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Deputy gov seeks review of law on mining

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 oil price.
The Deputy Governor of Imo State, Prince Eze Madumere, made this remark while receiving 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 that it had become increasingly clear to every Nigerian that we must look for other sources of revenue.
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, he said, are found in commercial quantities across eleven local government areas of Imo State.
He, however, bemoaned the existence of a law that ceded mining to the exclusive list, which, he said, breeds disharmony in the industry, describing it as anachronistic. He, therefore, called on the Federal Government to look into it.
He assured the guests that the 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, the Federal Commissioner of 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.

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