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.

Na\'Allah     Haruna Olawale Sulaiman     Afolayan     Kwara State Internal Revenue Service     Kwara State Polytechnic     Okanlawon Musa     Dagbalodo     University Road     CACOVID Palliatives     Taofeeq Olateju     Mohammed Yisa     Guber Aspirant     Mutawalle     Temitope Ogunbanke     Chief Imam Of Ilorin     Edu     Patigi Regatta     Lateef Alagbonsi     Amuda Aluko     Ahmad Olanrewaju Belgore     Ahmed Alhasssan     Summit University     Amos Bajeh     Shehu Alimi Foundation     Aliyu Adebayo     Yusuf Amuda Abubakar     Kehinde Baale     Deji Ajani     Nagode     Alao Ayotunde     Madawaki     Kolawole Bashirat     Rasaq Jimoh     Abdulwahab Ololele     Ifelodun     Lanre Jimoh     Ohoro Of Shao     IDPU     Maimunat Oloriegbe     Kwara United     Mansurat Amuda-Kannike     Odogun Olushola Gabriel     Albert Ogunsola     Saidu Isa     Abdulmalik Bashir Mopelola Risikatullahi     Ghali Muhammed     Niyi Ogundiran     Oba Abu     Mogaji Aare     Al-Adaby     Saka Keji     Bankole Omishore     HAMFAT Clinic And Maternity     Ajeigbe     LAK Jimoh     Joseph Bamigboye     Ubandawaki     Michael Nzwekwe     Kumbi Titilope     Segun Ogunsola     CLAY POT     Abatemi-Usman     Habeeb Abdullahi Al-Ilory     Yakubu Danladi     Muhammed Mahe Abdulkadir     New Model Police Station     Government House     Toyin Sanusi     Jimoh Saadudeen Muhammed     Tafidan Kaiama     Oke-Odo     Council Of The Wise     Ijagbo Health Centre     Ladi Hassan     Salihu S. Yaru     Lanre Issa-Onilu     Yahaya Oloriegbe    

Cloud Tag: What's trending

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

Maja     Police Commissioner     Zara Umar     Memunat Monsuma     KWTV     Salihu Ajia     Ndakene     Titus Suberu-Ajibola     Yoonus Lawal     Ronke Adeyemi     James Ayeni     Sardauna Of Ilorin     Road Transport Employers Association Of Nigeria     Aiyedun     Marufat Oladosu     Oba Sulaiman Asude     Alimi     Abdulrosheed Okiki     Sambo Murtala     Vishvas KOZ Tractors     Bisi Kristien     Suleiman Abubakar     Rafiu Olasile     Mahmud Durosinlohun Atiku     Kannike     Shagari     Akanji     JAMB     Kwara State University Of Education     Lasiele Alabi Yahaya     Rex Olawoye     Alaiye     Salihu Jibril Garbi     Abubakar Lah     Aliyu Salihu     Agor Market     Modibbo Kawu     Adewuyi Funmilayo     Read With Me     Kwara NIPR     Emir Of Lafiagi     SGBN     Ibrahim Abiodun     Teachers Specific Allowance     IHS Towers     Jawondo     National Information Technology Development Agency     Shonga     Ayinke Saka     Trade Lenda SME Fair     General Hospital     Abdulrasaq Alaro     Garuba Alikinla Shittu     Femtech     Tinubu Legacy Forum     Atiku Abubakar     Federal Polytechnic Offa     Muslimah Entrepreneurship Forum     Owo Isowo     Kupchi Hosea Maxwell     Adijat Adebiyi     Asa     Ayodele Kuburat Olaosebikan     Issa Memunat Moyosore     Siddiq Adebayo Idowu Salawu     Yeketi     Salihu Ajibola Ajia     Mumeen Lah     Kwara State Television     Raji Ayodele Kamaldeen     Temi Kolawole     Neo Mundo Ltd     Sunday Popo-Ola     Abraham Ojo     Otoge     Bilikis Oladimeji     Saduki Lafiagi