Solid minerals: Kwara governor seeks states' control of royalties
KWARA State Governor Abdulfatah Ahmed has called on the Federal Government to increase state governments’ participation in the solid mineral sector through royalties, fees, fines and taxes collection from solid minerals. He said that the scenario would present the states with the opportunity to increase their internally generated revenue (IGR), adding that this would reduce their dependence on Federal Government and create employment for the teeming youth population. The governor said this in Ilorin, the Kwara State capital at the installation of the President of the Nigerian Mining and Geo-Sciences Society (NMGS).
Represented by Education and Human Capital Development Commissioner, Alhaji Musa Yeketi, Governor Ahmed said that “the constitution appears to hobble this possibility. For instance, Section 44 (3) of the 1999 Constitution vests the Federal Government with the ownership and control of all minerals, mineral oils and natural gas, in Nigeria. “Also, the Second Schedule, Part 1 item 39 of the Exclusive Legislative list in the 1999 Constitution restricts state governments from developing their respective mining potentials.
“This creates a situation whereby states have limited authority over mining activities in their domain and after often required to purchase expensive licenses from the government with no guarantee of returns or successful exploitation of minerals resources.” Speaking after his inauguration as the 29th President of the society, Prof Silas Dada said that solid mineral resourcesdriven development is the best growth opportunity for Nigeria. “In fact, most Nigeria’s solid mineral resources have not yet been discovered, which represents a formidable opportunity for growth. “Our governments need to get the natural resource management policy (NRM) chain right. The NRM policy chain needs to be adequately developed by setting up strong policies in every area of income generation and investment.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
BIR Adedayo Yusuf Abdulkareem Baaziki Sulaiman Amule Bayer Nigeria Limited Olayinka Olaogun Olohungbebe Oba Abu KWASAA Olateju Lukman Oko-Olowo Salau Kabiru Abdullahi Gbemisola Oguntimehin Sheikh Ridhwanullah Kayode Alabi Sobi Oke-Kura Solomon Edoja Mustapha Olanipekun IFK Muhammad Ghali Alaaya Nigeria Governors\' Forum Coalition Of Kwara North Groups Saadu Gbogbo Iwe Aliyu U. Tilde Ganmo Power Sub-Station HYPPADEC Aishatu Ahmed Gobir Islamic Development Bank Kayode Laro Ayekale Ilorin Like-Minds Afonja Descendants Union Kamoru Kadiri Amuda Aluko Jimoh Saadudeen Muhammed Economic And Financial Crimes Commission Hussein Olokooba Basic Education Certificate Examination Surajudeen Akanbi Olushola Saraki Boko Haram Abubakar Aliagan Abdulraufu Mustapha Kumbi Titilope NaAllah Christian Association Of Nigeria Tunde Idiagbon Road Jeunkunu-Malete-Bani Isiaka Abdulrazak David Oyepinola Adedumoye Oyedepo Abdulrahman Abdullahi Kayode Shade Omoniyi Deji Ajani Matthew Babaoye Jani Ibrahim Oba David Oyerinola Adedunmoye Muhammed Danjuma Lanre Olosunde Apata Ajele Secondary School Dairo Kunle Paul Moses Salami Salihu Alhaji Musa Arinola Lawal Lola Ashiru ANCOPPS Ajakaye Rasaq Jimoh Oluwarotimi Boluwatife Adenike Tunde Yusuf Abdulrahman Iliasu Umar Ahmed Gunu Funke Adedoyin Sarkin Malamai GANZY Aminu Ado Bayero

