As part of the drive to harness the vast revenue potentials in the Solid minerals and mining sector of the economy.
The Revenue Mobilizations Allocation And Fiscal Commission has embarked on national wide monitoring Exercises on Revenue Collection from The Nigerian Mining sector. To this end the commission yesterday held an interactive Dialogue meeting with stakeholders in the Mine sector Kogi State and officials State government.
The strategic meeting which Commence at Kogi State Government House in lokoja yesterday Monday 5th of September 2022 was flagged off by the Deputy Governor of the state who represents the Governor,Yahaya Bello.
The Leader of the team to Kogi State and representative of the Chairman of the commission Hon Abdullazeez Idris King in his opening speech at the event said that the meeting is in line with the phase two of the nationwide monitoring of revenue collections and the activities of miners at the state and local government councils.
Hon Idris King who’s a Federal commissioner from the Commission noted that pursuant of the mandate of the revenue mobilizations Allocation And Fiscal Commission, they had earlier in 2016 conducted a nation wide exercise in collaboration with the Ministry of mine and Steel Development along with other key stakeholders to access the challenges hindering optimum revenue collection from the sector.
And as a follow up on the 2016 exercise the commission is again conducting another exercise to Dialogue with stakeholders on the finding of the 2016 exercise with the bid to come up with recommendations and solutions to the observed challenges.
Hon Idris King noted that the ongoing exercise is to enable the commission to follow up, verify and reconcile, revenue collections in the mining sector.
He disclosed that the second phase of the meeting with strategic stakeholders currently going on in Kogi State is aimed at robust dialogue on the findings made in the first phase of the nation wide exercise to develop on the Nationwide Monitoring Exercise on Royalty Collections and Activities of Miners in the Solid Minerals Sector- phase Two
The Federal commissioner also stated that the meeting would culminate in the visitation to selected mining companies head office to verify and reconcile the established liabilities in respect of royalty and annual surface fees and any other as reported by NEITI. As well as to obtain if any Demands Notice issued by the FMO/MCO along with evidence of payment in respect of the aforementioned revenue elements.
