January 31, 2023 8:55 pm

Ceramic and its products are gold mine today’s world, Akomas reveals



The Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC Chairman, Indices and Disbursement Committee, His Excellency, Dr. Chris Akomas has said that every state in the country has one form of mineral resource or the other that can be used to generate revenue and the Commission is focused in the development of the mining and

solid minerals sector as part of efforts to boost Nigeria’s revenue generation.

Akomas who also disclosed that any state that generated revenue through solid mineral got 13 per cent of the money generated, said that Abia has the rich solid mineral deposit which if adequately harnessed, can boost the Internally Generated Revenue without depending on monthly Federal Allocation.

Speaking in Umuahia, during a two day strategic stakeholders meeting (Nationwide monitoring exercise) On Revenue collection and the activities of miners in the solid mineral sector in Abia State and Local Government Areas, Akomas said, “Abia State is endowed with mineral resources located in various areas of the State which are yet to be fully exploited.

“These minerals – limestone, lead, kaolin, laterite among others, if properly harnessed will boost the revenue inflow into the Federation account which will as well benefit the State through the 13 percent derivation and positively help in ensuring that industries in the State that needs raw materials from these solid minerals will operate meaningfully”.

He asserted that ceramic and its products are gold mine in today’s world, adding that any ceramic industry which operates with the purpose of processing ceramics raw materials to finished products, will successfully tap into the lucrative market.

He said the commission was highly committed to the President Muhammadu Buhari’s socioeconomic development agenda and also his agenda of taking 100 million Nigerians out of poverty.

Also speaking, the Commissioner for Finance in the State, Dr Aham Uko, urged the Commission is ensure they attract more ecological funds to solve environmental degradation in the state.

A cross section of Participants

On his part, a retired Director at the office of the Accountant General of the Federation, Tom Nteyoho, who spoke on the topic; The Nigerian Solid Mineral Sector: Operators and Remittance of Appropriate Revenue for Economic Development in Abia, harped on the need for the sector to grow so as to reduce poverty.

Nteyoho, also hinted that NEITI’s audit report shows that the amount received for 2015 through 2021 by the state government’s share of revenue indicated that the revenue did not reflect the true position of mining activities in the states and local governments.

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