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.

Nurudeen Mohammed     International Public Sector Accounting Standards     Popo-Igbonna     Ilorin Amusement Park     Mohammed Haruna     Sola Saraki University     Oluwatoyin Lukman     MMWG     Buhari     National Information Technology Development Agency     NTA Ilorin     Chikanda     Ibrahim Issa Jetti     Abubakar Imam     Atiku Abubakar     Ibrahim Sulu Gambari     David Oyedepo     Omu-aran     Ilorin South Constituency     Isaac Gbenle     Muslimah Entrepreneurship Forum     Abdulrahman Abdulrasak     Abubakar Ndakene     Hassan Abdulazeez Elewu     Photo News     Shuaibu Yaman Abdullahi     Okin High School     Kwara Liberation Group     KW-GIS     Ilorin Curfew     Pakata     Post-utme     Adebayo Salami     Fatimat Saliu     Adewuyi Funmilayo     Kayode Laro     Oluronke Adeyemi     Saudat Abdulbaqi     Mamman Saba Jibril     Bola Sagaya     Sam Onile     Tunde Kazeem     Student Learning Support Helpline     Bature Bello     Federal Polytechnic Offa     Voices Of Tomorrow     Olatomiwa Williams     Third Estate     Savannah Centre For Diplomacy, Democracy And Development     Nigeria Foundation For Artificial Intelligence     Mohammed Ibrahim     Lanwa     Gani Saadu     Elewu     Salihu Alhaji Musa     Saad Belgore     Dan Iya     Senate     Oke-Ogun     Kumbi Titilope     Forgo Battery Company Limited     Federal Neuro-Psychiatric Hospital     Ayedun     Temi Kolawole     Ekweremadu     Wahab Femi Agbaje     Wahab Olasupo Egbewole     Ahmed Alhasssan     Maryam Nurudeen     Revenue Court     Saka Abimbola Isau     Isiaka Saka Opobiyi     ASKOMP     Abdulmalik Bashir Mopelola Risikatullahi     Abdulwahab Ololele     Bahago     Abraysports FC    

Cloud Tag: What's trending

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

Ilorin Like-Minds     Muhammed Danjuma     Olayinka Oladapo Jogunola     Kwara State Council Of Chiefs     Elewu     Kpotum Mohammed Baba     Suleiman Yahya Alapansapa     Apata Ajele Secondary School     UNILORIN Alumni Association     Bello Bature     Al-Adaby     Abatemi Usman     Saka Isau     Saeedat Aliyu     NFAI     Abdullah Janet Amudat     Hassan Abdulazeez Elewu     Kwasu     Halimat Yusuf     UITH     Omoniyi M. Ayinla     Saka Keji     Hassan Taiye Salam     Durosinlohun Atiku     Kwara State Internal Revenue Service     Ali Ahmad     Bahago     Yusuf A. Usman     Ubandoma     Sarkin Malamai     Olanrewju Okanlawon Musa     Umar Ahmed Gunu     John Obuh     Sola Saraki University     Amos Justus Sayo     Prince Bola Ajibola     Tunde Yusuf     NIPR     Ambassador Kayode Laro     Wahab Kunle Shittu     Hijaab     Oniye     Monthly Sanitation Exercise     Abdullahi Adisa Akodudu     Senate Presidency     Aremu Odolaye     Fulani     KWASEIC     Islamic Development Bank     Apaola     Dauda Adeniran Adeshola     Rotimi Oyedepo     Rapheal Ashaolu     Ilorin Emirate Staff Association     Raliat Islamic Foundation     KWASSIP     Temitope Ogunbanke     Okin Biscuits     Unilorin     Abdullahi Biffo     Siraj Oyewale     Adedeji Onimago     Abdulrazaq Solihudeen     SSUCOEN     Aliyu Muhammed     Asa LGEA School     Afeyin-Olukuta     Bashir Badawi     Lasiele Alabi Yahaya     Tunji Moronfoye     Ilorin Talaka Parapo (ITP)     Yemi Osinbajo     Umar Danladi Shero     Idowu Laro     Afonja Descendants Union     Oba Abdulkadir La\'aro     Hassan Saliu