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.
National Party Of Nigeria Bello Taoheed Abubakar Yinka Aluko Ogbondoroko Ijakadi Mohammed Lawal Bagega Iliasu Balikis Jawondo Kwara State Health Insurance Agency Federal Neuro-Psychiatric Hospital Demola Banu Mopelola Abdulmaliq-Bashir Olokoba Sulyman Oluwarotimi Boluwatife Adenike Gbenga Awoyale TETFUND Henry Olaosebikan Adaramaja Baaziki Sulaiman Balogun Ajikobi Air Peace Baba Isale Deji Ajani Afeyin-Olukuta Dele Belgore Abatemi-Usman Shaykh Luqman Jimoh Kwara North Moses Rahman Popoola SWAN Segun Adeniyi Omoniyi Quran Folorunsho Alao Bank Of Industry Kazeem Gbolagade Kabir Shagaya Wahab Agbaje Medinat Folorunsho Salman Abdulsalam A. Yusuf Shehu Alimi Foundation For Peace And Development Sheriff Shagaya Aiyedun Adebara Segun Abifarin Esuwoye Radio SBS Dar-Al-Handasah Consultants Asa Olomu Of Omu-Aran Salihu Jibril Garbi Kassim Babamale Yusuf Abdulkadir Okin Group Okin Biscuits Shoprite Forgo Battery Company Limited Damilola Yusuf Gamji Members Association Olusola Saraki Oba Mogaji Abdulkadir Kayode Zubair Olushola Saraki Abdulrahman Abdulrazak Cornelius Adebayo Muideen Olaniyi Alalade Senior Staff Union Of Colleges Of Education Lithium Deposit Alfa Modibo Belgore Oni Adebayo Turaki Issa Oloruntogun Aliyu Salihu Makama Abdullah Janet Amudat Yusuf Badmus Haashim Initiative For Community Advancement

