Agric Economy Politics

North controls majority of gold derivation revenue- Dagogo

Farah Dagogo, Federal lawmaker in the Federal House of Representatives, has condemned the government’s Presidential Artisanal Gold Mining Development Initiative

Dagogo, who represents Degema/Bonny constituency, said the initiative is a semantic focused on favouring one region of the country above another

He diclosed that the federal government had in many ways than one denied other regions of Nigeria the right to control their resources

Just last week, President Muhammadu Buhari presented locally mined gold bars made by the PAGMDI to the Central Bank of Nigeria (CBN).

Honourable Farah Dagogo said the Federation paid the sum of N268 million for 12.5kg of gold.

While a majority of gold deposit in Nigeria is found in the north, a larger percentage of crude oil and gas is found in the south.

However, in a statement signed by Ibrahim Lawal, the special adviser to Dagogoon media and publicity said by the structure of PAGMDI where gold are found, the scheme is 100% derivation revenue. He also said the oil and gas producing communities in the south, on the contrary, are getting just 13 per cent derivation revenue.

Dagogo said: “The whole PAGMDI scheme is a smokescreen for resource control. It is all semantics designed to deceive Nigerians but heavily skewed to favour a particular section of the country.”

He said the Nigerian government had at several times denied other regions of Nigeria the right to control their resources. Dagogo said he wondered why the north will be allowed to control its resources through the cover of PAGMDI.

“Now that the north is in control of its resources as established by PAGMDI, the south south and other regions with natural resources are entitled to control theirs too,” Dagogo said.

“The difference is very clear, what we have in the South is 13% derivation revenue, whereas, in the north with PAGMDI, it is 100% derivation revenue. What is sauce for the goose is sauce for the gander.” He added.

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