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Laws of Nigeria

Ministry of Solid Minerals Development - New rates regime (press briefing notice), Reviewed Royalty Rates and Reviewed Fees effective 4 July 2024

Text as of 2026-09-28

Public law and official guidance, published as research. Not legal, tax or financial advice.

About this law

Kind
Notice
Number
none (Ministry notice; not an amending statutory instrument)
Issued by
Ministry of Solid Minerals Development (Minister Dele Alake)
Country
Nigeria

Where to read it

Text

The law's own text, section by section, as held. Each section has its own link.

  1. 2024 — DURING THE PRESS BRIEFING

    2024 DURING THE PRESS BRIEFING In furtherance of government’s efforts to implement the seven-point agenda to reposition the sector for economic consolidation and international competitiveness, the Honourable Minister of Solid Minerals Development, Dr. Dele Alake announced a new regime of rates and charges for various services of the Departments and Agencies of the Ministry. According to the Honourable Minister, the new rates take immediate effect. Out of the 268 items in the rates regime, the major highlights are as follows:  Applicants for Mining Lease N3,000,000  Reconnaissance Permit N300,000  Exploration License N600,000  Small Scale Mining License N300,000  Quarry Lease N600,000  Water User Permit N300,000  Annual Service Fee Is Now N31,500 Per Cadastral Unit For The First Time  Small-Scale Mining N260,000  Quarry Lease N500,000  Mining Lease N1,250,000 <!-- page break -->  Penalties for Late Renewal of Mineral Titles: Reconnaissance Permit N600,000; Exploration License N1,500,000; Mining Lease N3,000,000 Quarry Lease N1,500,000  Royalty Rate Per Standard Weight of Minerals Will now Cost 100 Percent More. Baryte, With N42,000 As Market Value Per Tonne Attracts N2,100 Royalty; Coal, With N100,000 Per Tonne Market Value Attracts N3,000; Gold, With N1,081,200 Per Ounce as Market Value Attracts N36,436 Royalty Per Tonne; Lead/Zinc Concentrate with 480,000 Per Tonne as Market Value Attracts A Royalty Of N14,400 Per Tonne.  Lithium Ore (Lepidolite) At The Current Market Value of N600,000 Per Tonne, Attracts N18000 Royalty Per Tonne; Lithium (Kunzite) With Current Market Value at N3Million Per Tonne, Attracts N90,000 Royalty Per Tonne and Lithum Ore, (Spodumene) With Current Market Value of N316,667 Per Tonne Attracts N9,500 Royalty Per Tonne.  License to Manufacture Explosives Now Costs N20Million, Modifying Explosives, N10Million and Sale of Explosives for Mining, N500,000.  Investors Willing to Obtain License to Refine Gold Will Pay N5Million and Permit to Operate a Mineral Processor Costs N100,000.  Mineral Resources Map of Nigeria Will Cost N500,000 And The Geological Map of Nigeria Now Costs N300,000. <!-- page break --> MINISTRY OF SOLID MINERALS DEVELOPMENT REVIEWED ROYALTY RATES FOR MINERALS PRODUCED IN NIGERIA EFFECTIVE DATE: 4TH JULY, 2024 APPROVED APROVED S/NO. MINERAL TYPES ADVALOREM MARKET VALUE ROYALTY RATE % (N) (N)

