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Reps To Consider Increase In Derivation Fund From 13% to 50%

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By Gloria Ikibah
The House of Representatives is set to consider a constitutional amendment bill which is aimed to increase the derivation fund from the current “not less than 13 per cent” to “not less than 50 per cent”, to ensure the development of all Nigerian states and regions where mineral resources are being extracted.
The bill which was sponsored by Rep. Awaji-Inombek Abiante and 8 other lawmakers has been deferred for debate on Tuesday at plenary.
The decision by Speaker Tajudeen Abbass was arrived at when some lawmakers pleaded to be given copies of the bill to study when the bill was read for second time at plenary on Wednesday.
The bill seeks to alter section 162(2) of the 1999 constitution by deleting the words ‘not less than thirteen percent’ and inserting ‘not less than fifty percent’.
According to the general principle of the bill made available to Naijablitznews.com, the proposed piece of legislation is in response to the clamor of the present administration to righting the wrongs of previous regimes and by ensuring the practice of true federalism.
The sponsors of the Bill argued that the initiative is in tandem with the dream of the founding fathers of Nigeria.
They argued: “Let us indeed renew the hope not only of our founding fathers but also that of generations after us by the unanimous endorsement to review quickly and to amend the formula to not less than fifty percent (50%) according to the Independence Constitution of 1960 and the Republican Constitution of 1963 in Sections 134 {1 (a &b)} and 140 {1(a & b).
“It is noteworthy to add that including all revenues from VAT in this sharing arrangement will enhance competition among the states for increased productivity by making their environment friendlier for investment in order to increase their revenue. This is in tandem with the spirit of equity and justice.
“There has been discovery of one billion barrel of crude oil and gas in North-Eastern part of the country along the Chad Basin in neighboring Bauchi and Gombe states; there are gold fields in Zamfara, Niger, Osun, Kwara, Ebonyi, Kaduna, Edo and Bauchi states and also the FCT; tin mining in Plateau and Nasarawa state among others.
“The truth is, every state in Nigeria is endowed with mineral resources and this bill seeks to ensure that states and regions where these minerals are extracted from also have their revenues allocated according to the 50% derivation formula”.
Rep. Abiante argued that the current formular of revenue sharing renders the collective wisdom of our patriots/statesmen and their intellectual wisdom worthless.
He said: “The current ‘not less than thirteen percent’ derivation entrenched in the 1999 Constitution is grossly inadequate and a mis-representation of the Spirit of pre-independence negotiations and agreements.
“Even in the intent and desire to ensure the rehabilitation and development of the damaged environment where mineral resources (liquid, gaseous and solid) are derived for the sustenance and development of the whole country does not also seem achievable with the current practice of 13%.
“This Bill is not all about resource control but an attempt to address the myriads of issues bordering on the meager “not less than 13%” derivation fund payable to states on revenues derived from their environment as provided for in Section 162(2) of the 1999 Constitution of the Federal Republic of Nigeria as (amended).
“It is important to state that this amendment is not only relevant for today, but also for the future. Some of us may feel that this section that we seek to amend makes no meaning to them, because, their states are not presently affected. But it is pertinent to ask, what about the future?
“Let us remember that every state in the Federal Republic of Nigeria is blessed with abundant natural resources capable of turning the economic fortunes of the country. The increased interest by Federal Government to reduce the dependence on oil and gas as the mainstay of our economy means attention will be shifted to the solid minerals”.
The lawmaker further stated that the huge environmental impacts of the exploitation of natural resources on the host communities are devastating, including pollution, hunger, insecurity and youth restiveness.
“The meager ‘not less than 13%’ derivation as presently provided for by the 1999 Constitution of the Federal Republic of Nigeria encourages Illegal exploitation and mining of our natural resources. It is said he whose parents provides enough food does not bring disgrace to his parents by fighting for food outside. It is a truism that rich parents who do not provide enough food for their children despite having them in abundance can only encourage such children to pilfer from them.
“The illegal refineries that litter the entire Niger Delta region and illegal mining sites across some other parts of Nigeria are reflections of non-commitment of enough funds for the development of these areas.
“The deployment of enough funds means more development in terms of social, economic and security infrastructures. The various State Governments’ ability to build industries will keep the restive youths engaged and away from crimes, especially from the illegal mining and exploitation of natural resources.
“The eradication of illegal mining will mean more money for the Federal and the State governments to share for development purposes, besides the energy and the resources used in chasing and closing illegal operators would be channeled to fast-track the development and protection of the region and indeed any part of the Federation as presently is where mineral resource or any revenue is gotten for the running of the business of Governance, hence the urgent need to increase the derivation fund from “not less than thirteen percent” to “not less than fifty percent”.
“This menace of oil theft has become a threat to our national security and economy, hence the recent tour of the Niger Delta region by the National Security Adviser, Mallam Nuhu Ribadu, Chief of Defence Staff, Minister of Defence, Minister of State for Petroleum Resources, Chief of Air Staff on the 26th of August, 2023 with the strong determination to fight illegal refineries.
“The revenue allocation formula as previously enshrined in both the Independence and Republican constitutions will certainly resolve this issue and make for greater patriotism and a sense of commitment from all. This sense of patriotism will reduce or totally eliminate oil theft and illegal mining as constantly reported.
“It will also make for greater development hinged on healthy competition as witnessed in the pre-independence Nigeria and the First Republic where we had the famous Cocoa House, the University of Ibadan, the University of Nigeria, Nsukka, the University of Ife as it was then called, the famous groundnut pyramid in Kano, the foundation for the eventual establishment of the Ahmadu Bello University, the Western Nigeria Television and several others”.
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Tinubu Hails SEDC Boss Mark Okoye at 40, Praises Public Service Record

