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Solid Minerals Producing States To Enjoy 13% Derivation - Politics - Nairaland

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Solid Minerals Producing States To Enjoy 13% Derivation by teeebugs: 6:56pm On Nov 07, 2014
Due to their contribution to the Federation Account, solid minerals producing states like oil producing states of Niger Delta will now begin to enjoy 13 per cent derivation from the federation revenues. Chairman of the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), Elias Mbam, made the disclosure when he received members of the House of Representatives Committee on Finance, who paid an oversight visit to the commission’s headquarters in Abuja on Thursday.

Mbam said the commission’s close working relationship with the Ministry of Mines and Steel Development yielded the result with the mining sector for the first time now contributing to the Federation Account. He added that a sharing template was being worked out in favour of the concern states.

The states are but not limited to Benue, Bauchi, Sokoto, Niger, Plateau, Nasarawa, Ogun, Taraba, Kaduna, Kwara, Enugu, Zamfara, Kogi, Gombe, Osun, Federal Capital Territory (FCT) Abuja, among others.

“The result of the collaboration is that the solid minerals sector is now contributing to the Federation Account for the first time.

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http://monitor9ja.com/2014/11/solid-minerals-producing-states-enjoy-13-derivation/
Re: Solid Minerals Producing States To Enjoy 13% Derivation by ahmed486: 6:56pm On Nov 07, 2014
Re: Solid Minerals Producing States To Enjoy 13% Derivation by LordMecuzy(m): 6:57pm On Nov 07, 2014
Yes na wats good for the Oil state is also Cool for The Solid Mineral States
Re: Solid Minerals Producing States To Enjoy 13% Derivation by mrvitalis(m): 7:15pm On Nov 07, 2014
see the truth in this country is this the north has more resources than the south dey are just lazy ......let every state control there own resources believe me the south will be no were near the north

..
pls am an igbo man ...before u say ....

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