Solid minerals: Kwara governor seeks states' control of royalties

Date: 2017-07-15

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.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Ola Falade     International Aviation College     Abiodun Jacob Ajiboye     Agboola Abdulraheem     Elerin Of Erin-Ile     S.O. Opowoye     Jamiu Oyawoye     Share     Abubakar Abdulraheem     Ayodele Kuburat Olaosebikan     Bello Bature     Taiwo Joseph     Afeyin-Olukuta     Kemi Adeosun     Aliyu Alhassan     Ilorin Curfew     Kamaldeen Kehinde     Ilorin Metro Park     KWSUED     Chikanda     Akanbi-Oke     Mopelola Abdulmaliq-Bashir     UNILORIN Alumni Association     Alapansapa     Fatimat Saliu     Abdulganiyu Salahudeen     Oluronke Adeyemi     Shuaib Olarongbe     Samuel Olusegun Adedayo     Ahmed Saidu Rufai     NYSC     Ayegbeni     Quareeb     Femi Ogunsola     Haliru Dantoro     Bolakale Ayo     Abdulmumini Sanni Jawondo     Kwara Restoration Project     Ajeigbe     Computer Based Test     Abdulrauf Yusuf     Kwara TV     Taofik Abdulkareem     Isapa     Shehu Jimoh     Modibo Kawu     Mazars Consulting     Aisha Ahman Pategi     Joseph Offorjama     United Nigeria Congress Party     Lateef Alagbonsi     Ophthalmological Society Of Nigeria     Sheikh Ariyibi     Post-utme     JMK Construction Company Limited     Lithium     Arik     Olokoba     Ile Arugbo     Tunde Kazeem     Funmi Salau     College Of Arabic And Islamic Legal Studies     Old Oyo     Gobirawa     Gambari     Gamji Members Association     Omupo     Jimba Babatunde     Bukola Ajikobi     Abdulrazaq Aiyelabegan     Oba-Solagberu     Elelu     Oko-Olowo     Funmilayo Mohammed     AbdulHamid Adi     Akume     Malete    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Moji Makanjuola     Senior Ibrahim Suleiman     SUBEB     College Of Health     Owo Isowo     Abdullateef Abdussalam     Kwara South     Adam Abdullahi Al-Ilory     Bukola Saraki     Falokun-Oja     Kaiama     Matthew Okedare     JMK Construction Company Limited     Face Masks     Jaigbade Alao     Wahab Egbewole     Quranic Recitation Competition     Kwara State Council Of Chiefs     Suleiman Abubakar     Ahmed Bayero     Isiaka Rafiu Mope     Shuaibu Yaman     Yomi Adeboye     Sa\'adatu Modibbo-Kawu     Yusuf Babatunde Abdulwahab     AbdulRasaq Abdulmajeed Alaro     Salami Adekunle     Jaiz Bank     MAI Akande     Kwara State Sports Commission     Atiku     Government Girls’ Day Secondary School Pakata     Bola Sagaya     Bond     08001000100     Shuaib Olarongbe     Sa\'adu Gambari     Abubakar Atiku     Air Peace     Asa LGEA School     Azeez Salawu     Haruna Olawale Sulaiman     Dairo Kunle Paul     Abdulhakeem Amao     Oyedun Juliana Funke     Adesoye College     Muhammadu Gobir     KWASEIC     CCT     Kolawole Akande     SDP     Busari Toyin Isiaka     Ahman Pategi     Eleyele     Abdulmalik Bashir Mopelola Risikatullahi     Akeem Olatunji     Mohammed Ghali Alaaya     Alabi Olayemi Abdulrazak     David Oyepinola Adedumoye     Akom Construction And Engineering Synergy Ltd     Salman Suleiman     Abdulrasaq Alaro     Ilorin South     George Funsho Adebayo     Oba Abdulkadir La\'aro     Ajia-Bako     Ahmed \'Lateef     Students Union Government     Talaka Parapo     Balogin Alanamu     Hassanat Bello     KWIRS     GGDSS Pakata     TETFUND     LEAH Charity Foundation     Lawan     Olaiya Victor Mobolaji