The Federal Government has announced that revenue from the solid minerals sector has reached N44.65 billion in just eight months of 2025, already surpassing the total earnings recorded for the entire year of 2024.

The Ministry of Solid Minerals Development attributed the impressive performance to ongoing reforms introduced under President Bola Ahmed Tinubu’s administration to reposition the sector as a major revenue earner for the country.

According to the ministry, stricter monitoring, improved transparency, and enhanced enforcement of regulations have significantly boosted revenue collection and curbed leakages in the sector.

The Federal Government noted that the solid minerals industry remains critical to diversifying Nigeria’s economy, reducing dependence on oil, and creating new opportunities for investment, jobs, and regional development.