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.
Sulyman Age AbdulKareem Bola Olukoju Baaziki Sulaiman Ganiyu Abolarin Kwara State Internal Revenue Service Abdulfatai Baakini Ilesha Gwanara Road Tanke Road Odo-Owa Isau Abdulfatai Ahmed Danladi Saka Asiat Ayinke Ajase-Ipo Yusuf Abdulraheem Aishat Mohammed Lawal Local Government Pension Board Olatunji Abdulmumeen Iqra Books Mashood Abdulrafiu Agboola Just Law Forum Tafidan Kaiama Lanre Aremu Kumbi Titiloye A.E. Afolabi National Information Technology Development Agency Quranic Recitation Competition Rasaq Jimoh TESCOM Muhammadu Buhari Ilesha-Gwanara Fatai Adeniyi Garba Asiwaju Bola Tinubu Code Of Conduct Tribunal Facemasks SUBEB University Road SWAN Ramadhan Monthly Sanitation International Aviation College Toyin Saraki Gambari Hassan Oyeleke Democracy Day AbdulRauf Keji Aliyu Umar Rasheed Jimoh Mopelola Abdulmaliq-Bashir Ilorin Curfew PPS Amoyo Musibau Akanji Kwabes Muhammed Mahe Abdulkadir Sobi Lafia Aliyu Korasabi Tosho Yaqub Dorcas Afeniforo Ojuekun Sarumi Kwara State Polytechnic Ilesha-Baruba-Gwanara Basic Education Certificate Examination Joseph Bamigboye Henry Olaosebikan Owu Fall Shonga Farm Project Femi Gbajabiamila Emir Of Kano Bukola Saraki FERMA Mazars Consulting Senior Staff Union Of Colleges Of Education Marafan Shonga Yusuf AbdulRasheed Edret Sabi Abel Alimi

