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.

Toun Okewale-Sonaiya     Leke Ogungbe     Muhammad Yahya     Prince Bola Ajibola     Iyaloja-General     Kisira     Barakat Community Secondary School     IsDB     Abdulwahab Olarewaju Issa     Ola Falade     Kwara Primary Health Care Development Agency     Temitope Ogunbanke     Ganmo Electricity Sub-Station     Kwara State Governor     Baba Isale     Park     Turaki     CELF     ITEM 7     Abdulmutalib Shittu     Vishvas KOZ Tractors     Galadima     Osinbajo     General Tunde Idiagbon International Airport Ilorin     Facemasks     IEDPU     Bank Of Industry     Sebastine Obasi     Waheed Ibrahim     Khairat Gwadabe     Colleges Of Education Academic Staff Union     Alloy Chukwuemeka     Women Radio     Kwara Consultative Forum     Turaki Of Ilorin     Ballah     Hakeem Lawal     Suleiman Idris     Olatunde Oyeyiola     Kudirat Arinola Lawal     Lawal Olohungbebe     Iyiola Oyedepo     Salau Kabiru Abdullahi     The Herald     Ilorin East/South Federal Constituency     Elesie Of Esie     08001000100     Alliance For Democracy     07039448763     Kolawole Akande     Ahmed Ayinla Jimoh     Babatunde Ishola Babaita     Tunji Ajanaku     Kwara United     HYPPADEC     Agbarere     Kassim Babamale     Hajj     Bilikis Oladimeji     Grillo     Patigi Regatta     SWAN     IYA ALFA NLA     Kale Bayero     Sheriff Shagaya     Emir Of Kano     Okoolowo     Theophilus Oyebiyi     Abdulwahab Ololele     Kale Belgore     Florence Saraki     Wahab Abayawo     Lukman Adeloyin     Omoniyi M. Ayinla     Salihu Ajia     Yoruba     Alfa Modibo Belgore    

Cloud Tag: What's trending

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

Oke-opin     Opaleke Bukola Iyabo     Tinubu     Kubra Kazum     The Herald     Mohammed Ghali Alaaya     Wakilin Mata Lafiagi     Olokoba     Saka Isau     Lukman Oyebanji Fagbemi     Aiyedun     TIIDELab     Barakat Community Secondary School     Elerin Of Adanla     Tunde Kazeem     Asa     Shehu Raheem Adaramaja     V.O. Abioye     Kolo     Ilorin Amusement Park     Ndama Al-hassan     MINILS     Noah Yusuf     Esuwoye     Alabe     Galadiman Ngeri     Code Of Conduct Tribunal     Lola Olabayo     Folajimi Aleshinloye     Sulyman Age AbdulKareem     Ilorin Central Mosque     Onilu     Yusuf Badmus     Oladimeji Thompson     Busari Toyin Isiaka     Democracy Day     Owo Arugbo     Saduki Lafiagi     Aisha Gobir     Abdulraheem Yusuf     Buari Edun     Lanre Jimoh     BIR     Overland     Joseph Bamigboye     Ope Saraki     Mohammed Tunde-Jimoh     Aishat Sulu-Gambari     Awili Pedro     Bolaji Nagode     Ishola Moses Abiodun     Goodluck Jonathan     Reuben Paraje     Khairat Gwadabe     Mohammed Lawal     Bisi Oyeleke     Ahmad Ali     Ekiti     Ahmed Saidu Rufai     Post-utme     All Peoples Party     Folorunsho Erubu     Offa Poly     NYSC     Yahaya Jibril Usman     Gani Saadu     Emir Of Shonga     Sheriff Shagaya     Oladipo Akanmu Tolani     Muhammed Akanbi     High Court     Kudirat Arinola Lawal     Agboola Babatunde     Musa Aibinu     Sanusi Abubakar     Yakubu Gobir     Issa Oloruntogun