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.

Guber Aspirant     Prince Bola Ajibola     Egbewole     A.G.F Abdulrasaq     Christopher Odetunde     Lateef Ademola Olatunji     Solomon Edoja     Majlis For Sadaqah, Zakat And Waqf     Bashir Adigun     Afolasade Opeyemi Kemi     Akeem Olatunji     Kazeem Adekanye     Royal FM     Halimat Yusuf     Tescom.kwarastate.gov.ng     Onilorin     Hussein Oloyede     Mutawali Of Ilorin     Olatunde Oyeyiola     Omotosho     Oyun     Niyi Osundare     Okin Group     Oba Abu     Edret Sabi Abel     Kolawole Bashirat     Iponrin     Labour Party     Apaokagi     Fatimat Saliu     Asa     Kolade Solagberu     Tafida Of Kaiama     Wahab Isa     Hassan Abdulazeez Elewu     Shaaba Lafiagi     Ibrahim Labaika     Titus Suberu-Ajibola     JAAC     Moses Adekanye     Orisun Igbomina     Vishvas KOZ Tractors     Mashood Dauda     Col. Adedipe     Salmon Babatunde Salmon     Tsaragi-Share     Tunde Yusuf     Wahab Olasupo Egbewole     Alimi Abdulrazaq     Lanre Badmas     Orire     Taofeeq Olateju     Dele Momodu     Offa Descendants Union     Idiagbon     Zaratu Umar     Javed Khan     Federal Polytechnic Offa     Maryam A. Garuba     Oyedun Juliana Funke     Eghe Igbinehin     Ile Arugbo     Otoge     Opaleke Bukola Iyabo     Yunus Lawal     Florence Saraki     Imam Gambari     FERMA     Yakub Ali-Agan     Salary     Abraham Ojo     Federal College Of Education (Special), Afon     Kolo     Amada Jidda     Saliu Tunde Bello     Mohammed Halidu     Cornelius Adebayo    

Cloud Tag: What's trending

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

Amuda Musbau     Yusuf Mubarak     Crystal Corner Shops     Bello John Olanrewaju     Farouk Salim     Mohammed Kamaludeen     Durbar Festival     Suleiman Mora Omar     Isiaka Abdulrazak     National Association Of Nigerian Students     Ahmad Olayiwola Kamaldeen     Ariyo     Kolo     Chief Imam Of Omu-Aran     Oke-Ogun     Ilorin Metro Park     National Union Of Road Transport Workers     Kwara State Fire Service     Forgo Battery     Sunday Fagbemi     Imodoye Writer’s Enclave     Valsolar Consultoria     Aliyu Salihu     Taofeek Ibraheem     Simon Sayomi     Harafat E. Mukadam     Orire     Folaranmi Aro     CCEPE     Haashim Initiative For Community Advancement     Nagode     Societe Generale Bank Of Nigeria     Oye Tinuoye     Oko     Ayinde Oyepitan     Michael Nzwekwe     V.O. Abioye     Oba Abdulkadir La\'aro     Smart School     MMWG     Christopher Odetunde     Taofeek Sanusi     Ita-Ore     Kabir Shagaya     Stephen Fasakin     National Party Of Nigeria     Saka Saadu     Ilesha Gwanara Road     Ahman Pategi University     Kola Adesina     Fatimah Abdulkadir     Yoonus Lawal     Esuwoye     Adekunle David Dunmade     Revenue Court     Ndama Al-hassan     Egbejila     Ilorin Water Reticulation     Lanre Issa-Onilu     Budo Egba     Buhari     Yekini Adio     JSSCE     Saidu Kawu     Shehu Alimi Foundation For Peace And Development     Tunji Moronfoye     Elese Of Igbaja     Oyin-Zubair     Ghali Muhammed     Bola Tinubu     Hassan A. Saliu     Shehu Salau     Adijat Adebiyi     Femi Ogunsola     Federal College Of Education (Special), Afon     Iyaloja-General     Jebba