A Review of the Nigerian Energy Industry

Confab delegates tasked on 25% derivation

National conference delegates in Abuja18 July 2014, PORT HAR-COURT — DELEGATES to the national conference have been told to approach the issue of derivation fund with national interest in focus.

Speaking against the backdrop of the stalemate at the confab over the issue, Chief Anabs Igbe, said it was regrettable that some Nigerians had failed to see the need to encourage policies that would promote development in the Niger Delta region.

The former security adviser to former Governor Peter Odili advised that 25 per cent derivation fund should be granted to the region, adding that from it, 15 per cent should go to oil bearing communities in the region who bear the burden of oil spill and environmental pollution from oil exploration.
*Jimitota Onoyume – Vanguard

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