The Federal Government has revoked 1,263 mining licences across the country in a move aimed at curbing dormant and speculative practices in the sector.
The affected permits include exploration licences, mining leases, quarry licences, and small-scale mining leases.
Authorities said the action is part of broader efforts to revitalise the industry by ensuring only active and credible operators remain in business. Defaulters will be required to settle outstanding fees, while the Economic and Financial Crimes Commission (EFCC) is expected to provide oversight to guarantee compliance and transparency.
The government added that the measures are designed to stimulate fresh investment, strengthen local participation, and enforce value-addition through domestic mineral processing.