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By Gloria Ikibah

President Bola Tinubu has congratulated the Managing Director and Chief Executive Officer of the South-East Development Commission (SEDC), Mark Okoye, on the occasion of his 40th birthday, commending his contributions to public service and leadership in national development.

In a statement issued by the Special Adviser to the President (Information & Strategy),Bayo Onanuga, on Sunday, the President celebrated Okoye’s milestone birthday and acknowledged what he described as an impressive record of service spanning more than a decade.

Before assuming leadership of the South-East Development Commission, Okoye held several strategic positions in Anambra State, including Managing Director and Chief Executive of the Anambra State Investment Promotion and Protection Agency. He also served as Special Adviser to the Governor before later becoming Commissioner for Economic Planning, Budget and Development Partners.

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The President used the occasion to recognise Okoye’s achievements in public office and his commitment to advancing development initiatives.

The statement read: “President Tinubu acknowledges Okoye’s dedication, resilience, and passion for service, and encourages him not to relent in his efforts to manage the South-East Development Commission and deliver on its mandate.”

The statement noted that the President views young leaders as critical to Nigeria’s future and expressed confidence in the capacity of the country’s emerging generation of public servants.

Tinubu also praised Okoye’s professional conduct throughout his years in government service.

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“As a youth-centric leader, the President states that, with Okoye and many other innovative young people in his administration, the nation’s future remains promising.

“The President celebrates Okoye on this milestone and commends his 14-year unblemished record in public service.”
The President joined family members, friends and associates in celebrating the SEDC chief executive, offering prayers for his continued wellbeing and success.

“President Tinubu joins family, friends, and well-wishers in wishing Okoye a happy 40th birthday, good health, and renewed strength as he continues his service to the nation”, he added. 

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Deputy Speaker Pushes for Home-Grown Defence Industry, Stronger Financial Crackdown on Insecurity

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By Gloria Ikibah

Deputy Speaker of the House of Representatives, Rt. Hon.mBenjamin Kalu, has called for a major shift in Nigeria’s security strategy, urging increased local production of military equipment and stronger financial controls to disrupt criminal and terrorist networks.

Speaking at the Nigeria People’s Strategic Conference and Defence Exhibition 2026 in Abuja on Saturday, Kalu said the country must reduce its dependence on imported weapons and invest more heavily in building a self-reliant defence manufacturing sector capable of supporting national security needs.

The conference, which focused on integrating private sector capacity into Nigeria’s security architecture, brought together stakeholders from government, business and the security community to discuss solutions to the country’s evolving security challenges.

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He argued that expanding domestic arms production would not only strengthen national defence capabilities but also create jobs, stimulate industrial growth and reduce vulnerabilities associated with reliance on foreign suppliers.

The Deputy Speaker also highlighted the critical role of the financial sector in the fight against insecurity, calling on banks and other financial institutions to intensify due diligence measures and strengthen transaction monitoring systems to identify and block illicit financial flows that sustain criminal groups and terrorist organisations.

He emphasised that addressing insecurity requires coordinated action across multiple sectors and urged participants to move beyond discussions towards concrete commitments and measurable outcomes.

According to him, technology companies have a vital role to play by developing platforms that enhance intelligence gathering, information sharing and early warning systems. He also underscored the importance of civil society organisations in strengthening trust between communities and government institutions, particularly in areas affected by insecurity.

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Kalu further assured stakeholders that the National Assembly will continue to support security reforms through legislative action, constitutional review processes, budgetary allocations and robust oversight of security-related programmes.

The Deputy Speaker maintained that despite the security challenges facing the country, Nigeria remains resilient and capable of overcoming its difficulties through stronger institutions, innovation and greater collaboration among public and private sector actors.

