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Home News Business & Economy

New tax laws: NRS takes over collection of mineral royalties

Mediatracnet by Mediatracnet
April 6, 2026
in Business & Economy, Energy Transition & Global Environment, News
0
New tax laws: NRS takes over collection of mineral royalties

L-R: Chairman, Nigeria Revenue Service (NRS), Zacch Adedeji, with Minister of Solid Minerals Development, Dele Alake during a collaborative meeting on mineral royalty administration in Abuja.

By Bassey Udo

The Nigeria Revenue Service (NRS) will henceforth be in charge of the collection of all royalties payable by mining sector operators to the government across the country, while the Ministry of Solid Minerals Development will continue to focus on its technical and regulatory oversight on the sector.

The delineation of roles were the outcome of a meeting in Abuja on Thursday between the Minister of Solid Minerals Development, Mr Dele Alake and the NRS Chairman, Zacch Adedeji, to define collaborative ways of working together under the new tax law.

The new tax laws, which became effective on January 1, 2026, empowered the NRS to administer all federally collectable revenue and account for the same.

“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,” a joint statement by both Alake and Adedeji said at the end of the meeting.

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

“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.

“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 said.

The statement said there would be a joint nationwide sensitisation programme for operators in the sector, particularly to guide the process of royalty filing and payment as spelt out under the new tax laws.

The new royalty regime, the statement added, would also see the development of a modern, end-to-end digital royalty administration system, while joint technical sessions shall be held regularly to coordinate and resolve issues that may arise.

Meanwhile, the statement assured mining operators and the public that the Ministry of Solid Minerals Development and NRS are fully aligned and committed to working together to implement the new royalty framework in an orderly, transparent, and supportive manner in the mining sector.

“Operators are encouraged to continue meeting their filing and payment obligations as required under the new tax laws, and to participate actively in the forthcoming sensitisation programme,” the statement added.

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