The confusion followed a motion by Rep. Ken Chikere (Rivers-PDP) on the “Need to deduct 13 per cent Derivation from the one billion dollars approved by the National Economic Council (NEC) to fight Boko Haram Insurgency”.
Moving the motion, Chikere said that if 13 per cent derivation was not deducted from the one billion dollars and paid to oil-producing states, it would amount to double contribution by the states.
He added that it would also be a breach of section 16 (2) of the 1999 Constitution and Section 1 of the Allocation of Revenue (Federation Account, etc) Act, Cap.A15, Laws of the Federation of Nigeria, 2014.
“At the 83rd meeting of NEC held in the Presidential Villa, Abuja, on Dec. 14, 2017, the 36 states’ governors approved the deduction of one billion dollars by Federal Government from Excess Crude Account (ECA) to fight Boko Haram.
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Originally posted 1970-01-01 00:00:00.