Showing posts with label 13% Oil Derivation. Show all posts
Showing posts with label 13% Oil Derivation. Show all posts

Tuesday, 19 May 2015

ABSURD!!! Oil-barren North-East Nigeria demands for 13% derivation from Buhari

ABSURD!!! OIl-barren North-East Nigeria demands for 13% derivation from Buhari
Currently sans oil resource North East Nigeria has demanded for 13% oil derivation funds from Muhammadu Buhari. 13% oil derivation was meant to cushion the environmental and health impacts of oil exploitation on the oil producing states in Nigeria. However, the Borno State governor, Kassim Ibrahim, yesterday asked to the president-elect, General Muhammadu Buhari (rtd), to allocate 13% of petroleum revenue to the North East region which according to him has been ravaged by insurgency when he assumes office.