New Tax Law Empowers Revenue Service To Collect Mineral Royalties
It has been clarified that the new tax law in Nigeria empowers the Nigeria Revenue Service, NRS, to collect mining royalties in the country. The Ministry of Solid Minerals Development will continue its technical and regulatory oversight on the sector.
The clarification was made at a meeting of the Minister of Solid Minerals Development, Dele Alake, and NRS chairman, Zacch Adedeji, at the Minister's office in Abuja, to define collaborative ways of working together.
The new tax laws empowers NRS to administer all federally collectable revenue and account for the same.
The Special Adviser to the NRS Chairman, Dare Adekanmbi, said the decision, effective January 1, 2026, was contained in a joint statement endorsed by both Alake and Adedeji.
With the new development, the Ministry of Solid Minerals Development will continue to serve as a vital technical partner, providing mineral pricing data, geological information, and industry coordination in support of the royalty process.
Also, both institutions have agreed to work closely together to ensure that operators are well-informed, and that the new royalty framework is implemented in a way that supports the growth and development of the solid minerals sector.
The statement indicated that there will be a joint nationwide sensitisation programme for operators in the sector, particularly, to guide royalty filing and payment as spelt out under the new tax laws.
The new royalty regime will also see the development of a modern, end-to-end digital royalty administration system. At the same time, joint technical sessions shall be held regularly to coordinate and resolve issues that may arise.
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.