Niger Delta Govs See 13% Derivation As Free Money, Rep Dagogo Says - Vanguard News

…Says $10trillion of Funds Wasted on Frivolities In 8yearsA member of the House of Representatives, Rep. Dagogo Farah, has accused governors of the Niger Delta of prodigal expenditure of the thirteen percent derivation allocated to them from oil sales.Captain Hosa Rising

“Between 2000 and 2018, over N10trillion from the 13 per cent derivation principle, have been shared to the Niger Delta Governors, on behalf of the oil producing communities, yet the deplorable living conditions of the people from these oil-producing communities have remained nauseating and deplorable with the people battling and still reeking with the worst and highest form of poverty.

He further explained that “For instance, oil producing communities, through their state governors, received N602.37 billion as their 13 percent derivation fund from the Federal Government between January 2017 and April 2018. Imagine the positive effects a whopping N602. 37billion would have on the lives of the people and its communities if a fraction of these monies were channelled towards the development of these communities?”.

“Why are the IOCs allowed to do their costing in dollars with appaling disregard for the currency of the country they operate in especially when the 13 percent are derived through them ?How could the people from these communities be left in such sorry state and the Federal Government is not doing anything about it, especially as the Governors, who receive these fund on behalf of them, have been indifferent to their plight and have established a line that they would rather fill their pockets...

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