National Conference ends, fails to agree on derivation formula

Confab reconvenes August 4 to consider draft report.

The National Conference concluded plenary sitting on Monday, but failed to resolve the disagreement over derivation formula after about five hours of meeting between the leadership of the Conference and the 50 “wise men,” the chairmen and deputy chairmen of the 20 Standing Committees.

It voted to recommend that the Federal Government should set up a technical committee to advise it (government) on the issue. The Conference Chairman, Idris Kutigi, announced the resolutions of the wise men when they returned to the chamber.

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