Obasanjo, Diri renew Niger Delta’s agitation for bigger oil revenue
Former President Olusegun Obasanjo and Bayelsa State Governor Douye Diri have renewed calls to review Nigeria’s 13 per cent derivation allocation to oil-producing states, arguing that the current arrangement has not delivered a fair share of the country’s petroleum wealth to the Niger Delta.
During Mr Obasanjo’s presidency, the federal government maintained that the 13 per cent derivation principle did not automatically extend to offshore oil beyond the relevant territorial waters.
The dispute nevertheless left a lasting imprint on the Niger Delta’s struggle over resource ownership, revenue distribution and the relationship between the federal government and oil-producing states.
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