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.

Oba Sulaiman Asude     Tayo Alao     Noah Yusuf     Local Government Pension Board     Ebola     Bayo Mohammed Onimode     Yusuf Badmus     Agor     Young Progressives Party     Bilikis Oladimeji     Saadu Yusuf     Sidikat Uthman Ajibola     PharmAccess Foundation     Abdulraheem Olesin     Abdulkadir Remi Hawawu     Nupe     Balogun Ajikobi     Theophilus Oyebiyi     Isin     Abdulrazaq Solihudeen     Oke-Odo     Galadima     Adesoye     Olabode George Towoju     Abdul Jimoh Mohammed     Paul Odama     Rabiu Kwankwaso     Sarkin Malamai     Forgo Battery Company Limited     Sam Onile     Ghali Muhammed     Maryam Ado Bayero     Emmanuel Bello     Emir Of Yashikira     Ajibola Saliu Ajia     Abdulkadir Akanbi-Oke     Gwanara     Yahaya Abdulkareem Babaita     Ayobami Seriki     Abdulkadir Jimoh     Obuh     Gurei     AbdulRasaq Abdulmajeed Alaro     Muritala Olarewaju     Junior Secondary School Certificate Examinations     Oya State     Saka Keji     Aliyu Muhammad Saifudeen     Garba Dogo     Innocent Okoye     KFA     TIC     Kwara Metro Park     Lanwa     Kayode Bankole     Maigida     Ola Falade     Lasiele Alabi Yahaya     Afin Descendants Union Of Odo-Owa     Adijat Adebiyi     Olaitan Adefila     Yakubu Danladi     Chief Imam Of Ilorin     Sunday Popo-Ola     Ijagbo     CKNG     Salihu S. Yaru     Sidikat Akaje     Abdulganiyu Salahudeen     Ogbondoroko     Hassanat Bello     Neo Mundo Ltd     HYPPADEC     David Adesina     Saeedat Aliyu     John Olajide Adedipe     Post Utme    

Cloud Tag: What's trending

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

CT Ayeni     Sunday Fagbemi     Hassan Taiye Salam     Kulende-UITH     Saliu Mustapha     Tinubu     Just Law Forum     Isiaka Oniwa     PPS     Senate Presidency     Yahaya Jibril Usman     Sobi FM     Gbemisola Oguntimehin     Adedipe     Abdullahi Saadudeen Alikinla     Neuropsychiatric Hospital     NYSC     Curfew     Kola Olota     Dan Iya Of Ilorin     Laolu Saraki     Aliyu Umar     IEDPU     Ilorin Durbar     Voices Of Tomorrow     Alabi Lawal     Oyelere Oyinloye     Olufolake Abdulrazaq     Onilorin Of Ilorin     KWASIEC     Old Oyo     IF-K     FOMWAN     Senate President     Sobi Specialist Hospital     COVID     Abdulrahman Onikijipa     Sadiq Buhari     Eleja     Allocation     YAKOOYO     Isapa     Al-Hikmah Radio     Isiaka Gold     Kunle Akogun     Ashiru     Mustapha AbdulGaniyu     T And K FOODS     Bio Ibrahim     Salman Suleiman     Ayodele Olaosebikan     Ilorin Emirate Stakeholders Forum     Babaita     Fatima Abolore Jimoh     Oro Grammar School Old Students Association     Olukotun Of Ikotun     Kayode Laro     Plat Technologies     Adeniyi Ojo     Akande Idowu Ayoola Muhammed     Falokun-Oja     Ibrahim Sulu Gambari     Federal Allocation     Saliu Tunde Bello     Wahab Egbewole     Sulyman Atolagbe Alege     Cassava Growers\' Association     College Of Arabic And Islamic Legal Studies     Ndakene     Sun Qing Rong     Bursary     Charcoal     Kwara Volleyball Association     Abdulazeez Uthman     Tunji Oyawoye     Amos Sayo     Okanlawon Musa