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.

Park     Sarah Alade     Yemi Osinbajo     Omar Gambari     Muhammadu Buhari     Balogun Ajikobi     AbdulHakeem Ajibola Akanbi     Quareeb     Kayode Oyin Zubair     Odogun Olushola Gabriel     Kwara     Ibrahim Abduquadri Abikan     Afusat Nike Ibrahim     Nigerian Correctional Service     Gbenga Awoyale     Sarkin Malamai     Saad Omo\'ya     Abdulrahman Abdulrazaq     Kamoru Kadiri     Diagnostic Centre     Temitope Ogunbanke     Shonga Farm Project     Aisha Abodunrin Ibrahim     Amos Bajeh     Illyasu Abdullahi     Computer Based Test     Durbar Festival     HICA     John Mayokun Dada     Yusuf Olaolu Ali     Funmilayo Braithwaite     Alaiye     Albert Ogunsola     Onilorin     Oko     Isiaka Saka Opobiyi     Owo Arugbo     Memunat Monsuma     Tafida     Afolabi-Oshatimehin     Dumagi     Alaro     Aisha Gobir     Sulyman Age AbdulKareem     Kwara Poly     Olanrewju Okanlawon Musa     Mike Omotosho     Fatai Adeniyi Garba     2023 Elections     Raheem Adaramaja     Alimi     Aso Ofi     Bello Taoheed Abubakar     Segun Abifarin     Salihu Jibril Garbi     Neo Mundo Ltd     Kunle Akogun     Makama Of Kaiama     Sheriff Shagaya     Crystal Corner Shops     Omu Aran     Yahya Mohammed     Government Girls’ Day Secondary School Pakata     Inside Kwara     Olaosebikan     Kolawole Akande     Ahman Pategi     Titus Suberu-Ajibola     Saraki     Olokoba Abdullahi Ayinla     Ekweremadu     Emir Of Yashikira     SAPZ Project     Olosi Of Osi     Salihu Ajibola Ajia     Imodoye Writer’s Enclave     Reuben Paraje    

Cloud Tag: What's trending

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

Maimunat Oloriegbe     Ezekiel Yissa Benjamin     Awwal Jawondo     Onilupeju Of Ilupeju     Ebun-Olu Adegboruwa     Igosun     Umar Yakubu Jaja     Woro     Galadiman Ngeri     Salihu Ajibola Ajia     Egbewole     UITH     Old Oyo     Gani Saadu     Oloyede     LABTOP     Kazeem Gbolagade     Temi Kolawole     Kunle Okeowo     Idris Amosa Oladipo Saidu     Women For Change And Development Initiative     Kupchi Hosea Maxwell     Tafida Of Kaiama     Olabode George Towoju     Ahmed Dankaya     Eghe Igbinehi     Olupako     Otoge     Saka Balikis Kehinde     Yakub Ali-Agan     Jamila Bio Ibrahim     Alfa Belgore     Anilelerin     NaAllah     Fatimah Abdulkadir     Olabimpe Olani     Tunji Ajanaku     Ganiyu Abolarin     Abdulfatai Baakini     Suleiman Yahya Alapansapa     IQRA College     Wahab Issa     Balogun Ajikobi     Kolade Solagberu     Sa\'adatu Modibbo-Kawu     Oyelere Oyinloye     Kisira     Salihu Alhaji Musa     Yekeen Alabi     Ilorin Anchor Men And Women     NSCIA     Madawaki Of Ilorin     AbdulRasaq Abdulmajeed Alaro     Kudirat Arinola Lawal     Adamu Ibrahim Sabi     Yahaya A Paniyaro     Overland     Danladi     Paul Olawoore     March 18     Imam Gambari     Hussein Olokooba     Ahmed Shuaib Buranga     Public Holiday     Ella Supreme Tissue Paper     Bureau Of Lands     Baba Isale     Durosinlohun Atiku     Salmon Babatunde Salmon     Ilofa     Oba-Solagberu     General Hospital, Offa     Elekoyangan     Bashir Badawi     Alagbado     CBT     Oba Abu