Business
FG To Eradicate Multiple Taxation In Mining Sector – Adegbite
The Minister of Mines and Steel Development, Mr Olamilekan Adegbite, says the Federal Government is setting in place various measures to eradicate multiple taxation for miners.
At the flagship Forum last Tuesday in Abuja, Adegbite said the ministry was engaging with the three tiers of government to resolve this issue.
He said that this informed the recent webinars and advocacy engagements by the ministry with all stakeholders in the country involved in the mining industry.
He said that though the constitution vested control of mineral resources in Nigeria in the Federal Government, the fund goes into the Federation Account, of which everybody participates.
He added that all the 774 local governments got money from that account but if they cut corners by disturbing the miners with unnecessary local taxes they get discouraged.
“So, it is double jeopardy when you go and do all these illegal taxes, or you go and disturb the miners, when you will benefit from what is derived in your place, you get a 13 per cent derivation.
“You also get your share of the federal accounts as of course laid down statutorily. So, it is a continuous process, we educate everybody and I think we are getting good results.”
The minister said there was a Mineral Resource Committee (MIRENCO) in every state and the chairman was nominated by the governor of that state, so that he would be in the know about everything going on about mining in that state.
He said that the chairman of that committee was to oversee all the activities between the miners, the community, the state government and the Federal Government.
“So, on that committee, the Federal Government has representatives, the local government has representatives, the governor chooses the chairman and then Ministry of Environment and other stakeholders bring in representatives as well.
“So, through this committee, everybody can participate, and make sure that we work in harmony, bake a bigger pie so everybody can share.
“So, it is continuous advocacy, we let them know what we are doing and of course they can also participate, where they do not understand or where the governor has any problem he can always ask the chairman.”
On the issue of rock blasting, he said cities had expanded to meet quarries.
According to him, quarrying is a necessity, because stones are needed to make concrete when building roads and houses.
Business
Entrepreneur Fetes Indigenous Patronage …Tasks Govt, NDDC, Others On Procurement
Business
Jonathan Applauds NCDMB, China’s Model for Shaping Nigeria’s Local Content Policy
Business
Vet Doctors Vow Support To Check Rabies Spread In Rivers
-
News2 days agoSoldier, Police Officer Killed As Army Rescues Nine Abductees In Zamfara
-
News2 days agoFubara Reaffirms Commitment To Creating Conducive Environment For Business Growth …Commissions Paint Manufacturing Plant
-
News2 days agoPH NBA Election: Committee Uncovers Over 500 Padded Names On Voters’ Register
-
Sports1 day agoFifa Scraps Controversial World Cup in Plan
-
Oil & Energy1 day agoRenewable Energy’s Indispensable To Nigeria’s Future – REAN
-
Business1 day agoVet Doctors Vow Support To Check Rabies Spread In Rivers
-
Politics2 days ago
COUNCIL BOSS RECEIVES RETURNING STAKEHOLDERS TO RAINBOW COALITION IN RIVERS LGA
-
Business1 day agoJonathan Applauds NCDMB, China’s Model for Shaping Nigeria’s Local Content Policy
