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.
Abdulrosheed Okiki Solomon Edoja Col. Ibrahim Taiwo Owo Isowo Aro Yahaya 2023 Elections Gbenga Awoyale Adesina Simon Sodiya Al-Hikmah Radio Florence Saraki Markaz Arabic And Islamic Training Institute, Agege Abdulraheem Yusuf Woro Ilorin Durbar Samuel Elizabeth Keatswa Atiku Samuel Olusegun Adedayo Ganmo Electricity Sub-Station Gani Saadu 2017 Budget Idofin Post-utme Rex Olawoye Olaosebikan Kwara State Government Frootify Abdulkadir Bolakale Sakariyah Women For Change And Development Initiative Okanlawon Musa Olatunji Ayeni A.G.F Abdulrasaq Okin High School Sidikat Uthman Ajibola Tricycle Owners Association Of Nigeria Kwabes Bolaji Aladie Ajayi Okasanmi Usman Rifun Ariyo Rebecca Bake Abikan Ojo Fadumila Kwara United Olatunji Ibrahim Mohammed Danjuma Ibrahim Abdulkadir Abikan Oluwole Dupe Muyiwa Oladipo Kanu Sa\'adu Salahu Sabo-Oke Madawaki Of Ilorin Bayer AG Lawan Ajuloopin Folajimi Aleshinloye Nurudeen Muhammed Aminat Omodara Musa Alhassan Buge KwaraLearn Tunde Akanbi Azeez Salawu Curfew Idowu Laro Dauda Adeniran Adeshola SSUCOEN Mufutau Olatinwo KFA Baaziki Sulaiman Kayode Yusuf Binta Sulyman KWSIEC Abdul Jimoh Mohammed Oke-opin Babajide Ajayi Mazars Consulting Barakat Community Secondary School Muftau Akanbi Oke

