By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Africa Housing NewsAfrica Housing News
Notification Show More
Aa
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Reading: Wike: FG Has Failed to Translate Nigeria’s Mineral Wealth into Economic Development
Share
Aa
Africa Housing NewsAfrica Housing News
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
Search
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Have an existing account? Sign In
Follow US
Africa Housing News > Blog > News > Wike: FG Has Failed to Translate Nigeria’s Mineral Wealth into Economic Development
News

Wike: FG Has Failed to Translate Nigeria’s Mineral Wealth into Economic Development

Fesadeb
Last updated: 2021/04/20 at 1:50 PM
Fesadeb Published April 20, 2021
Share
SHARE

By Akanimo Sampson

Governor Nyesom Wike of Rivers State says the Federal Government which unilaterally controls Nigeria’s rich mineral endowment has failed to translate the mineral wealth into overall economic development of the deeply troubled country.

He is therefore, proposing that the federating units in the twisted federal system should be allowed to develop and operate their respective minerals and pay royalty to the central government, insisting that the reality of the country’s economic situation has made his proposal a pertinent option.

Governor Wike made this assertion when the Minister of State for Mines and Steel Development, Uchechukwu Ogah, paid him a courtesy call at the Government House, Port Harcourt.

Wike maintained that in order for the country to benefit from its vast mineral endowment, the federal government should concentrate on formulation of policies that will facilitate an improvement in the governance of the mining sector to improve social welfare of the citizens.

“The federal government is carrying so much load that they are not supposed to carry. Allow states to develop these minerals and pay royalty to the federal government. That is the way it’s supposed to be.”



He urged the minister to push for reforms that will enable states and local governments take charge of mining of solid minerals in their domain and then pay tax to the federal government.

“It is very important for people to know that part of the  problem in this  country is that everybody is depending on oil, when we are also supposed to look at other minerals. Minerals play a great role in terms of raising revenue for any country. So, our overemphasis on oil has reduced our impact on other minerals.”

He noted that if the country fully harness the gold deposit in Zamfara as well as other minerals in other states of the federation, the country will make a lot of revenue from these minerals  that can accelerate her development.

The governor lamented that despite the possibility of the Ajaokuta Steel Company project generating huge revenues for the country and creating not less than three thousand jobs, the federal government for political reasons, have failed to actualise the country’s aspiration to become a major player in the global steel industry.

He declared that the Rivers State Government is prepared to collaborate with the federal government to develop the mineral sector of the country. 

He then advised Abuja to shun playing politics with issues of economic development and strive entrench the ideals of good governance in the country.

Ogah however told the governor he was in the state to share with him the vision and policy focus of the Federal Government for the development of Nigeria’s solid mineral resources.

According to him, his visit was to solicit for the support and partnership of the government of Rivers in ensuring the orderly and efficient exploitation of huge deposits of silica sand, glass sand and clay which occur in the state for construction purposes and glass manufacture.

“In addition, permit me to also remind you of the abundant sea salt yet to be exploited in Rivers as a State bordering the Atlantic Ocean, which might also be an interesting area for collaborative development also.”

He commended the governor for the peerless successes his administration has recorded in matching actions with mission statement of actualising the aspirations  of the good people of Rivers State for a balanced development and enhanced quality of life for the present and future generations through responsive governance guided by the fear of God.

“Your administration has accomplished its mission as seen in the massive infrastructures, cultural integration, provision of essential social amenity and many other legacy projects for the prosperity of River State people and Nigerians living and doing businesses in the state.”

You Might Also Like

HDAN Hails Shehu Osidi @ 60: A Man of Vision

Umuahia Children’s Centre Cries Out for Government Support as Conditions Worsen

Senate to Host National Security Dialogue as Violence Escalates Nationwide

FG Begins Overhaul of NYSC, Proposes Specialized Teachers and Medical Corps

Naira Strengthens Slightly Against Dollar in Both Official and Parallel Markets

Join Our Whatsapp Group

Contact Image

Join Our WhatsApp Channel

Housing TV Africa is the First Housing News Television
in Africa on Startimes Channel 149 bringing you
Housing News, Mortgage News, Construction News etc

Fesadeb April 20, 2021 April 20, 2021
Share this Article
Facebook Twitter Email Print
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

© Africa Housing News. All Rights Reserved 2024

Welcome Back!

Sign in to your account

Lost your password?