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.

Okiki     Kayode Yusuf     Ahmad Lawan     Ibrahim Abdullahi     Toun Okewale-Sonaiya     Alaro     Playing Host     Oke-Ero     Kwara State Council Of Chiefs     Ibrahim Akaje     Seed Technologies     Ohoro Of Shao     Mohammed Yahaya Barki     Abdulmumini AbdulRazaq     Share/Tsaragi     Oyeyemi Olasumbo Florence     20 Billion Bond     Abdulfatai Salman Baakini     Unilorin FM     Mary Arinde     Funmilayo Mohammed     Salihu Jibril Garbi     Amuda Bembe     Toyin Saraki     Ijagbo Health Centre     Moses Salami     Patience Jonathan     Olatunde Jare     CACOVID     John Obuh     Olaitan Adefila     Okoolowo     Gani Saadu     Iyabo Adewuyi     Oniwa     Sayomi     NAWOJ     Bolaji Aladie     Sambo Murtala     Muslim Stakeholders Of Kwara State     Joseph Bamigboye     Olaiya Zuberu     Amuda Aluko     Isiaka AbdulRazaq     Rebecca Olanrewaju     Law School Scholarship     Lanre Badmus     Ubandoma     Niyi Osundare     Freshvine Nigeria Limited     A.O. Belgore     Arinola Fatimoh Lawal     Kwara United     Orisun Igbomina     Joseph Yemi Ajayi     Y.A. Abdulkareem     Pacify Labs     Kwara State Coalition Of Business And Professional Associations     EndSARS     Femi Gbajabiamila     Coronavirus     Halidu Danbaba     Hassan Taiye Salam     Sheikh Ariyibi     Salary     Vishvas KOZ Tractors     Gurei     Sadiq Buhari     Council Of The Wise     Seun Bolaji     Kayode Zubair     Theophilus Oyebiyi     Afusat Nike Ibrahim     Ministry Of Women Affairs And Social Development     Aminat Ahmed     Aiyedun     Ayinde Oki    

Cloud Tag: What's trending

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

International Vocational Centre     Muhammad-Mustapha Suleiman     Turaki Of Ilorin     Code Of Conduct     Baba-Isale     Taofeek Ibraheem     Adaramaja     Nigeria Customs Service     Moronfoye     Agboola Babatunde     Abdulrazaq Sanni     ITP     Yusuf Abdulraheem     Saliu Tunde Bello     Najim Yaasin     Olatunji Moronfoye     Michael Ologundea     ER-KANG     Lai Gobir     Babaita     Sheikh Ariyibi     Haruna Olawale Sulaiman     Dairo Kunle Paul     Ajibola Ademola Julius     Aminat Ahmed     Iyeru Grammar School     Fatai Garuba Labaka     KWAFFA     Bayo Ojo     Sai Kayi     Abdullahi Atanda     Donatus Ejidike     First Lady     AbdulGaniyu Kareem     Sobi     Kola Ologbondiyan     Amina El-Imam     Chief Imam Of Offa     Kishira     Kayode Yusuf     Moremi High School     Babaloja-General     Kazeem Gbolagade     COVID     Taofeeq Olateju     Kwara State Governor     Aliyu Kora Sabi     Ayinde Oyepitan     Oni Adebayo     Radio Kwara     Ayo Salami     Okeose Christian Cementary     Tsaragi     Hussein Olokooba     Fareedah Dankaka     Press Release     Saliu Alamoyo     Centre For Digital Economy     Shuaib Jawondo     Atiku Abubakar     Abdulrauf Yusuf     Jide Ashonibare     Centre For Community Empowerment And Poverty Eradication     Tuesday Assayomo     Hassan Abdulazeez Elewu     Baboko Primary School     Stephen Fasakin     Cassava Growers\' Association     Omu Aran     Ayodele Olaosebikan     Eleja     Razak Atunwa     Musa Alhassan Buge     Dauda Adeniran Adeshola     Kazeem Adekanye     Raymond Olaitan     Ibrahim Taiwo Road