The House of Representatives will on resumption from the Easter recess, commence debate on the general principle of a bill which seeks to increase 13 per cent derivation fund to 20 per cent.

The private member bill was sponsored by Hon Kingsley Chima.

According to the ‘Explanatory Memorandum’, the proposed bill “seeks to alter Section 162(2) of the Constitution of the Federal Republic of Nigeria, 1999 as amended, in order to cure the inherent imbalance and insufficiency of fund and development-driven agitations based on the revenue from natural resources.”

In line with the legislative principles, the bill is to be referred to the Special Ad-hoc Committee on Constitutional Amendment chaired by the Deputy Speaker, Hon Idris Wase, for further legislative action.

Clause 2 of the Bill seeks to amend section 162(2) provides that: ‘The President, upon the receipt of advice from the Revenue Mobilisation, Allocation and Fiscal Commission, shall table before the National Assembly proposals for revenue allocation from the Federation Account, and in determining the formula, the National Assembly shall take into account, the allocation principles especially those of population, equality of States, internal revenue generation, landmass, terrain as well as population density: Provided that the principle of derivation shall be constantly reflected in any approved formula as being not less than thirteen per cent of the revenue accruing to the Federation amount directly from any natural resources.’

The proponent of the bill, however, proposed that: “The President, upon the receipt of advice from the Revenue Mobilisation Allocation and Fiscal Commission, shall table before the National Assembly proposals for revenue allocation from the Federation Account, and in determining the formula, the National Assembly shall take into account, the allocation principles especially those of population, equality of States, internal revenue generation, landmass, terrain as well as population density: provided that the principle of derivation shall be constantly reflected in any approved formula, as being not less than ‘twenty per cent’ of the revenue accruing to the Federation Account directly from any natural resources.

https://tribuneonlineng.com/reps-propose-upward-review-of-derivation-fund-from-13-to-20-per-cent/

What have they done with the 13%? More to loot especially the governors

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I know those who will never agree to it

Buhari has enabled corruption in all sectors, a stupid president is always elected by stupid people

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Have they reviewed the Minimum wage?

Each region or state should get at least 50% revenue gotten from its coffers.

This should apply to all inflows from petrol dollars to VAT/CIT, inflows from customs, solid minerals, etc.

No b honest .... An average citizen is tired ..... Even if house is bringing something good , it will look like it's bad ... If pple av there way , Dem good chop politician head

With all the proposition and amendments twitter still carries their headquarters to Accra, Ghana. What a shame to the leaders of this nation.

And this is all they have got brain for? People dying everyday is non of their concerns. When erosion is sweeping your neighbor's house, you might mock, but that is the best time for you to rework the community drainage. I just pray, very soon, may the political leaders bury their children day-in, day out. Then, they will feel the same heat ordinary people are facing. We will all console ourselves and think of how to deal with the idiots wasting people's lives.

Nigeriadondie1:
What have they done with the 13%? More to loot especially the governors

What has the FG done with lion share it has been receiving?Total resource control is what states should demand.

Looks good on paper but the problem is when it's approved, what will the governors of those respective states do differently with it to what they have been doing with the current 13% ?
More money to loot, think about it.

iampeterben:
With all the proposition and amendments twitter still carries their headquarters to Accra, Ghana. What a shame to the leaders of this nation.

Shame to the entire country. The so called Leaders are from among the people.

Nigerians are the problem of Nigeria.

If the 20% doesn't include revenues from ports both air and sea, federal taxes generated per state, etc.....if it doesn't include these, make everybody dey go their grandpa house.

agabusta:



Shame to the entire country. The so called Leaders are from among the people.

Nigerians are the problem of Nigeria.

Tell that to the common man that thought Buhari was the change mantra to lead Nigeria to the promise land. DSTV, MTN, Twitter name it nearly every good thing that were supposed to come into Nigeria we lost it. When are we going to learn?

The governors of that region are the most irresponsible humans on earth.

Whatever the amount of derivation it will only be proportionate to their greed

Karlovych:
Buhari has enabled corruption in all sectors, a stupid president is always elected by stupid people

Your stupidity is really amazing

Good

Not what we need. All we need is for every region to control its resources and then perhaps give the 20% to the central government.

I see this as a mere bribery.

Have the debated on increasing d minimum wage yet?

I now know it's a sin to be common man here in Nigeria, people are dying of hunger and lack of most basic amenities. It's too bad.
Can't we be recolonize?

In my opinion, absolute resource control is the best. And let it be the other way, were the states will now be giving the central 20% derivation. This will go a long way solving must of the regional problems faced today.

The money won't be put to judicious use no matter what percentage is paid out as derivation to the States.

Waste of time.
Nigeria is gone

Wetin dey happen for country so e no concern our reps, na money dem dey find instead....abasi nmikikpa enyong!!!

Chai, another way of bribing the resource owners to dessuade them from insisting on restructuring.

Nigeriadondie1:
What have they done with the 13%? More to loot especially the governors

Is it your money?

Not still going to achieve anything as it will only make the thieving governors richer. No impact on the masses..

But why are these fraudulent people forcing Nigeria on us

What NIGERIA really dearly need u turn your face
give us resources control