  2. 1 — ANTIMONY ORE 3 200,000/T 6,000/T

    1 ANTIMONY ORE 3 200,000/T 6,000/T

  3. 2 — AMETHYST 5 16,000/Kg 800/Kg

    2 AMETHYST 5 16,000/Kg 800/Kg

  4. 3 — AQUAMARINE 5 5,000/g 250/g

    3 AQUAMARINE 5 5,000/g 250/g

  5. 4 — BARYTES 5 42,000/T 2,100/T

    4 BARYTES 5 42,000/T 2,100/T

  6. 5 — BAUXITE 3 20,000/T 600/T

    5 BAUXITE 3 20,000/T 600/T

  7. 6 — BENTONITE 5 12,000/T 600/T

    6 BENTONITE 5 12,000/T 600/T

  8. 7 — BERYLLIUM 5 400,000/T 20,000/T

    7 BERYLLIUM 5 400,000/T 20,000/T

  9. 8 — BISMUTH 3 6,667/T 200/T

    8 BISMUTH 3 6,667/T 200/T

  10. 9 — BITUMEN/ 3 33,333/T 1,000/T

    9 BITUMEN/ 3 33,333/T 1,000/T TAR SAND

  11. 10 — CHALCOPYRITE 3 120,000/T 3,600/T

    10 CHALCOPYRITE 3 120,000/T 3,600/T

  12. 11 — CHROMITE 5 200,000/T 10,000/T

    11 CHROMITE 5 200,000/T 10,000/T

  13. 12 — CLAY 5 4,000/T 200/T

    12 CLAY 5 4,000/T 200/T

  14. 13 — COAL 3 100,000/T 3,000/T

    13 COAL 3 100,000/T 3,000/T COLUMBITE ORE 6,000,000/T 180,000/T 14 3 (<30% Nb2O5) COLUMBITE 10,000,000/T 300,000/T

  15. 15 — CONCENTRATE 3

    15 CONCENTRATE 3 (>30% Nb2O5)

  16. 16 — COPPER ORE 3 120,000/T 3,600/T

    16 COPPER ORE 3 120,000/T 3,600/T <!-- page break --> APPROVED APROVED S/NO. MINERAL TYPES ADVALOREM MARKET VALUE ROYALTY RATE % (N) (N)

  17. 17 — CORUNDUM 5 2,400/g 120/g

    17 CORUNDUM 5 2,400/g 120/g

  18. 18 — CRYSTAL QUARTZ 5 4,000/kg 200/kg

    18 CRYSTAL QUARTZ 5 4,000/kg 200/kg

  19. 19 — DIATOMITE 5 100,000/T 5,000/T

    19 DIATOMITE 5 100,000/T 5,000/T

  20. 20 — DOLOMITE 5 4,000/T 200/T

    20 DOLOMITE 5 4,000/T 200/T

  21. 21 — EMERALD 5 20,000/g 1,000/g

    21 EMERALD 5 20,000/g 1,000/g

  22. 22 — FELDSPAR 5 8,000/T 400/T

    22 FELDSPAR 5 8,000/T 400/T

  23. 23 — FLOURITE 5 46,000/T 2,300/T

    23 FLOURITE 5 46,000/T 2,300/T

  24. 24 — GARNET 5 240,000/kg 12,000/Kg

    24 GARNET 5 240,000/kg 12,000/Kg GOLD 1,081,200/Oz 32,436/Oz 25 3 CONCENTRATE

  25. 26 — GRANITE BLOCKS 5 80,000/m3 4,000/m3

    26 GRANITE BLOCKS 5 80,000/m3 4,000/m3 GRANITE 6,000/T 300/T 27 5 AGGREGATES

  26. 28 — GRANITE DUST 5 3,000/T 150/T

    28 GRANITE DUST 5 3,000/T 150/T

  27. 29 — GRAPHITE 5 80,000/T 4,000/T

    29 GRAPHITE 5 80,000/T 4,000/T

  28. 30 — GYPSUM 5 12,000/T 600/T

    30 GYPSUM 5 12,000/T 600/T

  29. 31 — ILMENITE 3 33,333.3/T 1,000/T

    31 ILMENITE 3 33,333.3/T 1,000/T INDUSTRIAL 8,000/T 400/T 32 5 QUARTZ

  30. 33 — IRON ORE 3 20,000/T 600/T

    33 IRON ORE 3 20,000/T 600/T

  31. 34 — KAOLIN (CRUDE) 5 6,000/T 300/T

    34 KAOLIN (CRUDE) 5 6,000/T 300/T KAOLIN 8,000/T 400/T 35 5 (PULVERIZED)

  32. 36 — LATERITE 5 2,000/T 100/T

    36 LATERITE 5 2,000/T 100/T LEAD/ZINC ORE 100,000/T 3,000/T 37 3 (<55%Pb) <30% Zn) <!-- page break --> APPROVED APROVED S/NO. MINERAL TYPES ADVALOREM MARKET VALUE ROYALTY RATE % (N) (N) LEAD/ZINC 480,000/T 14,400/T CONCENTRATE 38 3 (>55%Pb), >30% Zn) LIMESTONE 4,000/T 200/T 39 5 (CRUDE) LITHIUM ORE 600,000/T 18,000/T 40 3 (LEPIDOLITE) LITHIUM ORE 3,000,000/T 90,000/T 41 3 (KUNZITE)