He said: “Every sector represented in this room must leave with a specific, measurable role in Nigeria’s security architecture. The defence industry must deepen local capacity so that we do not import what we can produce. The technology sector must offer platforms for intelligence sharing and community early warning. The financial sector must tighten the chokepoints through which criminal and terrorist financing flows. The civil society must continue to build the bridges between communities and government that make sustainable peace possible.

“And the legislature, we will continue to provide the legal scaffolding on which all of this is built. We will continue to review the constitution where it needs reviewing. We will appropriate resources where resources are needed. We will provide oversight to ensure that what is promised is delivered. We will legislate not for public applause but for the protection of lives and the dignity of every Nigerian.”

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Kalu noted that the House recently voted 289 to 2 in favour of a safer Nigeria through the State Police constitutional amendment, describing the near-unanimity as patriotic rather than partisan.

“I am proud to serve in an assembly that just two days ago voted 289 to 2 in favour of a safer Nigeria. That near-unanimity was not partisan. It was patriotic. And it must be matched by an equal unity of purpose in this room today.

“There is a Nigeria on the other side of this season. That Nigeria is not a promise. It is a project. A project that belongs to all of us; both the legislature and the executive, the uniform and the suit, the community and the corporation, the government and the governed.

“We are a people worth fighting for. This republic is worth building. And let this moment be the moment we decide, formally and finally, to build it together”, he said.

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The Deputy Speaker also dismissed the feelings in some quarters that Nigeria was failing.

“Nigeria is not failing. Nigeria is fighting. There is a difference. A failing country stops trying. Nigeria has never stopped trying. That is our heritage. That is our irreducible character. But resilience must be met by structure. Courage must be met by policy. The sacrifice of the Nigerian people deserves a security ecosystem worthy of the sacrifice”, he said.

The event drew participants from the defence industry, financial institutions, civil society, and security agencies.

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ECOWAS Parliament Convenes High-Level Dakar Summit to Drive Renewable Energy Push in Rural West Africa

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By Gloria Ikibah

The ECOWAS Parliament is set to convene a major regional meeting in Dakar aimed at advancing renewable energy deployment and expanding electricity access to millions of people living in rural communities across West Africa.

The five-day Delocalised Joint Committee Meeting, scheduled for June 15 to 19, will bring together Members of Parliament, representatives of ECOWAS institutions, government officials, development partners, private sector stakeholders, civil society organisations and energy experts to examine practical solutions for accelerating rural electrification throughout the region.

The meeting will be held under the theme, “Harnessing Renewable Energy for Rural Electrification and Empowerment of Rural Economies in the ECOWAS Region: The Role of the ECOWAS Parliament”, will be organised by the Joint Committee on Energy and Mines, Agriculture, Environment and Natural Resources, and Infrastructure under the Sixth Legislature of the ECOWAS Parliament.

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The gathering comes against the backdrop of persistent energy deficits across many rural communities in West Africa, where millions of residents still lack access to reliable electricity despite notable progress in recent years. Limited electricity access continues to affect key sectors, including agriculture, education, healthcare, digital connectivity and economic productivity.

With ECOWAS targeting universal access to sustainable and affordable energy by 2030, participants are expected to focus on the role of parliamentary action in advancing that objective and supporting policies that encourage investment and innovation in the energy sector.

Central to the discussions will be the potential of decentralised renewable energy solutions, including solar mini-grids, hybrid energy systems and stand-alone solar installations, to close the electricity access gap in underserved areas.

Delegates will also assess how West Africa can better harness its vast but largely untapped solar and hydropower resources to meet growing energy demand.

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The meeting will further review major regional energy frameworks, including the ECOWAS Renewable Energy Policy (EREP), the Energy Efficiency Policy (EEEP), the updated ECOWAS Energy Policy and the Regional Electricity Market (REM).

Participants will also evaluate the contributions of the ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE), the West African Power Pool (WAPP) and the ECOWAS Regional Electricity Regulatory Authority (ERERA) in strengthening regional energy integration.

One of the key features of the programme will be a field visit to a renewable energy installation in Senegal. During the visit, lawmakers will engage directly with beneficiary communities, local entrepreneurs, women and youth groups to gain first-hand insight into the impact of rural electrification on livelihoods, economic activity and community development.

At the end of the meeting, Members of Parliament are expected to adopt a set of recommendations aimed at reinforcing regional rural electrification initiatives, attracting greater investment into renewable energy infrastructure and strengthening parliamentary oversight of ECOWAS energy policies and programmes.

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The outcomes of the Dakar meeting are expected to contribute to ongoing efforts to bridge the energy access gap and support sustainable economic growth across the ECOWAS region.

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