PIB: Gov faults 5% debate on derivation for HOSCOM

Declare your assets, or risks sack, Gov. Sule warns public officers

Nasarawa State Governor, Abdullahi Sule has faulted the ongoing debate over the Petroleum Industry Bill (PIB) allocation for oil-producing states.

Sule who was a guest on Channels TV’s Politics program, monitored by our correspondent, stated that beyond the 3 per cent or 5 per cent, what should be Paramount is the wellbeing of the states involved.

He said Nigerians have to look at the totality of what goes to the communities whether it is just the three per cent that is going to them.

He further stated that the People have forgotten about the 13 per cent derivation that goes to their states.

According to the governor, even if the three or five per cent is given, whether it will change the communities or go into some private pockets

Explaining further, Governor Sule said: “Really, I care less about whether it is three per cent or five per cent. The most important thing is, let us go and take a look at what is happening in the Niger Delta. Even if we give them five per cent, is that the end of the crisis there? It is deeper than that.”

It would be recalled that the host community allocation became a subject of debate last week as both chambers of the National Assembly were at each other to decide and agree on the three and five per cent.

The three and five per cent allocations has been one of the clauses left in consideration after the National Assembly had passed the Petroleum Industry Bill earlier this month.

As it is, If the remaining clause is cleared, it is expected to transform the country’s oil industry.


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