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.

Esinniobiwa Quareeb     Lukman Adeloyin     Zaratu Umar     TIIDELab     Ubandawaki     Yusuf Abdulwahab     Temitope Ogunbanke     Niguel Gallando Marcias     Obasanjo     Lukman Oyebanji Fagbemi     Atunwa     AbdulRazaq Jiddah     UNILORIN Alumni     2017 Budget     Abiodun Musa Aibinu     United Nigeria Congress Party     Police Commissioner     Savannah Centre For Diplomacy, Democracy And Development     Lai Gobir     Abiodun Abdulkareem     Simeon Sayomi     Kola Bukoye     Olateju Lukman     NNPP     UTME     Saliu Tunde Bello     Al-Hikmah Radio     Federal Road Maintenance Agency     Jide Oyinloye     Nigerian Correctional Service     Abdulmumini Sanni Jawondo     Osi     IYA ALFA NLA     NYSC     Razaq Atunwa     Trade Lenda SME Fair     Ridhwanullah Al-Ilory     NIPR     David Adesina     V.O. Abioye     Durbar     Oluwole Dupe     Lawal Jimoh     Abdullateef Abdussalam     Muslim Stakeholders Of Kwara State     Yusuf Badmus     Ibrahim Labaika     Bluenile Associates     Razak Atunwa     Sabi     Mustapha AbdulGaniyu     Kwara State Branch Of The National Library     Dankaka     Bolakale Saka     Post-utme     Obuh     Olusegun Adeniyi     Yusuf Lanre Badmus     Vasolar-Kwara Company Ltd     Oasis Muslim Care Foundation     AbdulRahman Saad     Ibrahim Sulu Gambari     Mohammed Katsina Ahmed     Kehinde Boyede     Trader Moni     Kupchi Hosea Maxwell     Oyedepo     Joseph Offorjama     Nigeria Customs Service     Saraki     Dauda Adesola     March 28     Isiaka Yusuf     Quareeb     Grillo     Azeez Bello     Olohungbebe    

Cloud Tag: What's trending

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

IPSAS     Azeez Salawu     Olaosebikan     Junior Secondary School Certificate Examinations     Joseph Yemi Ajayi     Yoonus Kola Olatinwo     Ashiru     Na\'Allah     Raheem Adaramaja     Bukola Ajikobi     Abdul-Rahoof Bello     Assayomo     Ilesha-Baruba     Ganmo Electricity Sub-Station     Clement Yomi Adeboye     RTEAN     Abdullahi Adisa Akodudu     Peter Obi     Otoge     Solomon Edoja     Yusuf Olaolu Ali     Amos Sayo     Ibrahim Gambari     Simeon Sule Ajibola     Kwara State Fish Farmers Association     Ballah     Democracy Day     Aremu Bose Deborah     Adisa Logun     Olatunde Michaels     Alfa Modibbo Belgore     Kwara State Internal Revenue Service     Laduba     Ademola Kiyesola     ASMAU PLAZA     Shuaib Abdulkadir     GRA     Idris Amosa Oladipo Saidu     Akanji     Tunji Folami     Tope Daramola     April 11     Oke-Odo     Rachael Obisesan     UTME     Sobi Specialist Hospital     Aasiyat Bello Oyedepo     Abubakar Aliagan     Isiaka Oniwa     Veterinary Teaching Hospital     Isiaka Saka Opobiyi     Amuda Bembe     Cornelius Fawenu     Yusuf Abubakar     Kwara Consultative Forum     Minister     Nupe     Abdulrazaq Magaji     Bilikis Oladimeji     Hydro-electric Power Producing Areas Development Commission     Hamid Bobboyi     Alao Ayotunde     Ilorin Amusement Park     Bayo Lawal     Yetunde Balogun     Folaranmi Aro     Cassava Growers\' Association     Abraysports FC     HICA     Ibrahim Bio     Kisira     Nigeria Customs Service     Siddiq Adebayo Idowu Salawu     Bello Taoheed Abubakar     Ile Arugbo     Moses Afolayan     Abdulrasheed Akogun