IMO GOVERNMENT TO EMBRACE MINING TO INCREASE REVENUE

 
OFFICE OF THE DEPUTY GOVERNOR OF IMO STATE
PRESS RELEASE
… BEMOANS THE EXTANT LAWS THAT CEDES MINING TO EXCLUSIVE RESERVE
Imo Government has revealed its intention to increase revenue from mining and agriculture, saying that it is part of its diversification effort towards resolving the present economic downturn occasioned by fall in crude price.
The Deputy Governor of Imo State, Prince Eze Madumere made this remark yesterday while receiving in audience the representatives of Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) and Ministry of Mines and Steel Development led by Dr. Casmir Anyanwu and Mr. Emmanuel Teri Vahyala respectively when they jointly paid him a courtesy call in his office in Imo State Government House, Owerri, Imo State.
Prince Madumere said; “It has become increasingly clear to every Nigerian that we must must other sources of revenue to bridge the increasing gap being created by the dwindling of oil revenue, which he attributed to fall in demand because of other sources of energy.”
While describing his visitors’ presence as timely, Prince Madumere identified some solid minerals such as lignite, coal, bentonite, bentonictic clay, marcasite (sulphur), kaolin, silica sand, limestone, laterite, clay and river sand, which he said are sparsely spread across eleven local government areas of Imo State and are found commercial quantity.
He however bemoaned the existence of an extant law that ceded mining to the exclusive list, which he said breeds a lot of disharmony in the developing industry describing it anachronistic. He therefore, called on the Federal Government to look into  it since it is retrogressive.
He assured the guests that Imo State Government will fully get involved to ensure that the interests of the communities, the local government, the State and other stakeholders are protected including adoption of international best practices so as to preserve the land for other future uses.
Speaking earlier on the reason for their joint visit, the Federal Commissioner of Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), Mr. Casmir Anyanwu said they were in Imo State to seek ways to liaise  with the State government to resolve existing disconnect among the stakeholders in the industry. He therefore suggested a committee where Local Government, State and Federal representatives would be members so as to resolve the challenges and erase suspicion among the stakeholders.
He also emphasised the need to embrace mining as another veritable source of revenue since oil price has consistently remained low, which he attributed to a shift caused by search for cleaner alternative sources of energy  other than crude oil. He therefore urged States to embrace the trend so as to make up for the losses being made from the dwindling oil revenue.
Prince Madumere while hosting the guests of Imo State Government was accompanied by the Commissioners  of Finance, Agriculture and Local Government and Rural development  who are Hon. Obinna Mbata, Hon. Udo Agoha and Hon. Emma Ibediro respectively.
Uche Onwuchekwa
Special Assistant to the Deputy Governor on Media
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 L-R: Hon. Udo Agoha, Commissioner for Agriculture, Hon. Henrietta Jacobs, Adviser to the Governor on IGR, Hon. Obinna Mbata, Commissioner for Finance, Mr. Emmanuel Teri Vahyala, Federal Commissioner, RMAFC, His Excellency, Prince Eze Madumere, the Deputy Governor of Imo State, Dr. Casmir Anyanwu, Federal Commissioner, RMAFC, and Hon. Emma Ibediro, Commissioner for Local Government and Rural Development shortly after a meeting with RMAFC and delegation from the Ministry of Mines and Steel Development shortly after a meeting in the Office of the Deputy Governor of Imo State yesterday…
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L-R: Hon. Udo Agoha, Commissioner for Agriculture, Hon. Obinna Mbata, Commissioner for Finance, Mr. Emmanuel Teri Vahyala, Federal Commissioner, RMAFC, Mrs. Eze-Okoli Edith, Assistant Director representing the Hon. Minister of Mines and Steel Development, His Excellency, Prince Eze Madumere, the Deputy Governor of Imo State, Dr. Casmir Anyanwu, Federal Commissioner, RMAFC, Hon. Mrs. Henrietta Jacobs, Adviser to the Governor on IGR and Hon. Emma Ibediro, Commissioner for Local Government and Rural Development shortly after a meeting with RMAFC and delegation from the Ministry of Mines and Steel Development shortly after a meeting in the Office of the Deputy Governor of Imo State yesterday…

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