
13% Derivation Too Little For Oil Producing States – Obaseki
Edo State Governor, Mr. Godwin Obaseki, on Tuesday, intensified the call for upward review of the 13 percent derivation formula, saying it had remained inadequate for the development of the South-South.
Obaseki made the call while speaking with newsmen after inaugurating Effurun-Otor-Ovwor-Olomu bridge and the rehabilitated 34-km Otu-Jeremi-Okwagbe Road in Ughelli South Local Government Area of Delta, executed by Governor Ifeanyi Okowa which he was invited to commission.
He said that the peculiarity of the environment in the South-South had made it quite expensive to develop infrastructure, especially roads, in the area.
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