The Federal Government on Thursday told state governments that they could not control the mineral deposits in their various domains.
Minister of Mines and Steel Development, Olamilekan Adegbite, said this at a sensitisation meeting with state commissioners for justice, minerals and environment from the North-Central geopolitical zone.
The issue of resource control had been put in the front burner recently with the unveiling of Zamfara state government plan to establish a gold reserve through buying of gold from artisenal miner indigenes.
Reacting to calls for the amendment of the exclusive list section on minerals in the country’s constitution to allow states have participatory roles in mining, the minister said doing so would amount to selfishness and would be detrimental to the nation’s economic system.
Adegbite explained that the oil revenue derived from a section of the country was being used for the overall development of Nigeria.
He told the commissioners that as attention was now focusing on the development of the minerals sector for revenue generation, it must be used for the common good of all.
The minister, in a statement issued in Abuja by the mines ministry’s Assistant Director, Press, Timothy Akpoili, stated that royalties and other revenues generated from solid minerals mining were paid into the consolidated fund.
He said the fund was shared in accordance with derivation principle during monthly revenue allocation sharing.
Please, remember to always like our page and visit our website for updates. You can also download our android mobile app from google playstore