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.

Sola Saraki University     Abdulfatai Salman Baakini     BIR     Kehinde Boyede     Femtech     Ado Ibrahim     Agbarigidoma     Alfa Yahaya Road     General Hospital     Tunde Kazeem     Aliyu Muhammed     Olabode Towoju     Isiaka Rafiu Mope     Muazam Nayaya     Mahmud Durosinlohun Atiku     Wahab Agbaje     Sobi Specialist Hospital     Ayegbeni     Haliru Dantoro     Mike Omotosho     Lithium Deposit     Tope Daramola     Segun Adeniyi     Soffiyyallah Kamaldeen     Neo Mundo Ltd     Adanla-Irese     Shururat Olatinwo     Akorede     Oke-Ogun     George Funsho Adebayo     VADA     Sebastine Obasi     Emmanuel Bello     Coronavirus     Niyi Osundare     Joseph Yemi Ajayi     Dauda Adesola     KSIRS     Moses Rahman Popoola     Turaki     Leke Ogungbe     CCEPE     Bashir Omolaja Bolarinwa     Fatai Adeniyi Garba     Oluwarotimi Boluwatife Adenike     Mumeen Lah     Charles Ibitoye     Muritala Olarewaju     Adekunle David Dunmade     Salihu Ajibola Ajia     Shuaib Jawondo     Saheed Popoola     Madawaki Of Ilorin     Isiaka Gold     Amos Bajeh     Katibi Ibraheem Adeola     HAMFAT Clinic And Maternity     Bukola Ajikobi     Centre For Peace And Strategic Studies     Nigerian Medical Association     Issa Oloruntogun     Alapansapa     Saka Balikis Kehinde     Sulyman Atolagbe Alege     Aliyu Sabi     Ahmed Bayero     Sidikat Uthman Ajibola     Kwha.gov.ng     Jimoh Lambe Abdulkareem     Hamidu Olowo     Kwara Metro Park     Academic Staff Union Of Universities     Mazars Consulting     Ministry Of Women Affairs And Social Development     Lafiagi     Ganmo     Femi Oladiji    

Cloud Tag: What's trending

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

Baba Issa     Eleyele     Oloye     Yusuf AbdulRasheed     Ganmo Electricity Sub-Station     Isiaka Alikinla     Kwara South     Vishvas KOZ Tractors     Oladipo Akanmu Tolani     Ibrahim Mashood     Abdulmalik Bashir Mopelola Risikatullahi     Roheemat Hammed     Adebayo Salami     Edret Sabi Abel     Afolabi-Oshatimehin     Yusuf Olaolu Ali     Funmilayo Mohammed     David Oyepinola Adedumoye     Funmilayo Braithwaite     Okin Group     Babatunde Idiagbon     Ishola Abdullahi     Abdullahi Biffo     Lawyers Unite Against Corruption     Demola Banu     Justina Oha     Government High School (GHS), Adeta     SUBEB     Shagari     Kwara State Health Insurance Agency     Adesina Simon Sodiya     Sam Okaula     Muyiwa Oladipo Kanu     Jaigbade Alao     Lai Mohammed     Abubakar Abdullahi Bata     Muhammed Mahe Abdulkadir     Donatus Ejidike     AbdulKareem Yusuf Danhawa     Akeem Olatunji     IESA     Federal Road Maintenance Agency     Mufti Of Ilorin     Haleeman Salman     Oyun     Omotosho     Muazam Nayaya     Roseline Oni Aremu     Bayo Ojo     Abdullahi AbdulMajeed     Michael Nzekwe     Medinat Folorunsho Salman     Olomu     Nurudeen Mohammed     Ayobami Seriki     Usman Yunusa     Tunde Mukaila Mustapha     Najim Yaasin     Haliru Dantoro     Aishat Sulu-Gambari     Jimba Babatunde     Yahaya Seriki Gambari     CKNG     Kwara Poly     Abdulkadir Orire     SSUCOEN     Wahab Kunle Shittu     Garment Factory     ER-KANG Mining     Ibrahim Orire     N-Power     Assayomo     Arinola Fatimoh Lawal     Femtech     Ahman Patigi     Abioye Bello     Adebayo Mohammed Kamaldeen