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.
Haruna Olawale Sulaiman Association Of Kwara State Online Media Practitioners Nurudeen Muhammed Amusement Park Bola Sagaya Umar Sanda Yusuf Esuwoye Lanre Issa Onilu Niyi Ogundiran Ilorin General Hospital Al-Ilory Nigeria Foundation For Artificial Intelligence Abdulrasheed Na\'Allah Moshood Kashimawo Abiola Idris Amosa Saidu Michael Ologundea Bolakale Ayo Kwabes Gamji Members Association Kubra Kazum Ojuekun Elelu Moses Afolayan Abubakar Usman Jos Saka Abimbola Isau AbdulHamid Adi Ilorin Innovation Hub Gambari National Association Of Nigerian Students ARMTI Abdulazeez Uthman Adesina Simon Sodiya Tunde Idiagbon Road Akeem Olatunji Atiku Abubakar Odolaye Aremu Bolaji Gambari AGM Professional Services Femi Ogunsola Imam Gambari Adam Abdullahi Al-Ilory Toyin Sanusi Aso-ofi George Innih Muyideen Ajani Bello Fatai Garuba Labaka Shuaib Jawondo Bio Ibrahim SUBEB Samuel Elizabeth Keatswa Abdulrosheed Okiki Fatai Olodo Ambassador Kayode Laro Orisa Bridge Olayinka Olaogun Gurei Tunji Olawuyi Haruna Tambiri Mohammed Alloy Chukwuemeka Pacify Labs Shonga Yakub Ali-Agan Umar Gunu Kolawole Akande Senior Ibrahim Suleiman Aremu Odolaye SWAN Mukhtar Shagaya Oladipo Akanmu Tolani Abubakar Abdullahi Bata Oye Tinuoye Kehinde Baale Ladi Hassan Mohammed Katsina Ahmed Busari Alabi Alausa Hijaab Saliu Shola Taofeek

