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.
Saliu Ajibola Ajia KWASSIP Alimi REO CAKES KSIRS Oba Abdulraheem Hijab Kwara State Government Kola Bukoye Simeon Sayomi Kazeem Oladepo Diagnostic Centre Bello John Olanrewaju Lawal Olohungbebe Oniye Jumoke Gafar Mujtabah Bature Oba Abu Bank Of Industry Kola Ologbondiyan Offa Metropolitan Club Jamiu Oyawoye Ilesha-Gwanara Mahfouz Adedimeji Bolaji Aladie Col. Ibrahim Taiwo Adebara Salake Oyin-Zubair Deji Ajani Makama Erubu Sam Onile Mustapha Akanbi Moro Olabode George Towoju Ahmad Uthman Gamji Members Association SWAN Buhari Mukhtar Shagaya Adanla-Irese Dankaka Mohammed Halidu Owo Arugbo Oye Tinuoye Senior Staff Union Of Colleges Of Education JUSUN Esuwoye KFA Emir Of Ilorin Presidential Election Idowu Aremu Gambari Ahman Pategi University IQRA College Babajide Ajayi Idi-Ape Bola Magaji ENetSuD Taofik Mustapha Ilorin General Hospital Yoonus Kola Olatinwo Senate PAACO-PCL Consortium Lanre Badmas Kwara State Infrastructure Development Fund Shehu Salau Ado Bayero Ajikobi Owode Market Raimi Iyanda Moji Makanjuola Lateef Ademola Olatunji Ekweremadu Bolaji Abdullahi General Tunde Idiagbon International Airport

