The Minister of Solid Minerals, Dele Alake, has reaffirmed his commitment to sanitising Nigeria’s mining sector, despite threats from some operators to pursue international arbitration following the revocation of 1,263 mining licences.

The licences were cancelled on September 21 over non-payment of annual service fees, with the Nigerian Mining Cadastral Office (MCO) directed to remove them from its electronic portal.

Speaking at the 10th Nigeria Mining Week in Abuja on Friday, themed “Nigeria Mining: From Progress to Global Relevance,” Alake said some operators had launched media campaigns against the reforms but insisted that the measures were necessary to ensure the country receives fair revenue from its mineral resources.

“The decision to revoke dormant licences is part of our effort to ensure that Nigeria’s mineral wealth contributes meaningfully to national development,” the minister said. “Some individuals have held licences since the Obasanjo era without putting them to productive use.”

Alake noted that the solid minerals sector’s contribution to the nation’s GDP has surged from below 0.5 percent a decade ago to about 4.65 percent today, with expectations for further growth. He added that the sector now attracts more investments, creates jobs, and positively impacts host communities.

He highlighted that the Nigeria Mining Week brings together over 3,500 delegates and 100 exhibitors, including international mining delegations from Africa, Europe, Asia, and the Middle East, showcasing Nigeria as an attractive destination for global investors.

“The reforms under the Renewed Hope Agenda have enhanced transparency, unlocked value, and positioned Nigeria’s mineral sector for global recognition. Together, through innovation and collaboration, we will cement Nigeria’s place in the global mining landscape,” Alake said.

Dele Ayanleke, President of the Miners Association of Nigeria (MAN), noted that the 10th edition of Nigeria Mining Week celebrates a decade of impact and innovation, with minerals like gold, lithium, and bitumen driving economic diversification and community development.

Organised by MAN in partnership with PricewaterhouseCoopers (PwC) and the VUKA Group, the event provides a platform for dialogue, reform, and technological advancement in the mining sector.