Nigeria’s minister of Mines and Steel Development, Arc. Olamilekan Adegbite, has stated that State governments cannot control mineral deposits in their states.
Adegbite stated this in a meeting with with Commisioners for Justice and Mineral Resources from the North-Central Zone of Nigeria.
Adegbite also pointed out that since revenue from oil is used for the development of the entire country, it is also right if revenues accruing from other mineral resources(from other zones) are used for the development of the entire nation; noting that such revenues are paid into a consolidate fund, from where if it shared monthly.
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