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Nairaland Forum / Nairaland / General / Politics / FG Secures 13% Derivation Mining Revenue For States (14885 Views)
Minimum Wage: FG Secures Court Order To Stop Labour Strike / FG Secures Senator Nwaoboshi's Arrest Warrant Over Diversion Of N3.48bn / States To Receive 13% Derivation From Mining Revenue — FG (2) (3) (4)
FG Secures 13% Derivation Mining Revenue For States by Blue3k(m): 12:47am On Apr 26, 2017 |
By Simon Ebegbulem http://www.vanguardngr.com/2017/04/fg-secures-13-derivation-mining-revenue-states/ 3 Likes
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Re: FG Secures 13% Derivation Mining Revenue For States by smartty68(m): 12:50am On Apr 26, 2017 |
Yet Nigeria doesn't look like a nation that mines solid minerals... I don't know what they use this minerals for sef because we do more of import than export... 3 Likes
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Re: FG Secures 13% Derivation Mining Revenue For States by Blue3k(m): 12:55am On Apr 26, 2017 |
This news is odd to me honestly. Btw the way the Derivation law is written this should have always been the case. Ogun and Kogi will benefit alot from this development. The President, upon the receipt of advice from the Revenue Mobilisation Allocation and Fiscal Section 162, 1999 Constitution of Nigeria 2 Likes 1 Share |
Re: FG Secures 13% Derivation Mining Revenue For States by chiscodedon(m): 6:39am On Apr 26, 2017 |
That's bulshit..13% derivation fund they are going to squander.. Is high time state govs knew they are executive arm of govt... Should try be independent nor depending on federal govt sharing. 13% derivation fund given to oil producing state what are doing with it,no giant projects to justify it ,still among those owing workers salary |
Re: FG Secures 13% Derivation Mining Revenue For States by EVarn(m): 2:13pm On Apr 26, 2017 |
Blue3k:The problem with states investing in the mining sector is that mining requires long term commitment and a lot of infrastructure; state governors either do not have the political will or they have limited time to conclude such plans,so they dont even venture into it at all(afterall,the people always clamour for visible results,not blueprints,and the governors will always tow the line of political correctness). 3 Likes |
Re: FG Secures 13% Derivation Mining Revenue For States by Blue3k(m): 2:23pm On Apr 26, 2017 |
EVarn: I don't want these losers investing directly into anything. The state is most inefficient party at this. We seen it too well in Nigeria. The only thing they know how to do well is get in middle of good situation with joint venture. The best thing they could do is make sure business easy to conduct, educating population to take advantage, and infastrure to move these minerals. These mines are usually in remote places. 4 Likes |
Re: FG Secures 13% Derivation Mining Revenue For States by Greatigbos(f): 2:26pm On Apr 26, 2017 |
Re: FG Secures 13% Derivation Mining Revenue For States by Nobody: 2:29pm On Apr 26, 2017 |
Lagos - Oil resources Ogun - Mining resources Kogi - Mining resources This government sef |
Re: FG Secures 13% Derivation Mining Revenue For States by EVarn(m): 3:50pm On Apr 26, 2017 |
Blue3k:Really,I see nothing wrong in state governments operating mining companies(in joint venture with private investors,who would be the real experts and industry drivers,but the SGs owning a controlling share,say 30-40%); that way,there would be regulation of the industry and more revenue would be generated for them aside the 13% derivative. 1 Like |
Re: FG Secures 13% Derivation Mining Revenue For States by MasterChen: 3:53pm On Apr 26, 2017 |
If this is true, then it's great news for Ogun state. Ogun State is the highest contributor to mining in the whole country. The state produced the highest tons of Solid Minerals in 2016. The chief parasites of Nigeria know themselves, but na dem make noise pass Most likely a trick to distract us from the fact that they are parasites. That trick is working well unfortunately 13 Likes 2 Shares |
Re: FG Secures 13% Derivation Mining Revenue For States by FlyoruB: 3:55pm On Apr 26, 2017 |
Great news. This should encourage and ginger more state governors to develop their states' mining sector. 1 Like |
