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.

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    

Cloud Tag: What's trending

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

Kumbi Titilope     Memunat Monsuma     Abdulmumini Jawondo     Buari Edun     Akom Construction And Engineering Synergy Ltd     Baba Idris     Micheal Imoudu     Abdulkadir Jimoh     Aminat Ahmed     Hussein Oloyede     Hamza Usman     Ajibike Katibi     Lai Gobir     Sulyman Age AbdulKareem     Www.Kwarareports.com     Hydro-electric Power Producing Areas Development Commission     Senior Ibrahim Suleiman     Lucky Omoluwa     Raliat Islamic Foundation     Niyi Ogundiran     Oke-opin     Tsado Manman     Lukman Oyebanji Fagbemi     Lai Mohammed     Taofik Abiodun Ahmed     Irepodun     Abdulrahman Abdullahi Kayode     Yahaya Oloriegbe     Nigeria Foundation For Artificial Intelligence     Ahmad Ali     Ita-Ore     TETFUND     Federal Polytechnic Offa     Opaleke Bukola Iyabo     Ibrahim Agboola Gambari     Magaji Nda     Ojo Fadumila     Barakat Community Secondary School     Ballah     International Aviation College     Abubakar Baba     Kishira     Unicontinental Construction Company     Onilorin Of Ilorin     Moremi High School     Medinat Folorunsho Salman     Ibrahim Abduquadri Abikan     Federal College Of Education (Special), Afon     Musibau Akanji     Alaaya     Katibi Ibraheem Adeola     Lukman Adeloyin     Adam Abdullahi Al-Ilory     Shehu Jimoh     Dumagi     Ebola     Tunji Ajanaku     Abioye Bello     Olugbense     Twitter     Baba Issa     Harrison Osauwagboe     Emir Of Shonga     Local Government     Bayer Nigeria Limited     Kayode Oyin Zubair     Otuka     Omoniyi M. Ayinla     Yusuf Amuda Aluko     Unilorin     Kaosarah Adeyi     Pategi     Tunde Oyawoye     Aisha Gobir     Aishatu Ahmed Gobir     Rapheal Ashaolu     CCEPE