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.

Abdulwahab Oba     KWASSIP     Harafat E. Mukadam     Olabanji Orilonishe     Mohammed Halidu     Oba Of Jebba     Dorcas Afeniforo     Gobir Organization Foundation     Funmilayo Oniwa     Zulkifli Ibraheem     Dar-Al-Handasah Consultants Ltd     Justina Oha     UNILORIN Alumni     Ahmed Alhasssan     Oba Abu     Kwara North     Omoniyi M. Ayinla     Bola Shagaya     Abdulrasheed Akogun     Kwara Politics     Abdulazeez Uthman     Bayo Lawal     Micheal Imodu-Ganmo Road     Suleiman Mora Omar     Adewuyi Funmilayo     Sarah Alade     NSCIA     Jumoke Gafar     Nnazua     Binta Sulyman     Rex Olawoye     Adeleke Ogungbe     Ilorin Curfew     SDP     Issa Memunat Moyosore     Elewu     Saidu Isa     IYA YUSUF     Abdulfatai Baakini     KWASIEC     Ita-Ore     Baboko Primary School     Ibikunle Ogunleye     Ayekale     Shuaibu Yaman Abdullahi     Toyosi Thomas     Isiaka Saka Opobiyi     Abdulkareem Alabi     Raimi Iyanda     Trade Lenda SME Fair     Ojuekun Sarumi     UITH     Olufolake Abdulrazaq     Abdulrazaq Sanni     Alaiye     Erin-ile     Muslimah Entrepreneurship Forum     Orisun Igbomina     Kwara 2019     Aremu Odolaye     NULGE     Tanke Road     Rebecca Olanrewaju     Kolawole Akande     Lawal Jimoh     Abdulrazak Shehu Akorede     IPSAS     Idofin     Gani Saadu     Ilesha-Gwanara     Shehu Jimoh     Allocation     Omotosho     Muhammadu Gobir     Reuben Paraje     Kunle Suleiman     Sheikh Hamzat Yusuf Ariyibi    

Cloud Tag: What's trending

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

Sheikh Ridhwanullah El-ilory     Bashir Badawi     Ibrahim Sulu Gambari     Iponrin     Bature Bello     Halidu Danbaba     Risikat Lawal     Yusuf Abdulraheem     Principal Private Secretary     Saadu Yusuf     Jide Oyinloye     KW-GIS     Omu Aran     Rice Farmers Association Of Nigeria     Abdulkarim Adisa     New Model Police Station     Afolasade Opeyemi Kemi     Erin-ile     Edu     Owo Arugbo     Plat Technologies Limited     Olatinwo     IHS     Ganmo Electricity Sub-Station     Suleiman Ajadi     Adisa Logun     Shururat Olatinwo     Lanwa     Funmilayo Mohammed     Akeem Lawal     Adebayo Salami     Presidential Election     08001000100     Abikan     Leke Ogungbe     Kayode Ishola     Ahmed Bolaji Nagode     Baba Adini Of Kwara State     Suleiman Yahya Alapansapa     KWAFFA     Yusuf Ibitokun Sherifat     Agboola Babatunde     Nnazua     Yusuf Abdulwahab     Jimoh Saadudeen Muhammed     Eleja     Yusuf Olaolu Ali     Isiaka Oniwa     Jide Ashonibare     Olofa Of Offa     Michael Ologundea     ANCOPPS     Issa Manzuma     Hijab     Omotoso     Kwara State Fire Service     Amasa     Abdulsalam A. Yusuf     Abdullahi Atanda     Aliyu Salihu     Ita-Nmo Market     Abdulrahman Abdullahi Kayode     Eghe Igbinehin     Iyeru Grammar School     Jare Olatundun     Olateju Lukman     Ibrahim Abikan     Kassim Babamale     Daud Adeshola     General Tunde Idiagbon International Airport Ilorin     HYPPADEC     Siddiq Adebayo Idowu Salawu     Special Adviser On Digital Innovation     Post-utme     Doyin Agbamu     Nigeria Governors\' Forum     Bisi Oyeleke