Skip to content
October 19, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Southern Governors’ demand for 5% derivation in order – A’Ibom Gov.
  • National News

Southern Governors’ demand for 5% derivation in order – A’Ibom Gov.

Admin July 17, 2021

File photo: Delta State Governor, Senator Ifeanyi Okowa (3rd right), Governor of Bayelsa, Senator Douye Diri (right), Governor of Akwa-Ibom State, Emmanuel Udom (2nd right), Governor of River State, Nyesom Wike (3rd left), Governor of Edo State, Dr. Godwin Obaseki (2nd left) shortly after the South, South Governors Meeting in Asaba.

July 17, 2021

File photo: Delta State Governor, Senator Ifeanyi Okowa (3rd right), Governor of Bayelsa, Senator Douye Diri (right), Governor of Akwa-Ibom State, Emmanuel Udom (2nd right), Governor of River State, Nyesom Wike (3rd left), Governor of Edo State, Dr. Godwin Obaseki (2nd left) shortly after the South, South Governors Meeting in Asaba.

Gov. Udom Emmanuel of Akwa Ibom says the five per cent on oil derivation demanded by Governors in the south is not too much, “considering the devastating effects on members of our communities”.

The governor stated this while fielding questions from newsmen in Minna on Saturday.

“The current three per cent is too little, considering the risks and hazards members of oil producing areas are subjected to.

“The fishermen can no longer earn a living because of oil spillage while the farmers cannot farm. There are numerous other challenges confronting members of oil communities,” he said.

On the Petroleum Industry Bill (PIB), he said that members of the National Assembly had performed their duties and that the Southern Governors could not take away their functions, but pointed out that more resources were required to assist oil producing communities.

According to him, the affected Governors will study the PIB carefully and react to it.

The News Agency of Nigeria (NAN) reports that members of the Senate And House of Representatives recently passed the PIB with recommendations on funds for host communities generating much interest. (NAN)

 

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Akwa Ibom Derivation Oil communities Petroleum Industry Bill (PIB) Udom Emmanuel

Post navigation

Previous US CDC detects first case of monkeypox “imported” from Nigeria in Texas
Next Court sentences man to death for killing boss’s wife

Related Stories

NAF airstrike kills ISWAP leaders in Lake Chad Terrorists in Sambisa forest
  • National News

NAF airstrike kills ISWAP leaders in Lake Chad

October 19, 2026
Catholic Bishops declare nationwide prayers for peaceful 2027 elections
  • National News

Catholic Bishops declare nationwide prayers for peaceful 2027 elections

October 19, 2026
Uduaghan revolutionized governance at state level, says Ogeah
  • National News

Uduaghan revolutionized governance at state level, says Ogeah

October 19, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

  • Business & Economy

October 19, 2026
NMA raises concern over doctors’ burnout, premature deaths federal government
  • metro

NMA raises concern over doctors’ burnout, premature deaths

October 19, 2026
NAF airstrike kills ISWAP leaders in Lake Chad Terrorists in Sambisa forest
  • National News

NAF airstrike kills ISWAP leaders in Lake Chad

October 19, 2026
Catholic Bishops declare nationwide prayers for peaceful 2027 elections
  • National News

Catholic Bishops declare nationwide prayers for peaceful 2027 elections

October 19, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.