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.

Muyideen Ajani Bello     Onilu     Sheikh Ridhwanullah     Ubandoma     Okoolowo     Osinbajo     Musa Aibinu     Freshvine Nigeria Limited     Turaki Of Ilorin     Hajj     Ibrahim Orire     Bayo Mohammed Onimode     International Aviation College     Senior Staff Union Of Colleges Of Education     Emmanuel Olatunji Adesoye     Ayinde Oyepitan     Presidential Election     Kunle Akogun     Sulyman Age AbdulKareem     Damilola Yusuf     A.E. Afolabi     Segun Adeniyi     Sunday Fagbemi     Samari     AbdulRasaq Abdulmajeed Alaro     Bola Olukoju     Senate     Olayinka Are     LEAH Charity Foundation     Abikan     Baba-Isale     Curfew     Habeeb Saidu     Amos Sayo     Ilorin Talaka Parapo     Monthly Sanitation Exercise     Salmon Babatunde Salmon     Suleiman Abubakar     Iyaloja-General     Isa Aremu     Ibrahim Abduquadri Abikan     Gbemisola Saraki     Sango-UITH Road     Offa Metropolitan Club     Dar-Al-Handasah Consultants     Balogun Fulani     Ibrahim Abdulqadir Abikan     Sun Qing Rong     Muhammed Abdullahi     AGM Professional Services     Charles Ibitoye     Kolawole Akande     Eleyele     Isin     Eghe Igbinehi     Saka Asiat Ayinke     Tinubu     Yahaya A Paniyaro     Ahmed Shuaib Buranga     Lithium Deposit     Revenue Court     Rasaq Jimoh     Alimi     Lotus Bank     Suleiman Yahya Alapansapa     Ramadan     Bolaji Aladie     Emir Of Ilorin     Raliat AbdulRazaq     Ahmad Olayiwola Kamaldeen     Yekeen Alabi     Joana Nnazua Kolo     Deji Ajani     GGDSS Pakata     Taofik Abdulkareem Babaita     Eleja Taiwo Banu     NSCIA    

Cloud Tag: What's trending

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

Buhari     Lukman Adeloyin     Femtech     Ojuekun     Undergraduate Bursary     Quran     Muhammad Ghali Alaaya     Donatus Ejidike     Ado Bayero     Makama Of Ilorin     Mogaji Aare     Oladipo Akanmu Tolani     MATTA Girls Foundation     Alfa Modibbo Belgore     Kola Ologbondiyan     Press Release     MAI Akande     Kwara TV     Joseph Offorjama     Olaoye B. Felix     Monthly Sanitation     Toyin Saraki     Shade Omoniyi     CCEPE     Yusuf Abubakar     Ayobami Seriki     Kamaldeen Ajibade     Mufutau Olatinwo     Saadu Yusuf     Babajide Ajayi     Omupo     Okala Baba     Ogidi-Oloje     Students Union Government     Saka Isau     Just Event Online     Abdullahi Saadudeen Alikinla     Bilikisu Gambari     Salihu Jibril Garbi     Alaiye     Ndama Al-hassan     Sarah Alade     Adesoye     Suraj Tunji Oyewale     Ajase-Ipo     Bashirat Bola Bello     Mustapha Olanipekun     Yahaya A Paniyaro     GAMA     Idofin     Ishaq Abdulkarim     Aiyedun     NIRSAL     Olatunji Ibrahim     Sola Saraki Educational Foundation     Mohammed Tunde-Jimoh     Awoye     Folaranmi Aro     Igbomina     Mustapha Akanbi     International Aviation College     Muhammadu Buhari     AbdulRauf Keji     Gbemi Saraki     Akande Idowu Ayoola Muhammed     Sobi FM     Lanre Badmus     Micheal Imoudu     Elerinjare     Adedayo Yusuf Abdulkareem     Yomi Ogunsola     Olatunji Moronfoye     Aliyu Salihu     Waheed Ibrahim     Abdulwahab Oba     Gani Saadu     Elesie Of Esie