Solid minerals: Kwara governor seeks states' control of royalties
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.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Omu Aran Muhammadu Buhari Suleiman Idris Michael Ologundea Col. Adedipe Sarkin Malamai Share/Tsaragi Ndakene Simon Sayomi Abdulkarim Adisa Kayode Oyin-Zubair Onilorin John Olajide Adedipe March 28 Ajibike Katibi HICA Baba Idris Adedipe Iyabo Adewuyi Abdulfatah Ahmed Abdulfatai Ahmed John Olobayo Iyabo Adisa Ibiyeye Amusement Park KWAFFA Timothy Olatunde Fadipe Abiodun Abdulkareem Kayode Oyin Zubair Abdulkareem Alabi Abdulwasiu Bolaji Adeyi Adanla-Irese Ajeigbe Okin Biscuit Federal College Of Education (Special), Afon Mashood Dauda Shuaib Olarongbe GANZY Yusuf Aiyedun Sheikh Ridhwanullah NaAllah CLAY POT Ilorin Like-Minds Mohammed Yisa Ahmad Lawan Joshua Adeyemi Adimula Madawaki Of Ilorin SSUCOEN SARS Isiaq Khadeejah Azeez Bello Abdulrasheed Akogun Gbemisola Oguntimehin Wahab Issa Inside Kwara Ilorin Airport Royal FM Bola Ahmed Tinubu Halidu Danbaba Muazam Nayaya Isiaka Yusuf Maigida Soludero Transit Mopelola Abdulmaliq-Bashir Yoonus Lawal A.G.F Abdulrasaq TESCOM 2025 Nagode Salihu Ajibola Ajia Bilikisu Gambari Sebastine Obasi College Of Education Vasolar Olaitan Adefila Abubakar Imam Adamu Jemilat-Baki Bisi Kristien Mike Omotosho NAWOJ

