Oyo targets solid minerals for IGR boost, says Makinde’s adviser | Fastest Delivery Of Magazine
Connect with us
//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js (adsbygoogle = window.adsbygoogle || []).push({});

Published

on

 

Oyo targets solid minerals for IGR boost, says Makinde’s adviser Seyi Makinde 6 e1560636284963 300x200

The Government of Oyo State is setting its eyes on the solid mineral sector as a major boost for its Internally Generated Revenue, the Special Adviser on Solid Minerals Development, Abiodun Ini, has said.
Oni, in a presentatiion at the just concluded Fourth Edition of the Nigeria Mining Week, said the State Government would heavily rely of solid minerals to finance the social interventions and welfare programmes of Governor Seyi Makinde.
Oni, in his presentation, themed: “Oyo State to the World: Bridging the gap between potentials and investments,” held at the NAF Conference Centre, Abuja, stated that Oyo State had billions in its grounds which were yet to be explored and exploited.
He maintained that the Governor Makinde administration was striving hard to put solid mineral development on the map because the government needed funds to drive the many social intervention projects being embarked upon by the state governor.
According to Oni, the Oyo State Government was targeting solid mineral development because it remained one of the quick wins for it to boost its internal revenue, adding that Governor Makinde was set to put money into the sector towards data gathering, digitization, availability and accessibility, which he said would make it easy to attract investors to the state.
He said: “We are striving a whole lot to make sure that mineral development is put on the map and where we can generate revenues. You would have noticed that the governor of Oyo State is into lots of social intervention projects and programmes, so we need money. So, we are thinking IGR, IGR, IGR. There is nowhere else to go to.
“One of the quick wins for us is mineral development and what I will like to focus on, which I have been advising our government on is to focus on the ASMs. It is a quick win and a low-hanging fruit if we are able to develop and partner with this arm of the sector. In Oyo State, the ASMs actually have actually about 80 per cent of the mining community.
“A major part of our budget is all about data, we all know and we have all spoken about data. We are committed to that in Oyo State. I told my governor that first things first, we can’t move forward if we don’t have data. We cannot brag about anything; we can’t tell anybody what we have in the ground is bankable. So, the first thing is that we are targeting in this administration is to gather the appropriate data.”
Speaking with journalists after the presentation, Oni added that the sooner Oyo State began to explore the resources in its grounds the better for the state, saying: “I think it is essential for people to know that, like I said, Oyo State has billions in the grounds that are not explored and exploited. So, the sooner the better for us. I met quite a number of guys who are from Oyo State but they are mining in Jos, Zamfara and other places and they are excited.
“So, we will see what we can get back home in a short while. I think it brings value to what we have in Oyo State and it will bring people to come and invest and that is ultimately what we are looking for. We have the drive and we have motivation and I know that the governor we have is going to put money where his mouth is. Like you have heard from the discussions, if you don’t put money in data gathering, it is a non-starter but that, first, is what I know we are going to do and the moment we start putting money in data gathering, data digitization, data availability and accessibility, it makes it easier to sell what we have in the grounds to investors.”
At the event, the Oyo State had an exhibition stand to showcase some of the mineral resources scattered across the state, including tin and tantalite, gemstones.
Earlier, while declaring the event open, the Minister of Mines and Steel Development, Olamilekan Adegbite, said: “The documented stock of minerals that could be found in Nigeria is sufficient to kick-start a boom in the mining industry in Nigeria, with the right investments and the right atmosphere.
“To address this, we intend to partner with a broad spectrum of stakeholders in the industry to deepen the reforms to foster a conducive ecosystem for private sector investment.”
The event brought together key players, policy makers and investors in the mining industry as well as finance experts from about 20 countries and the governors of Kebbi and Nasarawa States.

Loading...

Lawal Abdulsalam, Student of civil engineering, student from federal polytechnic Ede if you don't know Lawal Abdulsalam then perhaps you started blogging yesterday.He runs one of the most popular blogs on internet.

