New Oil Producing States: NDDC Act Amendment Bill Scales Second Reading | The Street Reporters Newspaper New Oil Producing States: NDDC Act Amendment Bill Scales Second Reading | The Street Reporters Newspaper

New Oil Producing States: NDDC Act Amendment Bill Scales Second Reading

100
Kindly Share this Story

A bill to amend the Niger Delta Development Commission (NDDC) Act 2000 to include states, which have recently attained oil-producing status, has passed second reading on the floor of the Senate.

Sponsor of the bill, Senator Solomon Olamilekan said on Wednesday that following the discovery of oil in Bauchi, Lagos, and Ogun, the states have officially joined the league of oil-producing states and by virtue of this, they are entitled to the 13 percent derivation due to them according to the provision of Section 162 Sub-Section 2 of the Nigeria Constitution.

ALSO READ  Anambra Decides: CLEEN Foundation Warns of Consequences of Unprofessional Conduct of Security Agents

While many agreed with Senator Olamilekan, there were some who did not support the amendment of the NDDC Act.

One of such was Senator George Sekibo who questioned the quantity of oil discovered in the states to be included in the NDDC, wondering if the quantity is enough to be refined and sold to benefit the country.

Similarly, Senator Matthew Urhogide argued that the name of the commission is specific in identifying the states which should be under the commission.

ALSO READ  Funkekeme Urges Active Involvement of Christians in Politics

He further stated that non- Niger Delta states can benefit from the 13% derivation but to say that they belong to the commission makes a mockery of the original idea for setting up NDDC.

Deputy Senate President Ovie Omo Agege, who also was strongly against the bill, accused Senator Olamilekan of being a meddlesome interloper.

According to Omo-Agege, Senator Olamilekan should pursue the development of the southwest development commission and not an amendment of the NDDC act.

The Street Reporters Newspaper is your BREAKING NEWS platform.
ALSO READ  Igbo-Eze South Crisis: Save Enugu Group Calls For Calm, Says Indications Rife That Council Chair's Demonetization Politically Motivated
Do you have Breaking news or Opinion article for us? | *Call: +234 817 504 7979 | Or Email Us: news@streetreporters.ng | Follow Us on Twitter https://twitter.com/streetreporters | Join Our Fans on Facebook: https://facebook.com/streetreporters.ng | Follow us on Instagram https://intagram.com/streetreporters | Advertise With Us: +2348035823617 | Visit Our Website: www.StreetReporters.ng
Kindly Share this Story


The Street Reporters Newspaper is reliable latest news portal and publishes opinions, business news, politics, and sports news from Nigeria and the world.


Subscribe
Notify of
guest
Enter your name
Enter a valid email address to comment
0 Comments
Inline Feedbacks
View all comments
Call Now ButtonCall Us Now!
0
Would love your thoughts, please comment.x
()
x
%d bloggers like this: