The Oyo State Government has urged the Federal Government to commence the payment of 13% derivation from royalties, taxes and levies from solid minerals to the State and Local Governments.
The State Government said this through the Secretary to the State Government, Mr. Olalekan Alli during a courtesy call of the Revenue Mobilization Allocation and Fiscal Commission team on nationwide monitoring exercise, on royalty collections and activities of miners at the State and Local Governments.
Mr. Alli said that the state was due for the derivation, stressing that the derivation funds would be committed to developmental projects in the state
He appealed to miners in the state to start the payment of their land use charge, taxes and other levies to the covers of the state government.
Meabwhile, the South West Coordinator of the exercise, Mr. Uche Nwagbara noted that the Federal Government gave several benefits to the mining sector such as tax waivers to a newly established industry, duty free on importation of machinery among others to boost the activities of the industry.
Speaking at the event, the Special Adviser to the Governor on Solid Minerals, Mr. Mathew Oyedokun pledged that Oyo State Government would collaborate with RMAFC in its activities, reiterating that the state would create an enabling environment for generating wealth from mineral resources and also to transform the mineral sector into an irresistible mining destination for local and global market.