  33. 42 — LITHIUM ORE 3 316,667/T 9,500/T

    42 LITHIUM ORE 3 316,667/T 9,500/T (SPODUMENE)

  34. 43 — MAGNESITE 3 13,333.3/T 400/T

    43 MAGNESITE 3 13,333.3/T 400/T MARBLE 8,000/T 400/T 44 5 AGGREGATES

  35. 45 — MARBLE BLOCKS 5 60,000/m3 3,000/m3

    45 MARBLE BLOCKS 5 60,000/m3 3,000/m3

  36. 46 — MANGANESE 3 23,334/T 700/T

    46 MANGANESE 3 23,334/T 700/T

  37. 47 — MOLYBDENUM 3 20,667/kg 620/kg

    47 MOLYBDENUM 3 20,667/kg 620/kg

  38. 48 — MONAZITE 20,000/T 1,000/T

    48 MONAZITE 20,000/T 1,000/T 5

  39. 49 — MICA 5 20,000/T 1,000/T

    49 MICA 5 20,000/T 1,000/T

  40. 50 — NICKEL 5 200,000/T 10,000/T

    50 NICKEL 5 200,000/T 10,000/T

  41. 51 — PHOSPHATE 5 8,000/T 400/T

    51 PHOSPHATE 5 8,000/T 400/T

  42. 52 — PYRITE 3 3,334/T 100/T

    52 PYRITE 3 3,334/T 100/T

  43. 53 — RUBY 5 6,000/g 300/gm

    53 RUBY 5 6,000/g 300/gm

  44. 54 — RUTILE 3 100,000/T 3,000/T

    54 RUTILE 3 100,000/T 3,000/T

  45. 55 — SALT 5 2,400/T 120/T

    55 SALT 5 2,400/T 120/T SAND 2,000/T 100/T 56 5

  46. 57 — SAPPHIRE 5 20,000/g 1,000/g

    57 SAPPHIRE 5 20,000/g 1,000/g <!-- page break --> APPROVED APROVED S/NO. MINERAL TYPES ADVALOREM MARKET VALUE ROYALTY RATE % (N) (N)

  47. 58 — SHALE 5 1,200/T 60/T

    58 SHALE 5 1,200/T 60/T 4,000/T 200/T

  48. 59 — SILICA SAND 5

    59 SILICA SAND 5 SILVER ORE 667/g 20/gm 60 3 SODA ASH/TRONA 40,000/T 2,000/T 61 5 8,000/T 400/T

  49. 62 — TALC 5

    62 TALC 5 TANTALITE 12,000,000/T 360,000/T

  50. 63 — (CRUDE) 3

    63 (CRUDE) 3 (<30% Ta2O5) TANTALITE 60, 000,000/T 1,800,000/T

  51. 64 — CONCENTRATE 3

    64 CONCENTRATE 3 (>30% Ta2O5) 4,000,000/T 120,000/T

  52. 65 — TIN ORE(<50%Sn) 3

    65 TIN ORE(<50%Sn) 3 TIN CONCENTRATE 6,000,000/T 180,000/T 66 3 (>50%Sn) 20,000/kg 1,000/Kg

  53. 67 — TOPAZ 5

    67 TOPAZ 5 TOURMALINE 5,000/g 250/g 68 5 (GREEN) TOURMALINE 6,000/g 300/g 69 5 (PINK & BLUE) 3,333.3/Kg 100/Kg

  54. 70 — WOLFRAMITE 3

    70 WOLFRAMITE 3 200,000/Kg 10,000/kg

  55. 71 — ZIRCON 5

    71 ZIRCON 5 20,000/T 1,000/T

  56. 72 — ZIRCON SAND 5

    72 ZIRCON SAND 5 NOTE: Implementation of the new royalty regime takes effect from 4th July, 2024 <!-- page break --> MINISTRY OF SOLID MINERALS DEVELOPMENT REVIEWED FEES WITH EFFECT FROM 4TH JULY, 2024 S/NO. LICENCES/PERMITS APPROVED FEES (N)

