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Home Latest Gov Masari inaugurates governing board of Katsina Exploration, Mining company
Gov Masari inaugurates governing board of Katsina Exploration, Mining company

Gov Masari inaugurates governing board of Katsina Exploration, Mining company

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Gov Masari inaugurates governing board of Katsina Exploration, Mining company

Governor Aminu Bello Masari has inaugurated the governing board of the Katsina State Exploration and Mining company Limited in Katsina.

The Chairman of Continental Foundation Alhaji Salisu Mamman is to serve as the Chairman of the Board.
Members of the board include Alhaji Abba Yusuf, Managing Director of Katsina state Investment and Property Development Company, Alhaji Abdulkadir Aliyu Faskari, Chairman of Katsina state Miners Association Alhaji Kabir Musa Kaita while the Acting Managing Director of the Company, Geologist Yahaya Iro Dansani is to serve as Secretary of the Board.

In his inaugural speech, Governor Aminu Bello Masari stated that the present APC administration has as it’s cardinal objective, the diversification of the revenue base of the State through the reinvigoration of the mining industry.

Apart from revenue, the Governor explained, the company was created to increase jobs opportunities for the teeming youths in the state.

Alhaji Aminu Bello Masari added that the solid minerals sector has a key role to play in the development of the economy and improvement of the state internally generated revenue, especially in times of economic crisis as a result of fall in the prices of crude oil caused by global pandemic of Covid-19.

He revealed that the purpose of establishing the state owned company is to promote the exploration and utilisation of available mineral resources in the state.

Alhaji Aminu Masari further explained, that the company in synergy with relevant federal government agencies had the responsibility of regulating the development of natural resources.

He said that the state government requires every prospective resource developer to obtain relevant approvals for exploration of desired mineral resource which would be consistently monitored to ensure that guidelines are properly adhered to.

The Governor explained that the current contribution of the mining sector to the nation’s earnings are insignificant to make an impact but it has become imperative to develop and monitor the sector to stop over dependence on oil.

Consequently, Alhaji Aminu Masari explained that the state government has made the development of the minerals sector one of its priority, adding that Katsina state had been blessed with over 37 types of mineral resources across the 34 local governments in the state.

These minerals, he said include Gold, Manganese, Kaolin, Asbestos, Iron Ore, Copper and Emerald among others.

With the newly constituted board , Governor Aminu Masari explained, the government is expecting the sector to give an impetus in improving internally generated revenue of the state government.

He therefore charged the chairman and Board Members to take full responsibility as outlined in the memorandum and article of Association of KEMCO.

He assured that the state government would cooperate with the new board in the discharge of its responsibility for the benefit of people of Katsina state.

The Governor used the occasion to lament the decimal performance of Internally generated revenue in the state, saying Katsina state had been ranked as the lowest in that regard.

This he said was because government had not put structures for a very long time that would generate revenue in the state.

Governor Aminu Masari lamented that even the use of consultants had not helped the situation, adding that the revenue is still dependent on PAYEE .

He also was not happy that the revenue depended on federation account, PAYEE and payment by contractors.
He said that the state government had initiated a green zone to create an economic zone where processing of medium and small scale industries will take place, especially for export as Katsina borders Niger Republic and other West African countries.

Responding, the Chairman of the inaugurated board, Alhaji Salisu Mamman Kadandani convey the acceptance of members of the board to serve and assured that the members would exhibit commitment to move the fortunes of the mining sector to greatest height in all matrix of industrial performance.

Alhaji Salisu Mamman requested the Governor to serve as the grand promoter and marketer of solid minerals because of its strategic importance in moving the economy.

He expressed gratitude to Governor Masari for finding them worthy to serve on the board of the company.

Hassan Muhammad Tukur

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