YEsterday we published the first part of this Conference Hall on the demand by Northern delegates to the National Conference for the reduction of the 13 percent on derivation to 5 per cent. In this continuation, the participants state their positions.Read More
Professor Alphonsus Bosah Chukwurah (ABC) Nwosu was a political adviser and later Minister of Health in the administration of President Olusegun Obasanjo from 1999 to 2003. He is one of the Anambra State delegates to the ongoing 2014 National Conference. In this exclusive interview, he, amongst other contemporary issues, speaks on the innovation that resolved
Contrary to the 1999 constitutional provision on derivation, which stipulated “that the principle of derivation shall be constantly reflected in any approved formula as not being less than thirteen percent (13%) of the resource accruing into the Federation Account directly from any natural resources”, there are renewed agitations by delegates from the northern part of the country that derivation should be reduced to five percent.
Although the constitution envisages a periodic upward review, there has not been any exercise in the past 15 years.
IF I build refinery in the country, rather than going out to buy at the same international price, you buy from me but I don’t care how you get the subsidy.Read More
SO, those comparisons are there and I think we missed the point when Gen. Obasanjo sold the refineries at the time he was leaving office.Read More
Nigerians were recently, thrown into the periodic panic buying of petroleum products owing to the disruption in the supply chain.Read More
LAST year, we used to have at state capitals, but we discovered that perhaps we were talking above people’s head. It was then brought down to local government and we picked three local governments in each of the geographical zones. Ogun State was picked in south west and I was at Ota, Ijebu-Ode, and I was also at Abeokuta.Read More
Since November 1, 2013 when the Federal Government partially privatised the successor companies that emerged from the former Power Holding Company (PHCN), Nigerians have been going through mixed experiences in their ability to access electricity power supply. The common trend that runs through the entire story chain is that Nigerians have not seen the promise. Succour has not come and the new companies have not changed from what the consumers used to get in the hands of PHCN.Read More
I am telling you that it is on the basis of that fraud that three million barrels of crude oil are being sold everyday in Nigeria and the money is being shared by those who have declared themselves owners of the country.Read More
In my modalities, I have proposed that there should be a number of centers. One in Kaduna, one in Port Hacourt, one in Enugu, one in Ibadan, and one in Benin and another one in New York where the United Nations organsiation operate from. It is going to be the central place where all the information are coming from, all the processes of having a sovereign national conference is coming from.Read More
Remember that Ethiopia used to be a place where you find people who are malnourished, but now Ethiopia economy is one of the fastest growing economies because after so many years of fighting, they conveyed a national conference and they now have what is called ethnic federal system.Read More
Since the early 1990s, Nigerians have been calling for a Sovereign National Conference, or some form of national discourse to deliberate on some knotty issues that have remained recurrent in our national life.Read More
Introduction: With the October deadline on phasing out the old drivers licence and plate number for vehicles, agencies of government in Lagos State have found it lucrative to pounce on vehicles on the road to challenge owners or drivers of such cars to produce their driver’s licence.Read More
THERE has been a lot of outrage over the recent increase in electricity tariffs. On one hand, people are complaining they were not well informed. People are not convinced. A lot of issues which I hope will be brought to the fore today. Mr. Ojuroungbe, is there a direct relationship between electricity tariffs and business?Read More
WHAT I do is to round geo-political zones, work will national orientation agencies, civil society organizations. I have been to Lagos no fewer than six times.Read More