Friday, 23 March 2012

13 Per Cent Derivation Funds

government to ensure that 13% derivation fund is paid to all states producing mineral resources and not on oil alone.
Senator Enang made the appeal against the backdrop of the call by Northern elite for the abolition of 13% being paid to oil producing states in the Niger Delta for oil productions.
The lawmaker spoke while playing host to Law students from Akwa Ibom state who paid him a courtesy call in Abuja.
He said that the constitution did not stipulate that derivation funds be paid to oil producing states alone but any state that produces mineral resources for the benefit of the entire Nigeria.
Senator Ita Enang however appealed to the federal government to commence exploration of different mineral resources domicile in different states for even development of all states in the country.

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