  57. 1 — License to Manufacture Explosives 20,000,000.00

    1 License to Manufacture Explosives 20,000,000.00

  58. 2 — Permit to Modify Explosives

    2 Permit to Modify Explosives 10,000,000.00 Manufacturing Plants

  59. 3 — License to Sell Explosives 500,000.00

    3 License to Sell Explosives 500,000.00

  60. 4 — License to Import Explosives 2,000,000.00

    4 License to Import Explosives 2,000,000.00

  61. 5 — Permit to Buy Explosives 60,000.00

    5 Permit to Buy Explosives 60,000.00

  62. 6 — Permit to Mix and Use ANFO 100,000.00

    6 Permit to Mix and Use ANFO 100,000.00

  63. 7 — Registration of Approved Responsible

    7 Registration of Approved Responsible 100,000.00 Persons (ER 9(1)

  64. 8 — License to Erect Renewal of 200,000.00

    8 License to Erect Renewal of 200,000.00 Magazine(Permanent) (For each Facility)

  65. 9 — License to Erect /Renewal of

    9 License to Erect /Renewal of 500,000.00 Magazine(Trailer Mounted)

  66. 10 — License for Blasting Certificate 100,000.00

    10 License for Blasting Certificate 100,000.00

  67. 11 — Special Blasting Permit 200,000.00

    11 Special Blasting Permit 200,000.00

  68. 12 — Permit to Transfer Explosives 50,000.00

    12 Permit to Transfer Explosives 50,000.00

  69. 13 — Revalidation of expired permit 70,000.00

    13 Revalidation of expired permit 70,000.00

  70. 14 — De-commissioning of storage facilities 200,000.00

    14 De-commissioning of storage facilities 200,000.00

  71. 15 — License to Erect explosives

    15 License to Erect explosives 100,000.00 Store/Renewal <!-- page break --> S/NO. LICENCES/PERMITS APPROVED FEES (N)

  72. 16 — Handlers Permit 40,000.00

    16 Handlers Permit 40,000.00

  73. 17 — Explosives transport box 100,000.00

    17 Explosives transport box 100,000.00

  74. 18 — License to purchase and possess

    18 License to purchase and possess 100,000.00 Minerals/Renewal

  75. 19 — License purchase Minerals (Gold and

    19 License purchase Minerals (Gold and 200,000.00 Precious Stones)

  76. 20 — Permit to export Minerals for commercial

    20 Permit to export Minerals for commercial 100,000.00 purpose

  77. 21 — Permit to export Minerals for Analysis 10,000.00

    21 Permit to export Minerals for Analysis 10,000.00

  78. 22 — Gold refinery License 5,000,000.00

    22 Gold refinery License 5,000,000.00

  79. 23 — Modular Gold Refinery License 500,000.00

    23 Modular Gold Refinery License 500,000.00

  80. 24 — Registration to operate a waste

    24 Registration to operate a waste 2,000,000.00 management facility

  81. 25 — Night operations in quarry/mines 400,000.00

    25 Night operations in quarry/mines 400,000.00

  82. 26 — Permit for registration as Mineral

    26 Permit for registration as Mineral 100,000.00 processor

  83. 27 — Registration of accredited agents for

    27 Registration of accredited agents for 60,000.00 movement of minerals NOTE: Implementation of the new fees takes effect from 4th July, 2024 <!-- page break -->

Ministry of Solid Minerals Development - New rates regime (press briefing notice), Reviewed Royalty Rates and Reviewed Fees effective 4 July 2024 · Nelum