The Mining Cadastre Workplace (MCO) has introduced a major income increase, producing N10.9 billion between January and April 2025, marking a serious milestone within the company’s efforts to reform and modernize Nigeria’s strong minerals sector.
This was disclosed in a press release issued on Sunday in Abuja by the Head of Press of the company, Mrs. Grace Okeke, quoting the Director-Common of MCO, Mr. Simon Nkom, Information Company of Nigeria (NAN) studies.
In keeping with Nkom, the income milestone is essentially attributed to the continued reforms spearheaded by the Minister of Strong Minerals Growth, Dr. Dele Alake, aimed toward repositioning the mining sector as a key contributor to Nigeria’s non-oil income base.
Nairametrics had earlier reported that the MCO collected roughly N7 billion in mining charges and registered 118 new non-public mineral shopping for centres within the first quarter of 2025 alone. The charges stemmed from 955 functions for mining title grants, which included:
The MCO Director-Common emphasised the company’s dedication to transparency, accountability, and operational effectivity, highlighting the 2022 deployment of the Digital Mining Cadastre (eMC+) system as a game-changer.
Nkom stated digital migration has considerably enhanced accessibility, lowered bureaucratic bottlenecks, and strengthened regulatory oversight within the sector.
He added that the MCO is actively collaborating with key authorities establishments such because the Nigerian {Financial} Intelligence Unit (NFIU), the {Economic} and {Financial} Crimes Fee (EFCC), and the Nigeria Police Power to deepen regulatory compliance and curb {financial} misconduct inside the mining worth chain.
Nkom additionally disclosed that the company is working carefully with the Company Affairs Fee (CAC) to make sure that solely correctly registered and compliant firms are granted licences to function within the mining trade.
The current developments on the MCO mirror a broader nationwide technique to diversify Nigeria’s income streams and scale back its dependence on oil. With reforms gaining traction and digital methods enhancing effectivity, the mining sector is poised to play a central position in Nigeria’s {economic} transformation.
