Oyo State Government, on Wednesday 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 made the request 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 to the state governor, Senator Abiola Ajimobi at the Executive Council Chamber of the Governor’s office in Ibadan.

The SSG remarked 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.

In his own remarks, 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.

Also 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.