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Delta State hails derivation move

    ABIDJAN

    Delta State governor James Ibori has welcomed President Olusegun
    Obasanjo's immediate approval of the 13 percent derivation principle of revenue allocation for oil producing states, 'The Guardian' reported on Thursday.

    "It was a step in the right direction and restated the resolve of the leaders of the south-south zone that the payment be made effective from May 1999 when the enabling constitution became operational," Ibori said.

    The revenue is to be used to develop the Niger Delta.

    He dismissed recent reports that the leaders of the zone should have supported the recent call for a sovereign national conference, saying that the zone believes strongly in the existing federal system.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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