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abujagirl
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The heated debate in the Devolution Committee continued Wednesday, at the National Conference with indications that President Goodluck Jonathan may be forced to negotiate his second term in office in exchange for 100 percent control of oil resources by the South-south zone.
Arguing in favour of the retention of the 13 per cent derivation formula, a member in the Devolution Committee from Benue State, Senator Jack Tilly Gyado said Nigeria could not afford to give 100 per cent resource control to the South-south zone because it already has the presidency of the country.
This is just as three delegates from the South-west on the Devolution Committee openly disagreed over the South-south controlling revenue from oil resources, with Senator Anthony Adefuye from Lagos State canvassing a new revenue sharing formula of 47 per cent to the states and 40 per cent to the federal government.
Click source for more details: This Day
Arguing in favour of the retention of the 13 per cent derivation formula, a member in the Devolution Committee from Benue State, Senator Jack Tilly Gyado said Nigeria could not afford to give 100 per cent resource control to the South-south zone because it already has the presidency of the country.
This is just as three delegates from the South-west on the Devolution Committee openly disagreed over the South-south controlling revenue from oil resources, with Senator Anthony Adefuye from Lagos State canvassing a new revenue sharing formula of 47 per cent to the states and 40 per cent to the federal government.
Click source for more details: This Day
