You erred on the 13% mining derivation, the APC mocks Gov. Adeleke

The All Progressives Congress (APC) branch in Osun State has made fun of the state’s governor, Senator Ademola Adeleke, for demonstrating a lack of knowledge of statecraft and government.

In a statement released on Monday in response to what it called the governor’s broadcast on the mining industry, the party said Governor Adeleke’s claims that the state governments in the previous 25 years had either mismanaged mining returns or had failed to recover derivation due to the state were riddled with ignorance. The statement was released by the party’s acting state chairman, Sooko Lawal.

According to Lawal, “The claims made by Governor Ademola Adeleke today, during the inauguration of the Revenue Committee and Solid Minerals Committee set up by his government, are ones made out of ignorance and mischief designed to embarrass previous governors of the state.”

He added that, “It is worrisome that a state government which should have access to quality expert advice from the relevant Ministries, Departments and Agencies would issue an official statement to advertise its administrative unawareness and unseriousness about 13% derivation on mining.

“Contrary to Governor Adeleke’s claim that Segilola Company and other operating companies in the state are expected to pay Osun State 13 per cent derivation on the value of gold and other minerals resources produced in the last 25 years in the state, the correct information is that miners don’t pay derivation to state.

“The miners pay royalty, ranging from three per cent to five per cent of every ounce of gold or solid minerals extracted in the state, to the Federal Government because mining is under the Exclusive List or authority of the Federal Government”, Lawal stated.