HomeBusinessN’Delta group insists on 13% derivation fund board

N’Delta group insists on 13% derivation fund board

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Civil society stakeholders in the South-South region under the auspices of the Niger Delta Civil Society Forum has urged President Bola Ahmed Tinubu to “revisit the calls for reforms in the administration of the constitutional 13 per cent Derivation Fund by establishing a Presidential Board to strengthen accountability, transparency and ensure direct developmental impact in oil-producing communities”.

According to the Forum, the “derivation principle is constitutional, while the Petroleum Industry Act is a separate legislation enacted for entirely different objectives”.

This was contained in a statement signed by its Coordinator, Mr. Ezekiel Kagbala, on Monday.

The Forum while reacting to a letter by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) dated April 15, 2026 on the constitutional administration of derivation revenues, maintained that it is an “unparalleled absurdity to redirect statutory funds meant for host communities and then claim that the PIA has addressed their needs”.

The statement added,

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