The Governor of Bayelsa State, Douye Diri has come out hard on the sharing formula for the country’s derivation fund. Diri, therefore, queried the country’s “lopsided” federalism practice. He noted the practice of Nigeria’s brand of federalism has hindered the development of States in the country.
The Governor, therefore, called for a review of the revenue derivation formula in line with the practice of true fiscal federalism.
Speaking on the derivation formula, Diri, queried the existing practice where resource-endowed States in Nigeria, particularly in the Niger Delta, get 13 percent as monthly allocation.
The Governor insisted that it was wrong to describe Bayelsa as insolvent and unable to exist without monthly federal allocation. He described such statement as misnomer because its resources were being expropriated to Abuja and shared to other States.
The Bayelsa State Governor made this disclosure while speaking over the weekend in Houston, Texas, USA.
The Ijaws in the United States of America and Canada had used the occasion to confer on him the award of “Icon of Unity and Social Justice”. The award was part of the three-day 2024 convention organized by Ijaw National Congress (INC)-Americas.
Receiving the award, Diri appreciated the organizers for upholding the Ijaw tradition and culture even in the Diaspora.
The group also honoured former Nigerian first lady, Dame Patience Jonathan and Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri. Other Ijaw prominent indigenes that included renowned author and the Ibenanaowei of Ekpetiama kingdom, King Bubaraye Dakolo, were honoured.
Addressing the gathering, Diri said: “The leadership of the Niger Delta has been with the Ijaws over the years. Now it looks like we are getting tired. But we should not. We have to continue with our leadership role while galvanizing support from our neighbours and brothers in the region.
“The Niger Delta is an area that should be better than it is if we were allowed to use our resources for our development. Since I arrived this country, what crossed my mind has been how Bayelsa would be if we practiced true federalism. Whereby, we get 100 per cent of our revenue from oil and gas and not 13 per cent as it is today. Maybe we would have had one small Houston in Yenagoa.
“You cannot take away the resources in my State and the Internally Generated Revenue that would have accrued to us. And expropriate it in the name of Federation Account Allocation Committee (FAAC). Every month end, the 36 States in the country gather in Abuja to share resources accruing from my State. And they still come back to insult us that our State is insolvent.
“I have never seen anywhere in the world where the essence of the FAAC is to share revenue only from oil and gas. What about the revenue from other mineral resources like gold? Why are they not also shared? This is the naked truth,” the Governor queried.
Diri, however, urged the Ijaw indigenes not to allow the fire of Ijaw nationalism that has been ignited to extinguish. He charged them to ensure that the annual event was sustained while promising the support of his administration.
source: Daily Trust
