Nigerian govt increases mining rates for minerals

The federal government has increased the rates and charges for all activities in the mining sector.

The Minister of Solid Minerals Development, Dele Alake, who disclosed this while briefing journalists on the new charges on Thursday in Abuja, expressed concerns over non-remittance by some operators.

Mr Alake said that mining operators in the industry were making huge amounts of money but refused to remit appropriate taxes to the federal government.