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.
Cassava Growers\' Association A.O. Belgore Afonja Jelili Yusuf Emir Of Yashikira Haliru Dantoro Sulyman Abdulkareem Onilupeju Of Ilupeju Tunde Kazeem Omu-aran Ibikunle Ogunleye Rotimi Oyedepo Oyeyemi Olasumbo Florence Abiodun Abdulkareem Iyiola Oyedepo Bisi Kristien Surajudeen Akanbi Student Learning Support Helpline Kwarareports.com Egbewole Admiralty Villa Kamaldeen Gambari Yakubu Dogara Kayode Bankole Yusuf Abdulkadir Ahmed Erin-ile Jamiu Oyawoye Ghali Muhammed Gbenga Awoyale Bashir Adigun Gbadeyan Gbadura Yomi Yusuf Arowosaye Kwabes Ilorin Like-Minds Bursary Emir Of Kano Idris Garba Eleja Taiwo Banu REO CAKES Twitter Abdulwaheed Musa Kazeem Gbolagade Abdulkadri Ahmad Alaiye Aremu Odolaye Face Masks JAMB Kwara State Health Insurance Agency AGF Abdulrazaq NSCIA AbdulRazaq Jiddah Rapheal Ashaolu Ministry Of Women Affairs And Social Development Kolawole Bashirat Oloye Ahmad Fatima Bisola Yunus Oniboki Modupe Oluwole Abubakar Usman Jos Monthly Sanitation Earlyon Technologies Woro Agboola Abdulraheem Ahmad Olanrewaju Belgore All Peoples Party Ethical College Fatimah Abdulkadir Bayo Ojo Taofeek Ibraheem Wahab Femi Agbaje Shettima Joshua Adeyemi Adimula Olajumoke Monsura Gafar Monkey Pox Saheed Popoola Tosin Saraki Sheikh Ridhwanullah

