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.

Umar Bayo Abdulwahab     Ibrahim Bio     NSCIA     Moses Afolayan     Oluranti Idowu     Kwara State Printing And Publishing Corporation     Abraysports FC     IFK     Computer Based Test     Abdulrahman Abdullahi Kayode     Isiaka AbdulRazaq     Moshood Bakare     Maryam Nurudeen     David Oyepinola Adedumoye     TESCOM 2025     Iyaloja-General     Fatimoh Lawal     Idi-Ape     Kwasu     International Vocational Centre     Arik     Admiralty Villa     Babata     Makama Of Kaiama     Rebecca Olanrewaju     Read With Me     Ohoro Of Shao     Hamidat Sulyman-Yusuf     Benin Republic     Clement Yomi Adeboye     Yunus Lawal     Segun Abifarin     Oke-Odo     Wahab Isa     Is\'haq Modibbo Kawu     Mohammed Yahaya Barki     Tanke Flyover Bridge     Unilorin     Fatima Abolore Jimoh     Al-Adaby     Ajia-Bako     Olaiya Victor Mobolaji     Bola Tinubu     Saad Omo\'ya     Niyi Ogundiran     Ahman Patigi     Kayode Laro     Iyiola Oyedepo     Alao Ayotunde     Medinat Folorunsho Salman     TESCOM     Ekweremadu     Innocent Okoye     Aliyu Sabi     Taofik Abdulkareem     M.Y. Abdulrahaman     SWAN     Ajayi Okasanmi     Prince Mahe Abdulkadir     Isiaka Saka Opobiyi     Oluronke Adeyemi     Tunde Idiagbon Road     Yusuf Amuda Gobir     Ahmed Alhasssan     Tescom.kwarastate.gov.ng     Taofeek Ibraheem     Abdulfatai Ahmed     Bilikisu Gambari     Wasiu Odewale     Olota Of Odo-Owa     Ilorin Like-Minds     Coalition Of Kwara North Groups     Curfew     Falokun-Oja     Bello Oyedepo     Unilorin FM     Egbewole    

Cloud Tag: What's trending

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

Akorede     Kehinde Boyede     Balogun-Ojomu     Ayoade Akinnibosun     Gbugbu     Nnazua     Unicontinental Construction Company     Elerin Of Adanla Irese     Abdulhakeem Adelaja Amao     Agboola Abdulraheem     Wahab Abayawo     NTA Ilorin     Alikinla     Yusuf Aiyedun     KWIRS     Mohammed Yisa     GAMA     Ezekiel Yissa Benjamin     Amada Jidda     Afonja     Dairo Kunle Paul     Sobi FM     Muritala Olarewaju     Mahmud Ayinla Giwa     Revenue Court     Olatunji Moronfoye     Minister     Marufat Oladosu     Amuda Musbau     Oro Grammar School     Neuropsychiatric Hospital     Mahmud Babatunde Baker     Ganiyu Abolarin     Abdullahi Saadudeen Alikinla     Sulyman Tejidini     Ohoro Of Shao     Hauwa Nuru     Suraj Tunji Oyewale     Lanre Olosunde     Sarafadeen Kayode Akorede     National Information Technology Development Agency     MATTA Girls Foundation     Alagbado     Hamza Usman     General Tunde Idiagbon International Airport Ilorin     Share/Tsaragi     Folorunsho Alao     Lai Gobir     Siddiq Adebayo Idowu Salawu     Abdulmumin Yinka Ajia     Okanlawon Taiwo     Eleyele     Bankole Omishore     Ubandoma     Adijat Adebiyi     Oasis Muslim Care Foundation     ITEM 7     Read With Me     ASKOMP     Salman Suleiman     Ariyo     Wahab Agbaje     Mustapha Olanipekun     Wale Oladepo     Yusuf Amuda Gobir     Kwara Central     Umar Ayinla Saro     Olugbense     Alaaya     Abdulrazaq Aiyelabegan     Amina El-Imam     Abdulwahab Olarewaju Issa     Hassan Taiye Salam     Ibraheem Adeola Katibi     Aremu Bose Deborah     Samuel Olusegun Adedayo     Ajayi Okasanmi