Ignorance And Mischief: APC Mocks Gov. Adeleke Over 13% Derivation Fund Claim

The Osun State chapter of the All Progressives Congress (APC) says Governor Ademola Adeleke goofed on his claim about an expected 13% derivation fund.

The APC in a statement on Monday by its Acting State Chairman, Sooko Lawal said Adeleke displayed ignorance and mischief with his submission.

Naija News understands the APC statement is a reaction to a submission by the state governor in which he claimed previous administrations in Osun State have either mismanaged returns on mining or have failed to recover derivation due to the state.

However, APC said the Governor just displayed ignorance in issues of statesmanship and governance with his submission.

It added that companies involved in mining in the state don’t pay any derivation to the state government adding that miners pay royalty, ranging from three percent to five percent of every ounce of gold or solid minerals extracted in the state, to the Federal Government because mining is under the Exclusive List.

Lawal said Governor Adeleke should have sought expert advice before making a public statement.

He said: “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.

“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 percent 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 percent to five percent 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.”