Oil revenue: PANDEF seeks 50% derivation for oil-producing states

The Pan-Niger Delta Forum (PANDEF) has called for an increase in the derivation allocation to oil-producing states from the current minimum of 13 per cent to 50 per cent to address environmental damage and years of underdevelopment in the Niger Delta. The forum also urged the Federal Government and the National Assembly to abolish the onshore/offshore dichotomy in revenue allocation, arguing that…