Again, stalemate in National Conference over Nigeria’s revenue formula

Based on the disagreement on Thursday, the Confab was forced to adjourn about one hour ahead of its 3.30 p.m. closing time.

For the second consecutive day, there was a stalemate at the National Conference as delegates disagreed on the revenue derivation formula.

On Thursday, the Conference Chairman, Idris Kutigi, announced that he would meet with the 50-member Elders/Consensus Building Committee, as well as chairmen and vice chairmen of all the conference’s standing committees by 11 a.m. on Friday on the issue.

That means the chairman would meet with about 90 delegates to review the possibility of arriving at a consensus on the controversial derivation formula.

An earlier one proposed by the Elders committee on Wednesday was rejected by several delegates especially those from the southern part of the country.

The committee had proposed an increase in the derivation formula that would see oil producing states get 18 per cent of revenue from oil gotten from each state – up from 13 per cent -, 5 per cent of the revenue to develop mineral producing communities, and 5 per cent of Nigeria’s resource revenue for Northern states ravaged by the Boko Haram insurgency.

Based on the disagreement on Thursday, the Confab was forced to adjourn about one hour ahead of its 3.30 p.m. closing time.


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  • International Games

    Excuse me. Who is a “State” ? Why don’t we just allow the individual owner of any piece of land where oil or minerals are found to own it? We can tax the individual. How can we give the money to a state? Is a state a person? This is a false argument. The more you give to “states” the more corruption you give to local champions. Let individuals own the resources on their land. State and Federal Government can Tax 90% if they want.

    • Yusuf Ismaila

      I totally agree with you International Games.

  • akpos1

    So the South South Resources will be used to rehabilitate the destruction caused by the Northern sponsored & tacitly supported boko haram terrorists.

    The Southern delegates must be ineptly st–p-d. They (Southern delegates) need to be given 53 very hot & non refundable back hand slaps. 53 to signify the number of yrs of parasitic relationships of the North with the South and especially their dependence on the South South Resources.

    We, the SS people demand our own country cos the right to self determination is FUNDAMENTAL. This we will get. Very soon. Norway is less than the population of Delta state, not to talk of Rivers. So, the entire SS Republic has no business with Sharia & terrorist North who claim to be disadvantaged in everything except sharing other peoples resources & killing. Nonsense.

    Long live the South South Republic

  • Yakubu2012

    Some Northerners are born strategic agent of destruction and mischief. Adding no good value to the nation except mischief and destruction. Maitasine, sharia riot, kala Kato, book haram, religious riots, corruption, et al. Watch out for their next move.

    • Patrick Ebeleike

      They have no moves just full of it.

    • nija pikin

      Violence,mischief,empty head and cluelessness are not the monopoly of the north in fact the north was tutored by people like Odumegwu Ojukwu who single handedly took up arms against his country which more than 3 million lives were lost as a result of the civil war similar to what boko haram is doing now, Niger delta terrorists who killed and bomb innocent people and government installations, lastly the misrule of the present Nigerian’s president who few months ago broke the guiness book of record on corruption and stealing, who under his watch a whooping 20 billion dollars was stolen and can not be found, in petroleum ministry bros this is the mother of all jackasses

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