• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, October 24, 2026
Leadership Newspapers
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
Hausa Edition
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NRS Takes Over Minerals Royalties Collection from Mining

Kingsley Okoh by Kingsley Okoh
7 months ago
in News
IMG 7522
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigeria Revenue Service (NRS) will now take over the collection of mineral royalties from mining companies nationwide in line with ongoing reforms in the country’s tax system.

Under the new structure, the Ministry of Solid Minerals Development will continue to supervise and regulate activities in the mining sector, while the NRS will handle the collection and accounting of all royalties due to the government.

This decision followed a meeting between the Minister of Solid Minerals Development, Mr Dele Alake, and the Chairman of the NRS, Dr Zacch Adedeji, held on Thursday in Abuja. The meeting focused on strengthening collaboration between both institutions and ensuring a smooth implementation of the new framework.

According to a statement issued on Friday by Dare Adekanmbi, Special Adviser to the NRS Chairman, the new arrangement takes effect from January 1, 2026. It is based on the Nigeria Tax Laws 2025, which gave the NRS the authority to administer all federally collectable revenues.

The statement explained that the transition was agreed upon by both parties and formally documented in a joint statement endorsed by the minister and the NRS chairman.

RELATED NEWS

Defence Minister Challenges Unity School Alumni To Rescue Nigeria’s Education

Netherlands Returns Stolen Benin Artefact 129 Years After British Invasion

Asari Seeks Historic Cultural, Economic Alliance With Ile Ife

“The Ministry of Solid Minerals Development and the Nigeria Revenue Service wish to inform mining operators and the general public of the outcome of their meeting held on April 2, 2026, on the collaborative implementation of mineral royalty administration under the Nigeria Tax Laws 2025,” the statement said.

It added, “Following the enactment of the laws by President Bola Tinubu on June 26, 2025, the administration of mineral royalties, effective January 1, 2026, has transitioned to NRS.”

Despite the shift in revenue collection, the ministry will remain actively involved in the process by providing technical support. This includes supplying mineral pricing data, geological information, and coordinating industry activities to support royalty administration.

“The Ministry of Solid Minerals Development continues to serve as a vital technical partner, providing mineral pricing data, geological information, and industry coordination in support of the royalty process,” the statement added.

Both institutions said they would work closely to ensure that mining operators clearly understand the new system and comply with the requirements without disruption to their operations.

To support this, the government plans to roll out a nationwide sensitisation programme aimed at educating operators on how to file and pay royalties under the new tax regime.

In addition, authorities are developing a modern digital system that will manage the entire royalty process from start to finish. Regular technical meetings between the ministry and the NRS are also expected to address any operational challenges that may arise.

The statement assured stakeholders that the new arrangement is designed to improve transparency and efficiency in revenue collection while supporting the growth of the mining sector.

“The Ministry of Solid Minerals Development and NRS assured mining operators and the public that both institutions are fully aligned and committed to working together to implement the new royalty framework in a manner that is orderly, transparent, and supportive of the mining sector,” it said.

Mining operators were advised to continue meeting their obligations as required under the law and to take part in the upcoming sensitisation programmes to better understand the new system.

We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can invest ₦2.5million on premium domains and earn about ₦17-25Million. Earnings in USD. Rather than wonder, click here to find out how it works

Kingsley Okoh

Kingsley Okoh

Kingsley Okoh is a Business Reporter with Leadership Newspaper and a graduate of Delta State University, where he earned a B.Sc. in Sociology. He specialises in SMEs, real estate, and FMCG brands, and is known for exclusive business reports, compelling human-interest stories, and in-depth features that track emerging industry trends and market dynamics.

OTHER NEWS UPDATES

Defence Minister Challenges Unity School Alumni To Rescue Nigeria’s Education
Education

Defence Minister Challenges Unity School Alumni To Rescue Nigeria’s Education

6 minutes ago
Netherlands Returns Stolen Benin Artefact 129 Years After British Invasion
News

Netherlands Returns Stolen Benin Artefact 129 Years After British Invasion

9 minutes ago
News

Asari Seeks Historic Cultural, Economic Alliance With Ile Ife

9 minutes ago
Next Post
Women Hold Wealth Creation Conference

Foundation, Swiss Embassy Launch Initiative For Women

LATEST UPDATE

Defence Minister Challenges Unity School Alumni To Rescue Nigeria’s Education

6 minutes ago

Netherlands Returns Stolen Benin Artefact 129 Years After British Invasion

9 minutes ago

Asari Seeks Historic Cultural, Economic Alliance With Ile Ife

9 minutes ago

Tesla In Full Self-Driving Mode Hits, Kills 71-Year-Old Pedestrian In California

11 minutes ago

“I Don’t Have Respect, Stop Teaching Me”- Tik Toker Jarvis Fires Back at Critics Urging Her to Respect Peller Amid Family Drama 

12 minutes ago

Bobb’s Late Winner Secures Fulham Victory At Coventry

13 minutes ago

FIFA Normalisation Committee: Gombe FA Chief Backs Move, Jalla Says Stakeholders Wanted It

14 minutes ago

Como Follow Man Utd Thumping With Victory In Serie A

18 minutes ago

Kogi Counters Claims Of Unpaid Judicial Gratuities, Says N278m Paid To 15 Retirees  

21 minutes ago

Wike Defends Tinubu’s Reforms, Says Hard Decisions Needed To Move Nigeria Forward

21 minutes ago
Load More
Facebook Twitter Instagram Youtube Whatsapp

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino | Polskie Kasyno.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino | Polskie Kasyno.