ABUJA— THE
Federal Government has disclosed that states will receive 13 per cent
derivation from mining revenue to encourage more collaboration. Minister of
Min
es and Steel Development, Dr Kayode Fayemi, gave the hint while delivering
his ministerial address at the ongoing 2nd Nigeria Mining Week, organised by
Miners Association of Nigeria, in partnership with IPAD Nigeria,
PricewaterhouseCoopers, and Spintelligent.
He said the
event came at the right time when there was a season of interesting
developments in the sector, which the government has started implementation of
the Mining Roadmap that was launched last year.
He said:
“This conference, in its second edition, is fully endorsed by the Federal
Ministry of Mines and Steel Development, and is a testament to the
possibilities that abound when stakeholders collaborate to achieve set
objectives.
“I am
pleased that the Mining Week has come to stay and has become a major fixture in
our country’s calendar of prominent events.
Our ministry
is pleased to support this platform that is aligned with our key priorities.
“We have
rightly identified as one of our priorities the need to improve our engagement
of stakeholders at the sub-national level, particularly the state governments
and communities.
“We realise
that in order to give the states good reason to work with us, we need to create
avenues for a greater degree of financial participation and revenue sharing in
the sector. Accordingly, we have secured approval for state governments to be
beneficiaries of 13 per cent derivation from mining revenue.”
However,
Governor Darius Ishaku of Taraba State, in his remarks advocated restructuring
in the mining sector in order to reduce tension between the federal and state
governments.
Ishaku said:
“The exclusive list gives the right in the constitution to the Federal
Government, but the land the same constitution gives me the right over the
land. There is a conflict there; you have to get to the land to mine the
mineral below.”
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