The Federal Government has revoked 924 dormant mineral licences.
Minister of Solid Development Minerals, Dele Alake, disclosed this at a press conference on Wednesday in Abuja.
The revoked licences include 528 exploration licences, 20 mining leases, 101 quarry licences and 273 small-scale mining licences.
He said the ministry had discovered a problem of licence racketeering among players in the sector.
Alake further stated that adequate notice was given to the concerned parties through the official gazette of the Federal Republic of Nigeria no 227 which was published on December 27, 2023.
He further said all concerned parties were given 30 days to regularise their status including clarifications on what caused the licence to be dormant.
