The Edo State branch of the Oil and Gas Host Communities of Nigeria has charged President Muhammadu Buhari to the replicate recent fiscal freedom granted judiciary the legislature at the states’ level for the oil producing communities.
reminded President Buhari that the provision for the Derivation Fund was actually done to take care of the peculiar economic and ecological side effects of oil and gas operations on the communities.HOSCON went further to advise the President that obeying the Constitution in that regard would not be difficult, suggesting that he reached to the people for whom the constitutional provision was made by working through the Presidential Derivation Committee and State Implementation Committees .
“Section162 of the 1999 constitution as amended ‘Provided the principle of derivation shall be constantly reflected in any approved formula as not being less than 13% of the Revenue accruing to the Federation Account directly from any natural resources’.
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