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Nairaland Forum / Nairaland / General / Politics / Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi (19803 Views)
States To Receive 13% Derivation From Mining Revenue — FG / FG Secures 13% Derivation Mining Revenue For States / RMAFC To Commence Disbursement Of 13% Derivation Fund To Lagos (Pic) (2) (3) (4)
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Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by Nobody: 3:09pm On Sep 29, 2016 |
Absolute nonsense. Why must Federal Govt still control solid minerals. States should own 100% and pay tax to these idiots at Abuja 3 Likes 1 Share |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by RockHard: 3:10pm On Sep 29, 2016 |
timeman: Receive sense and learn. Smh. http://businessdayonline.com/ogun-emerges-mining-capital-of-nigeria/ 3 Likes
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Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by watchindelta(m): 3:10pm On Sep 29, 2016 |
FriendChoice:so who na don leave igbo so na niger delta u ppl wan face em. as u take kn say na niger delta self |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by Caseless: 3:12pm On Sep 29, 2016 |
Great! |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by Caseless: 3:16pm On Sep 29, 2016 |
FriendChoice:don't mind the cow. 1 Like |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by 4nobody4every1: 3:16pm On Sep 29, 2016 |
anonimi:U no dey taya 1 Like
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Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by wristbangle: 3:17pm On Sep 29, 2016 |
modath: On point modath. Long time 2 Likes |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by Dalek(m): 3:19pm On Sep 29, 2016 |
tiwiex: plss do understand the point, they are not giving them 13% derivative out of oil revenue. This 13% will be coming from the revenue generated by states who mine solid minerals. so your oil is safe.... ok 2 Likes |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by yaki84: 3:20pm On Sep 29, 2016 |
FriendChoice:if u been read well n comprehend u for see say d 13percent na from fund wey federal govt set aside from oil revenue to take establish or develop d mining sector. |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by Caseless: 3:20pm On Sep 29, 2016 |
tiwiex:I don't understand "even in the north" . Over 75% of solid minerals found in Nigeria are in the north. 2 Likes |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by Teechawa: 3:23pm On Sep 29, 2016 |
States should be given 50% while the FG takes 50% of the proceeds of the mine. Then and only then will we see so many mines opening up. In fact, states will pay whoever to discover economically viable mines. States will ensure that the mines work effectively and efficiently. |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by danot1030: 3:25pm On Sep 29, 2016 |
Good policy. niger delta is gradually losing relevance, their hooliganism has ended becoming a blessing in disguise to Nigeria, we soon discovered that it's not only through oil that we can make money, thus bringing some none oil producing states with solid minirals to relevance. 1 Like |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by reptile1: 3:27pm On Sep 29, 2016 |
Hope they're giving them 13% from sale of their solid mineral not crude oil? |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by Caseless: 3:28pm On Sep 29, 2016 |
FriendChoice:kogi people will be like ? Coal and limestone being actively mined by dangote and if their stolen oil well is recovered, and they become an oil producing state, I think the state will be rich again. They better change the slogan of the state to "multiple 13 % derivator " 1 Like 1 Share
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Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by Nobody: 3:30pm On Sep 29, 2016 |
yaki84: And what was used to establish the oil sector decades ago? ist not from Federal government account with money from cotton, cocoa and groundnut. Just because you don't know history, doesn't mean everyone is like u |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by enigma2007(m): 3:33pm On Sep 29, 2016 |
FriendChoice: Good response! Most of them thought that the oil wells/fields flowed out of the ground automatically.. |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by anonimi: 3:35pm On Sep 29, 2016 |
4nobody4every1: Shey the public servants don tire to dey steal our money ni? So why me sef go tire to dey expose them, in the hope that their 200 million mumu fellow citizens will wake up. www.nairaland.com/attachments/2174510_nigeriansmobmentality_jpegd710c25fa577a4f0fb35da579ff1eb3d https://www.youtube.com/watch?v=dMWUS1W_ITc 1 Like |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by Rett0: 3:36pm On Sep 29, 2016 |
FriendChoice: You just realized it's their land. The same people shouting crush NDA. You now know what hatred means. The major reason why Nigeria won't prosper is Tribalism |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by anonimi: 3:36pm On Sep 29, 2016 |
FriendChoice: I thought that it was the Multinational oil companies that were LICENSED to establish the sector that brought in the money. Am I wrong? 2 Likes |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by wink2015(m): 3:37pm On Sep 29, 2016 |
Nonsense! It is laughable for Minister Fayemi to thinks Nigeria can make so much from mining. I do not think so. It is just a political weapon to blackmail the Niger deltan who are calling for resource control. So the talk about paying 13 per cent to states with viable mining sectors is just a political tool just to spit on the face of the Niger deltan. There is no way Nigeria can get the kind of money they receive from petroleum exporting in the solid mineral mining. Mining in itself is arduous, tasking, with long suffering. It is not like the easy petroleum where you just pump crude and export and get your dollars. Nigeria should go and study the stress Australia passed through to get their mining sectors to an international standard. Meanwhile, the government is creating the false impression that mining is just starting in Nigeria whereas states government in Nigeria have been conducting mining secretly for years. 2 Likes 1 Share
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Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by Nobody: 3:38pm On Sep 29, 2016 |
enigma2007: They are brainless, selfish and self-interested |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by 4nobody4every1: 3:39pm On Sep 29, 2016 |
anonimi:If Buhari must win the next election, he must get you arrested and locked up because you are destroying APC change mantra on Naiarland, l have tracked your IP and l know your location, expect EFCC within the next 48 hours, anonimi must be arrested 1 Like |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by Rett0: 3:39pm On Sep 29, 2016 |
FriendChoice: So you don't know that ND contributed to the national revenue in the days of Agricultural export. Please wake up N stop being Tribalistic 1 Like |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by Nobody: 3:39pm On Sep 29, 2016 |
anonimi: You are wrong. 1 Like |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by anonimi: 3:46pm On Sep 29, 2016 |
FriendChoice: Kindly explain, thanks. 1 Like |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by rudekidd: 3:49pm On Sep 29, 2016 |
FriendChoice: groundnuts didn't contribute sh*t to Nigeria 2 Likes |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by CSTR2: 3:51pm On Sep 29, 2016 |
. 1 Like 1 Share |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by modath(f): 3:52pm On Sep 29, 2016 |
wristbangle: |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by Nobody: 3:57pm On Sep 29, 2016 |
anonimi: Money from Federal account was used to found the project though it involves contribution from international companies. The same thing in mining, example is Kaduna nickel is being done by Australian company though money from Federal account is used. |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by Nobody: 3:57pm On Sep 29, 2016 |
[s] CSTR2:[/s] Ipob 2 Likes |
Re: Mining States To Receive 13% Derivation Revenue - Minister Of Mines, Fayemi by Blue3k(m): 3:58pm On Sep 29, 2016 |
Billyonaire: Thank you I ask this daily nobody seems to notice. There needs to be constitutional reform to make it so land and mineral rights are returned to individuals. Take it out of domain of Fedreal Government. Stop national cakes and let states compete for investment in market. |
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