Gov. Masari Inaugurates KEMCO Board, required compliance To Sector Rules

    0
    357

    board for the state-owned Exploration and Mining Company (KEMCO) under the Chairmanship of Alhaji Salisu Mamman Kadandani.

    Masari in his inaugural address at the Government House Katsina on Wednesday, charged the board to ensure the proper adherence to the guidelines in the sector.

    The Governor who explained that the present APC administration has as it’s cardinal objective the welfare and security of the citizenry, added that, the board was created to promote Jobs opportunities for the teeming youths in the state.

    In this regard, he said the solid minerals sector has a key role to play in the development of the economy and improvement of the state internally generated revenue, especially in times of economic crisis as a result of fall in the prices of crude oil caused by global health pandemic of Covid-19.

    Masari revealed that the purpose of establishing the state owned company is to promote the exploration and utilisation of available mineral resources in the state.

    He explained that the company in synergy with relavant federal government agencies had the responsibility of regulating the development of natural resources.

    He therefore maintained that, the state government requires every prospective resource developer to obtain relevant approvals for exploration of the desired mineral resource , which would be consistently monitored to ensure that guidelines are properly adhered to in the sector.

    The Governor explained that the contribution of the mining sector to the nation’s earnings are insignificant to make an impact but it has become imperative to develop and monitor the sector to stop over dependence on oil alone.

    Consequently, Masari explained that the state government has made the development of the minerals sector one of its priority, adding that Katsina state had been blessed with over 37 types of mineral resources across the 34 local governments in the state.

    These minerals, he said include Gold, Manganese, Kaolin, asbestos, iron ore, copper and emerald among others.

    With the newly constituted board, the Governor stressed that, government is expecting the sector would assist in improving the internally generated revenue of the state.

    He therefore charged the chairman and Board Members to take full responsibility as outlined in the memorandum and article of Association of KEMCO, assuring of
    government cooperation with the new board in the discharge of its responsibility for the benefit of people of Katsina state.CHECK THIS OUT

    The Governor also used the occasion to lament the decimal performance of the Internally generated revenue in the state, saying Katsina state had been ranked as the lowest in that regard.

    This he said was because government had not put structures for a very long time that would generate revenue in the state, adding that, even the use of consultants had not helped the situation, as the revenue is still dependent on PAYEE.

    Responding, the chairman of the inaugurated board, Alhaji Salisu Mamman Kadandani convey the acceptance of members of the board to serve and assured that the members would exhibit commitment to move the fortunes of the mining sector to greater height in all matrix of industrial performance.Loading…

    Kadandani requested the Governor to serve as the grand marketer of solid minerals because of its strategic importance to moving the economy and expressed gratitude for finding them worthy to serve as a pioneer board of the company.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here