The Nigeria Mining Cadastra Office (NMCO) says it will attract more investors to invest in the mineral sector to generate more funds in 2022.
Mr Obadiah Nkom, the Director-General of NMCO made this known in an interview with the News Agency of Nigeria (NAN) on Monday in Abuja.
According to Nkom, NMCO is making efforts to attract more investors to boost its Internally Generated Revenue (IGR) for the Federal Government in 2022.
The revenue generated by Nigeria Mining Cadastre in December 2021 was N4.3 billion from N2.303 billion in the corresponding period of 2020.
The figure was the highest ever generated to the federation’s account by the office over the years.
NMCO is an autonomous agency of government saddled with the responsibility of managing and administering mineral titles.
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According to Nkom, I will not mention my target for 2022 but we will do our best to achieve our mandate by generating funds into the government coffers.
” Revenue is just an aspect, the main thing is to achieve our mandate through my wonderful staff that are working tirelessly day-in-day out.
“Since I came on board, I don’t want to say I am a record breaker, I have always aspired to do better and adhere strictly on our mandates and principles.
“For me to tell you my target for 2022 might not be correct but we will do our best.
“NMCO abides strictly by transparency, security of tenure; first come, first serve; use it or lose it and non-subjectivity, all towards attracting the needed investments in the sector,” he said.
He said that the office recently advertised 4000 mineral title holders who defaulted, adding that the office won all cases filed against it by defaulters.
He said that NMCO had established offices in the six geo-political zones which are working and collaborating more closely with other departments and agencies in the Ministry of Mines and Steel Development.
