Application of 13% Derivation Fund in Akwa Ibom State: Matters Arising

Abstract

At the inception of the current democratic regime in 1999, non-implementation of 13% derivation formula was a source of much agitations which metamorphosed from minor unorganized hostilities to highly sophisticated cocktail of militant organizations, and criminal gangs which fed on agitations for fair play in development of the region which metamorphosed from minor unorganized hostilities to highly sophisticated cocktail of militant organizations, bringing governors of the Niger Delta states into closer alliance in quest for better existential conditions for their people. Against the backdrop of the activities of the kleptomaniac governing elites, it appears that allocating more money to the States may not be a guarantee that the funds will be used for the purpose for which they were appropriated. Consequently, the establishment of an institution charged solely with the responsibility of applying the derivation funds to address the nagging developmental needs of the inhabitants of the oil producing communities in the state is recommended.

Keywords: 13 Percent derivation fund, Oil bearing communities, Niger Delta, Akwa Ibom, and Development

DOI: 10.7176/DCS/10-10-06

Publication date:October 31^st 2020