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Laws of Nigeria

Ministry of Mines and Steel Development - Reviewed Royalty Rates for Minerals Produced in Nigeria (effective 1 May 2022)

Text as of 2026-09-28

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

About this law

Kind
Other
Number
none (Ministry notice)
Issued by
Ministry of Mines and Steel Development
Country
Nigeria

Where to read it

Text

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

  1. 1 — ANTIMONY ORE 3 100,000/T 3,000/T

    1 ANTIMONY ORE 3 100,000/T 3,000/T

  2. 2 — AMETHYST 5 8,000/kg 400/Kg

    2 AMETHYST 5 8,000/kg 400/Kg

  3. 3 — AQUAMARINE 5 2,000/g 100/gm

    3 AQUAMARINE 5 2,000/g 100/gm

  4. 4 — BARYTES 5 21,000/T 1,050/T

    4 BARYTES 5 21,000/T 1,050/T

  5. 5 — BAUXITE 3 10,000/T 300/T

    5 BAUXITE 3 10,000/T 300/T

  6. 6 — BENTONITE 5 6,000/T 300/T

    6 BENTONITE 5 6,000/T 300/T

  7. 7 — BERYLLIUM 5 200,000/T 10,000/T

    7 BERYLLIUM 5 200,000/T 10,000/T

  8. 8 — BISMUTH 3 3,333/T 100/T

    8 BISMUTH 3 3,333/T 100/T

  9. 9 — BITUMEN/ TAR SAND 3 16,667/T 500/T

    9 BITUMEN/ TAR SAND 3 16,667/T 500/T

  10. 10 — CHALCOPYRITE 3 60,000/T 1,800/T

    10 CHALCOPYRITE 3 60,000/T 1,800/T

  11. 11 — CHROMITE 5 100,000/T 5,000/T

    11 CHROMITE 5 100,000/T 5,000/T

  12. 12 — CLAY 5 500/T 25/T

    12 CLAY 5 500/T 25/T

  13. 13 — COAL 3 5,000/T 150/T

    13 COAL 3 5,000/T 150/T

  14. 14 — COLUMBITE ORE 3 3,000,000/T 90,000/T

    14 COLUMBITE ORE 3 3,000,000/T 90,000/T (<30% Nb2O5) <!-- page break --> S/NO. MINERALS ADVALOREM APPROVED APPROVED % MARKET VALUE ROYALTY RATE (N) (N)

  15. 15 — COLUMBITE CONCENTRATE 3 5,000,000/T 150,000/T

    15 COLUMBITE CONCENTRATE 3 5,000,000/T 150,000/T (>30% Nb2O5)

  16. 16 — COPPER ORE 3 60,000/T 1,800/T

    16 COPPER ORE 3 60,000/T 1,800/T

  17. 17 — CORUNDUM 5 1200/g 60/g

    17 CORUNDUM 5 1200/g 60/g

  18. 18 — CRYSTAL QUARTZ 5 2,000/kg 100/kg

    18 CRYSTAL QUARTZ 5 2,000/kg 100/kg

  19. 19 — DIATOMITE 5 50,000/T 2,500/T

    19 DIATOMITE 5 50,000/T 2,500/T

  20. 20 — DOLOMITE 5 2,000/T 100/T

    20 DOLOMITE 5 2,000/T 100/T

  21. 21 — EMERALD 5 10,000/g 500/g

    21 EMERALD 5 10,000/g 500/g

  22. 22 — FELDSPAR 5 4,000/T 200/T

    22 FELDSPAR 5 4,000/T 200/T

  23. 23 — FLOURITE 5 23,100/T 1,155/T

    23 FLOURITE 5 23,100/T 1,155/T

  24. 24 — GARNET 5 120,000/kg 6,000/Kg

    24 GARNET 5 120,000/kg 6,000/Kg

  25. 25 — GOLD CONCENTRATE 3 540,600/Ounce 16,218/Ounce

    25 GOLD CONCENTRATE 3 540,600/Ounce 16,218/Ounce

  26. 26 — GRANITE BLOCKS 5 40,000/m3 2000/m3

    26 GRANITE BLOCKS 5 40,000/m3 2000/m3

  27. 27 — GRANITE AGGREGATES 5 3000/T 150/T

    27 GRANITE AGGREGATES 5 3000/T 150/T

  28. 28 — GRANITE DUST 5 1,500/T 75/T

    28 GRANITE DUST 5 1,500/T 75/T

  29. 29 — GRAPHITE 5 40,000/T 2,000/T

    29 GRAPHITE 5 40,000/T 2,000/T

  30. 30 — GYPSUM 5 6,000/T 300/T

    30 GYPSUM 5 6,000/T 300/T

  31. 31 — ILMENITE 3 16,667/T 500/T

    31 ILMENITE 3 16,667/T 500/T

  32. 32 — INDUSTRIAL QUARTZ 5 4,000/T 200/T

    32 INDUSTRIAL QUARTZ 5 4,000/T 200/T

  33. 33 — IRON ORE 3 10,000/T 300/T

    33 IRON ORE 3 10,000/T 300/T

  34. 34 — KAOLIN (CRUDE) 5 3000/T 150/T

    34 KAOLIN (CRUDE) 5 3000/T 150/T <!-- page break --> S/NO. MINERALS ADVALOREM APPROVED APPROVED % MARKET VALUE ROYALTY RATE (N) (N)

