Mining Reforms Drive Nigeria’s Revenue from ₦6bn to ₦68bn in 2025
Nigeria’s mining sector revenue surged to ₦68.1 billion in 2025, up from ₦38 billion in 2024 and just ₦6 billion when the current government took office. The boost follows the April 2024 cancellation of 924 inactive licences, freeing up exploration, mining and quarry leases for serious investors. The introduction of the eMC+ digital platform has further streamlined licensing, monitoring and enforcement. Results include 142 new mining companies, 431 Mineral Buying Centres, and over 500,000 additional tonnes of mineral output. New cooperatives for small-scale miners are active, and local processing rules aim to expand jobs and industrial growth. Challenges remain around infrastructure and data, which the government plans to address.
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