PANDEF@10: Leaders push for 50% derivation

PANDEF@10: Leaders push for 50% derivation.

PANDEF@10: Leaders push for 50% derivation PANDEF also wants accelerated completion of the Lagos–Calabar Coastal Highway and urgent environmental remediation across the Niger Delta.

The post PANDEF@10: Leaders push for 50% derivation appeared first on Vanguard News .

By Henry Umoru ABUJA—THE Pan Niger Delta Forum, PANDEF, the apex socio-political body of the South-South geopolitical zone has called for a total overhaul of the region, demand an increase in the derivation allocation to oil-producing states from the current minimum of 13 percent to 50 percent.

It also wants accelerated completion of the Lagos–Calabar Coastal Highway and urgent environmental remediation across the Niger Delta. PANDEF urged the Federal Government, the Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC, and the National Assembly to initiate measures to raise the allocation to at least 50 percent, just as it argued that the minimum 13 percent derivation allocation had remained unchanged for more than two decades, despite the environmental damage and economic difficulties facing oil-producing communities. Addressing newsmen in Abuja, yesterday, after a meeting of the organisation’s Board of Trustees and National Executive Committee, virtually to mark the 10 years of existence of the organisation, PANDEF National Chairman, Amb. Godknows Igali, said: “The minimum 13 percent derivation allocation had remained unchanged for more than two decades, despite the environmental damage and economic difficulties facing oil-producing communities.

MSEApp News is publishing an original rewrite of this tip for readers, based on reporting associated with Vanguard.