Advertisement //pagead2.googlesyndication.com/pagead/js/adsbygoogle.js (adsbygoogle = window.adsbygoogle || []).push({ google_ad_client: "pub-7404936528073869", enable_page_level_ads: true });
Click to comment

Leave a Reply

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

Business

Osun State Woos Investors

Published

on

By

Osun State Woos Investors 44076c9f adegboyega oyetola 696x522

Osun State Woos Investors

Osun State Woos Investors 44076c9f adegboyega oyetola 696x522 300x225

The Governor of Osun State, Mr. Adegboyega Oyetola, Thursday said his administration is committed to putting the state on the path of economic growth and prosperity.
This, he said informed the state’s economic and investment summit, with the theme: “Pathway to Economic Growth,” which holds between 19th and 21st of November, 2019.
Oyetola, said this during an interactive session with journalists in Lagos. According to him, his administration is focused on exposing Osun to the entire community of investors.
He urged potential investors in and out of the country to use the opportunity of the investment summit to understand the opportunities in the state.
“Unless you have the opportunity of knowing what goes on, you won’t know what is happening.
“Osun State has a lot of potential and it is a place to be in the area of agriculture. If you remember, in the past, our state was the leading producer of cocoa, which used to be the major revenue earner for even the Western Region and even Nigeria.
“So, we have quite a lot of opportunities for agriculture and we are blessed with abundant mineral resources,” he explained.
According Oyetola, there have been lots of illegal mining activities going on in the state. But, he pointed out that his administration was working out regulations to ensure that their activities are formalised and to enable government derived the expected revenue.
“What we are trying to do now is to regulate it and ensure that we provide the enabling environment to invest in mining. “In the state, there is also the ICT hub. Perhaps we have the largest number of tertiary institutions in Nigeria.
“The culture and tourism. We have quite a lot of other tourist attraction sites – the Olubirin waterfall and quite a lot of other sites available for investors,” he added.
He, pointed out that, “my attitude to business generally is that government has no business in business,” stressing the need for public-private partnership (PPP).
“So, we would create the enabling environment for people to come and invest. We have a very secured environment and our state is adjudged to be the most peaceful state in Nigeria.
“In addition to that, we have beefed up our security arrangement. We have just acquired additional 20 vehicles in collaboration with the South-west states, that would be launched any moment from now.
“In terms of the people, they are very hospitable and the Ease of Doing Business is high in the state. We are ready to sign-off certificate of occupancy within 90 days, from the time of processing to the completion date,” he added.
According to him, the hiccups that used to be witnessed in the past in terms of business and land registration, have all been removed.
“So, when you look at the totality of what we have, we have created a good environment for businesses to thrive. We are conscious of the fact that in line with our state development plan, which is based on four pillars, namely – economic development, infrastructure development, human capital development and security and sustainable environment.
“All our programmes have been designed to address all these areas. But in doing so, we have a lot of opportunities for investment,” he added.

Loading...
Continue Reading

Business

Why Nigerians must ‘patronize made-in-Nigeria’ products – Buhari

Published

on

By

Why Nigerians must ‘patronize made-in-Nigeria’ products – Buhari Why Nigerians must ‘patronize made-in-Nigeria’ products – Buhari 20191008 173707

President Muhammadu Buhari has called on Nigerians and the private sector to patronise Made-in-Nigeria products.

Buhari said patronizing made-in-Nigeria products was the only way the country can sustain its drive towards achieving industrialisation.

The President, who was represented by the Minister of State for Industry, Trade and Investment, Ambassador Maryam Katagum, said this yesterday at the opening ceremony of this year’s Lagos International Trade Fair in Lagos.

He stated that promoting locally made products was the only leeway out of the country’s present economic doldrums.

Buhari said: “I want to reiterate my call to Nigerians to patronise Made-in-Nigeria products and services.

“We must accept our new reality of promoting locally made products as it is evident that this is where our new Nigeria would be realised and that is why I have constantly emphasised that we must be a nation where we grow what we eat and consume what we produce.”

He added that his administration’s economic agenda was to pursue vigorously the diversification of the country’s economy from mono-product to non – oil sector.

Loading...
Continue Reading
Advertisement
Advertisement

Inspirational Tips

Advertisement
Loading...

Trending

WhatsApp Join Our WhatsApp Chat
%d bloggers like this: