion
  • Parenting
  • Photos
  • Politics
  • Press Release
  • Relationship
  • Religion
  • Scandal
  • Security
  • Sex
  • Society
  • Sports
  • Tech
  • Technology
  • Travel
  • TV
  • Videos
  • Weird
  • Wheels
  • World

BROWSE BY TOPICS

#COVID19Nigeria 2027 elections APC Atiku Abubakar boko haram Bola Tinubu Buhari Bukola Saraki business CBN court COVID-19 crime davido ECOWAS Edo Election Edo State Election efcc Featured Federal Government FG INEC Kayode Fayemi Lagos Lagos State Muhammadu Buhari NCDC NDLEA news Nigeria nigeria news Nigerian politics Nigeria politics NLC Nollywood Obaseki ogun state PDP Peter Obi police politics senate tinubu wike Yemi Osinbajo


Recent News

  • PFIPC Scandal: Adeyemi Denies Ever Meeting Gbajabiamila, Vows to Surrender to Police, DSS
  • Fake Agency Scandal: Presidency Under Pressure As Police Arrest Adeyemi’s Father
  • Why I Allowed Priscilla’s Dad At Her Wedding – Iyabo Ojo
  • About Us
  • Letter to the Editor
  • Data Usage Policy
  • Contact Us

© Copyright MetroNews NG 2020. All rights reserved.

No Result
View All Result
  • Metro
  • Lagos
    • Opinion
    • Interview
    • Weird
  • World
  • Business
  • Sports
  • Nollywood
  • Odawood
  • Lifestyle
    • Careers
    • Education
    • Health
  • MetronewsNG TV

© Copyright MetroNews NG 2020. All rights reserved.