INTRODUCTION
The Nigerian mining sector ("the Sector") has recently
witnessed some notable advancements, driven by strategic reforms,
digitalization and enhanced regulatory oversight. For instance, the
Nigerian Mining Cadastre Office (MCO) in 2024, achieved a record
revenue of ₦8.2 billion1, (₦6.1 billion,
December 2023) reflecting a substantial boost in revenues. This
significant growth in revenue may not be unconnected to the
increment in dues / fees / rates charged by the Ministry, increased
transparency, streamlined processes and the adoption of digital
solutions aimed at improving efficiency (compared to a cumulative
collection of about ₦36 billion for 17 years since its
inception in 2007 till 2023).
