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Nigeria collected ₦101.11 billion from solid minerals in the first nine months of 2026, already above the ₦68.1 billion reported for the whole of 2025. Reports citing Central Bank of Nigeria solid minerals revenue collection data also showed the January to September figure was 95.2 per cent higher than the ₦51.79 billion recorded in the same period of 2025.
Nigeria’s solid minerals revenue reached ₦101.11 billion between January and September 2026, overtaking the ₦68.1 billion reported for the whole of 2025.
Reports citing Central Bank of Nigeria solid minerals revenue collection data showed the nine-month total was 95.2 per cent higher than the ₦51.79 billion recorded in the corresponding period of 2025.
Mineral royalties made up the largest share of the revenue. They contributed ₦66.12 billion, representing 65.4 per cent of the ₦101.11 billion collected in the first nine months of 2026.
Fees collected by the Federal Ministry of Solid Minerals Development contributed ₦33.54 billion, or 33.2 per cent. Miscellaneous receipts accounted for the remaining ₦1.45 billion.
The data also showed that July was the strongest month within the period, with ₦29.13 billion collected. Out of that amount, royalties contributed ₦25.78 billion.
The figures point to a much stronger revenue performance for the solid minerals sector in 2026 compared with both the same period a year earlier and the full 2025 total.
Why it matters
The latest numbers suggest the solid minerals sector is contributing more revenue to public finances than it did a year earlier. The fact that the January to September total has already exceeded the full-year 2025 figure highlights the scale of the increase.
The breakdown is also significant. With royalties accounting for nearly two-thirds of the total, revenue growth in the period was driven mainly by payments tied directly to mineral extraction rather than smaller miscellaneous sources.
What it means for your money
There is no direct personal-finance action for most readers from this data alone. However, stronger government revenue from solid minerals can matter for public finances and for businesses linked to mining, logistics and host communities, though this brief does not provide evidence of specific effects yet.
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Attention will likely turn to whether the pace of collections is maintained in the final quarter of 2026. Readers will also be watching for later official data showing the full-year total and whether royalties continue to dominate solid minerals revenue.
Another point to monitor is whether monthly collections remain uneven, given that July was far stronger than other months cited in the period summary.
By the end of September 2026, Nigeria’s solid minerals revenue had already moved past the total recorded in all of 2025, with royalties providing the bulk of the ₦101.11 billion collected.
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