FAAC Shares N954.085 Billion July 2022 Revenue To FG, States And LGCs
The Federation Account Allocation Committee (FAAC) has shared a total sum of N954.085 billion July 2022 Federation Account Revenue toRead more
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- In a bid to harness the state’s natural resources and promote economic growth, the Bauchi State Government has introduced new policies aimed at making the state an international mineral trading destination. According to Commissioner for Natural Resources, Muhammad Maiwada Bello, the policy seeks to curb the illegal movement of minerals, enhance marketing, generate revenue, and create employment opportunities. Speaking at a press briefing organized by the Ministry of Information and Communication at the Abubakar Umar Secretariat, Bello revealed that the state government, through the Ministry of Natural Resources, has empowered the Bauchi Mining Synergy & Exploration Limited (BAMSEL) to partner with local producers, purchase their products, and liaise with major marketers for international export. The Commissioner stated that the initiative is in line with the administration’s trust policy to promote economic growth and development in the state. He highlighted the Ministry’s achievements, including the advancement of plans to build an Oil and Gas free trade zone along Kolmani Road in Alkaleri Local Government Area. Additionally, the State Executive Council has approved the transfer of revenue heads relevant to the Ministry, including haulage fees, registration of mineral businesses, and surface rent. Other notable achievements recorded by the Ministry, according to the Commissioner, include: – Partnership with Minsheng Group of Shandong Province, China to establish a Tin/Columbite factory in Toro LGA worth over $50 million – Partnership with Resident Cement Company to establish a 10m ton Cement plant in Gwana, Alkaleri LGA worth over $500m USD – Establishment of Bauchi Oil & Gas Academy, Alkaleri – Recruitment of over 73 senior and junior staff – Consent letter policy and many more The Commissioner commended the efforts of Governor Bala Abdulkadir Muhammed for his developmental projects across the state and appreciated the Ministry of Information and Communication and the Press for organizing the briefing, describing it as a welcome development in leadership transparency.
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