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.
Sherif Shagaya Niyi Ogundiran Muideen Olaniyi Alalade Moses Afolayan Baba Issa Awoye Kwara State Football Association Riskat Opakunle Issa Memunat Moyosore Aisha Abodunrin Ibrahim Adesina Simon Sodiya Code Of Conduct Village Alive Development Association Aminat Ahmed Elelu Baruba Lola Olabayo Afusat Nike Ibrahim Hijab Oloje Abdulazeez Arowona Toyin Saraki Abdulrahman Abdullahi Kayode Salman Jawondo Henry Olaosebikan Firdaos Amasa Metro Park Kwara State Government Seed Technologies Aliyu Salihu Unilorin Ahmed Bayero Abraham Ojo Ola Falade Yusuf Arowosaye Baba Issa Oye Tinuoye Mohammed Tunde-Jimoh BIR Sanusi Abubakar Isin Olatunde Jare Abubakar Atiku Plat Technologies Abdulmumini Sanni Jawondo Yusuf Ali Jimba Babatunde Moro Abdulsalam A. Yusuf Kamaldeen Ajibade Damilola Yusuf Aliyu Umar Earlyon Technologies Muritala Awodun Bamikole Omishore Moronfoye Hauwa Nuru Ileloke Lanre Issa-Onilu Isiaka Oniwa 3MTT Ilorin Muslim Community Folorunsho Erubu Bio Ibrahim Raliat Islamic Foundation Doyin Group Olubukola Kifayat Adedeji Bamidele Aluko Yusuf Badmus Taibat Ayinke Ahmed Maimunat Oniyangi Akume Moremi High School Adam Abdullahi Al-Ilory Alao Ayotunde Tosin Saraki Kayode Issa Saliu Mustapha