  35. 35 — KAOLIN (PULVERIZED) 5 4,000/T 200/T

    35 KAOLIN (PULVERIZED) 5 4,000/T 200/T

  36. 36 — LATERITE 5 800/T 40/T

    36 LATERITE 5 800/T 40/T

  37. 37 — LEAD/ZINC ORE 3 50,000/T 1,500/T

    37 LEAD/ZINC ORE 3 50,000/T 1,500/T (<55%Pb) <30% Zn)

  38. 38 — LEAD/ZINC CONCENTRATE 3 240,000/T 7,200/T

    38 LEAD/ZINC CONCENTRATE 3 240,000/T 7,200/T (>55%Pb), >30% Zn)

  39. 39 — LIMESTONE (CRUDE) 5 1,500/T 75/T

    39 LIMESTONE (CRUDE) 5 1,500/T 75/T

  40. 40 — LITHIUM ORE 5 95,000/T 4,750/T

    40 LITHIUM ORE 5 95,000/T 4,750/T

  41. 41 — MAGNESITE 3 6,667/T 200/T

    41 MAGNESITE 3 6,667/T 200/T

  42. 42 — MARBLE AGGREGATES 5 4,000/T 200/T

    42 MARBLE AGGREGATES 5 4,000/T 200/T

  43. 43 — MARBLE BLOCKS 5 30,000/m3 1,500/m3

    43 MARBLE BLOCKS 5 30,000/m3 1,500/m3

  44. 44 — MANGANESE 3 11,667/T 350/T

    44 MANGANESE 3 11,667/T 350/T

  45. 45 — MOLYBDENUM 3 10,333/kg 310/kg

    45 MOLYBDENUM 3 10,333/kg 310/kg

  46. 46 — MONAZITE 5 10,000/T 500/T

    46 MONAZITE 5 10,000/T 500/T

  47. 47 — MICA 5 2000/T 100/T

    47 MICA 5 2000/T 100/T

  48. 48 — NICKEL 5 100,000/T 5,000/T

    48 NICKEL 5 100,000/T 5,000/T

  49. 49 — PHOSPHATE 5 4,000/T 200/T

    49 PHOSPHATE 5 4,000/T 200/T

  50. 50 — PYRITE 3 1,667/T 50/T

    50 PYRITE 3 1,667/T 50/T

  51. 51 — RUBY 5 3,000/g 150/gm

    51 RUBY 5 3,000/g 150/gm

  52. 52 — RUTILE 3 50,000/T 1,500/T

    52 RUTILE 3 50,000/T 1,500/T

  53. 53 — SALT 5 1,200/T 60/T

    53 SALT 5 1,200/T 60/T <!-- page break --> S/NO. MINERALS ADVALOREM APPROVED APPROVED % MARKET VALUE ROYALTY RATE (N) (N)

  54. 54 — SAND 5 1000/T 50/T

    54 SAND 5 1000/T 50/T

  55. 55 — SAPPHIRE 5 10,000/g 500/g

    55 SAPPHIRE 5 10,000/g 500/g

  56. 56 — SHALE 5 600/T 30/T

    56 SHALE 5 600/T 30/T

  57. 57 — SILICA SAND 5 2,000/T 100/T

    57 SILICA SAND 5 2,000/T 100/T

  58. 58 — SILVER ORE 3 335/gm 10/gm

    58 SILVER ORE 3 335/gm 10/gm

  59. 59 — SODA ASH/TRONA 5 20,000/T 1,000/T

    59 SODA ASH/TRONA 5 20,000/T 1,000/T

  60. 60 — SPODUMENE 5 95,000/T 4,750/T

    60 SPODUMENE 5 95,000/T 4,750/T

  61. 61 — TALC 5 4,000/T 200/T

    61 TALC 5 4,000/T 200/T

  62. 62 — TANTALITE (CRUDE) 3 6,000,000/T 180,000/T

    62 TANTALITE (CRUDE) 3 6,000,000/T 180,000/T (<30% Ta2O5)

  63. 63 — TANTALITE CONCENTRATE 3 30, 000,000/T 900,000/T

    63 TANTALITE CONCENTRATE 3 30, 000,000/T 900,000/T (>30% Ta2O5)

  64. 64 — TIN ORE 3 2,000,000/T 60,000/T

    64 TIN ORE 3 2,000,000/T 60,000/T (<50%Sn)

  65. 65 — TINCONCENTRATE 3 3,000,000/T 90,000/T

    65 TINCONCENTRATE 3 3,000,000/T 90,000/T (>50%Sn)

  66. 66 — TOPAZ 5 10,000/kg 500/Kg

    66 TOPAZ 5 10,000/kg 500/Kg

  67. 67 — TOURMALINE (GREEN) 5 2,000/g 100/g

    67 TOURMALINE (GREEN) 5 2,000/g 100/g

  68. 68 — TOURMALINE 5 3,000/g 150/g

    68 TOURMALINE 5 3,000/g 150/g (PINK & BLUE)

  69. 69 — WOLFRAMITE 3 1667/Kg 50/Kg

    69 WOLFRAMITE 3 1667/Kg 50/Kg

  70. 70 — ZIRCON 5 100,000/Kg 5,000/kg

    70 ZIRCON 5 100,000/Kg 5,000/kg

  71. 71 — ZIRCON SAND 5 10,000/T 500/T

    71 ZIRCON SAND 5 10,000/T 500/T [ NOTE: Implementation of the new royalty regime takes effect from 1st May, 2022. <!-- page break -->

Ministry of Mines and Steel Development - Reviewed Royalty Rates for Minerals Produced in Nigeria (effective 1 May 2022) · Nelum