PANDEF demands 50% of crude oil revenue for Nigeria’s oil-producing states from FAAC

The Pan Niger Delta Forum, PANDEF, has demanded an summation successful the derivation allocation to oil-producing states successful Nigeria from the existent 13 per cent to 50 per cent of gross distributed by the Federation Account Allocation Committee, FAAC.

Godknows Igali, PANDEF’s nationalist president and a erstwhile Nigerian ambassador to Sweden, Denmark and Norway, disclosed this successful a connection connected Tuesday pursuing a gathering successful Abuja.

The salient Niger Delta radical besides called for the abolition of the onshore-offshore dichotomy successful gross allocation.

According to PANDEF, the 13 per cent derivation rule was enshrined successful the 1999 Constitution pursuing years of agitation by oil-producing states for a greater stock of gross from earthy resources.

The radical said the request had go indispensable to code longstanding developmental challenges successful the oil-rich Niger Delta region.

“PANDEF truthful calls for an summation successful the derivation allocation from the existent minimum of 13 per cent to a minimum of 50 per cent, to alteration oil-producing communities and states to code the longstanding developmental deficits, biology damage, wellness hazards and societal and economical consequences of lipid and state exploration and production,” PANDEF stated.

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