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Friday, October 16, 2020

Federal Govt Fight Dirty With Zamfara State Over Who Owns Gold Deposits In Zamfara


 Olamilekan Adegbite, minister of mines and steel development, who issued the warning on Friday, said mineral products remain exclusively that of the federal government.

Zamfara government on Tuesday said it started its gold reserve to reduce dependence on federal allocations.

Rabiu Garba, the state commissioner for finance, told journalists that, though, there was a federal government ban on mining activities in the country, “the state government was able to purchase the commodity from licensed miners”.
“At the moment, we have a pure gold reserve of over 30 kilos and as time goes by, we will continue to invest in this regard so that, like other states and other nations, we will be having our mineral reserves and ours will be in gold,” Garba said.

“When the ban is lifted and mining activities resume fully, we are hopeful that we will be receiving royalties from miners while the federal government will also be giving us something.”

Joseph Onu Silas, a lawyer, had accused the Central Bank of Nigeria (CBN) of trading in gold with the state government, seeking the cancellation of the purchase of gold worth N5 billion from Zamfara by the apex bank.
But while briefing the press on the forthcoming 5th Nigerian mining week, Adegbite said what the state government is doing is right but the portrayal to the public is wrong.

GUYS, WHAT DO YOU THINK?

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Prince Nadison

The gold should be handle by the federal government just like the way the FGN is managing the oil and resources from other states. Not the best anyway, The narrative need to change, let every states manage and develop their states with whatever resources they have.
1

Endy Edeson

Prince Nadison Well, it is enshrined in the Constitution for FG to manage State resources except if the constitution is amended

Okorie Peter

What is CBN doing with gold anyway?

Aligba Jerry T

Hope Niger Delta will Claim back the Oil to the State.

Nwanonenyi S. Arinzechukwu

Just negodi. So FG is now fighting with a state over resource control but when it comes to oil FG will use force

Oyaramisa Oyaramisa

Constitution is clear on the above

Adaeze Okakpu Nwabue

Just imagine letter they will say one Nigeria.

Victor Divine

Then niger delta should get back her oil
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