Re: FG Secures 13% Derivation Mining Revenue For States by AshiwajuFoward: 3:59pm On Apr 26, 2017 |
MasterChen: Not just Ogun but the entire SW region. Kogi will also be another big beneficiary. 4 Likes 1 Share
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Re: FG Secures 13% Derivation Mining Revenue For States by MasterChen: 4:00pm On Apr 26, 2017 |
ZombieTAMER: Una own no pass to dey use mouth dey separate country As if typing "support breakup of Nigeria" upandan on NL is enough to partition the country. Iranu 8 Likes 1 Share |
Re: FG Secures 13% Derivation Mining Revenue For States by Blue3k(m): 4:02pm On Apr 26, 2017 |
AshiwajuFoward: Your chart it old. Get the 2016 one. Cc: AshiwajuFoward sorry link below http://nigerianstat.gov.ng/report/523 3 Likes |
Re: FG Secures 13% Derivation Mining Revenue For States by AshiwajuFoward: 4:04pm On Apr 26, 2017 |
Blue3k: I don try na, why not help with the more recent one. |
Re: FG Secures 13% Derivation Mining Revenue For States by ZombieTAMER: 4:04pm On Apr 26, 2017 |
This should be the more reason we all should be clamouring for the Balkanization of the country... Support separation today |
Re: FG Secures 13% Derivation Mining Revenue For States by veekid(m): 4:18pm On Apr 26, 2017 |
Okay; next? |
Re: FG Secures 13% Derivation Mining Revenue For States by brainpulse: 4:18pm On Apr 26, 2017 |
Good one from the federal government, they are doing their best |
Re: FG Secures 13% Derivation Mining Revenue For States by Nobody: 4:18pm On Apr 26, 2017 |
Good news....will encourage states to 1.Go into mining more 2.Regulate the completely unregulated mining industry in Nigeria 3.Help reduce our dependence on oil. Though, some note of caution 1.Mining can harm the environment too 2.Prices of solid minerals fluctuate well well. Ask Zambia...that depends on copper...what happened when copper prcies crashed a few years ago. 1 Like 1 Share |
Re: FG Secures 13% Derivation Mining Revenue For States by DollarAngel(m): 4:19pm On Apr 26, 2017 |
Leave these TRASH for LAWMA, if it's not OIL MONEY it's not OIL MONEY 3 Likes
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Re: FG Secures 13% Derivation Mining Revenue For States by FlyoruB: 4:19pm On Apr 26, 2017 |
. 2 Likes
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Re: FG Secures 13% Derivation Mining Revenue For States by Pavore9: 4:20pm On Apr 26, 2017 |
Even if it is 50%, it will be squandered! |
Re: FG Secures 13% Derivation Mining Revenue For States by ednut1(m): 4:20pm On Apr 26, 2017 |
linus, 90% of the mining in the north is illegal mining, but JTF wont go after them like dey do in the creeks 3 Likes 2 Shares |
Re: FG Secures 13% Derivation Mining Revenue For States by Goldenheart(m): 4:20pm On Apr 26, 2017 |
Re: FG Secures 13% Derivation Mining Revenue For States by Nobody: 4:21pm On Apr 26, 2017 |
ZombieTAMER: Into how many countries? Plus......the minerals need to be exported by the sea...so splitting Nigeria will just raise export costs for landlocked new countries that come out of Nigeria. Like how would the Arewa republic export their minerals? You Biafrans/Oduduwans/Ijawans/Tivians think you would let them export it through your ports for free? Splitting Nigeria no be beans. 1 Like |
Re: FG Secures 13% Derivation Mining Revenue For States by XerXers: 4:21pm On Apr 26, 2017 |
a |
Re: FG Secures 13% Derivation Mining Revenue For States by Nobody: 4:22pm On Apr 26, 2017 |
How I react this days when I see EFCC news .
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Re: FG Secures 13% Derivation Mining Revenue For States by Nobody: 4:22pm On Apr 26, 2017 |
Pavore9: That is why you Nigerians should pay more attention to what your leaders do in Abuja and the states and the LGA's. And why don't you run for office? You could change things too. |
Re: FG Secures 13% Derivation Mining Revenue For States by Nobody: 4:23pm On Apr 26, 2017 |
Blue3k: Thank you for enlightening some of us 1 Like |
Re: FG Secures 13% Derivation Mining Revenue For States by Dejiprince: 4:23pm On Apr 26, 2017 |
Good one. |
Re: FG Secures 13% Derivation Mining Revenue For States by Franzinni: 4:23pm On Apr 26, 2017 |
Ni ji.. Ri. Ya. |
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