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13% DERIV FUND TO BE MANAGE BY TRADITIONAL RULERS -ABE 1

Studio Praiz
Studio Praiz
13 Derivation Fund To Be Manage By Traditional Rulers Abe 1
13 Derivation Fund To Be Manage By Traditional Rulers -Abe 1

HRM Dr Emmanuel Ekemejewa Sideso (JP) OON, Abe 1, the Ovie of Uvwie Kingdom, the chairman of Traditional Rulers of Oil Mineral Producing Communities of Nigeria (TROMPCON), Delta State chapter has suggested that oil derivation funds should be managed by traditional rulers of oil producing communities.

Abe 1 suggestion was contained in his key note address during the meeting of traditional rulers of oil mineral producing communities in Delta State at his palace, GRA Effurun, Uvwie LGA recently.

According to him “it is my earnest suggestion that the management of the 13% derivation fund be received.

Instead of establishing agencies with huge administrative cost attention should be on community trust funds where the traditional rulers will be the supervisors of the funds”.

Abe 1 had earlier rebuked both the state and federal government interventionist agencies for their poor service delivery to the people.”

Abe 1 said it is an open truth that these commissions have failed to meet the yearnings of the people of Niger – Delta region.”  

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He therefore called for restructuring of Nigeria, advocating that, the federating units should allowed to own, control and manage their natural resources.

“It more worrisome where the ownership, control and management of oil resource are centralized, whereas other mineral resources in the Northern states are left for the various states to own, control and manage.

A case in point is the gold mineral found in Zamfara State.”

Abe 1 then declared that the people of the Niger Delta Region should be allowed to own, control and manage their oil resources such that they pay royalty and taxes to the federal government.

Urhobo Daily

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