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Itsekiri graduates advocate foundation for oil royalties

By Charles Kumolu

National Association of Itsekiri Graduates, NAIG, has called for the establishment of a foundation for the payment of royalties accruable to Itsekiri nation from oil exploration will be paid, to guarantee judicious use of community development funds.

It also called for the stoppage of the payment of community development funds to those it described as questionable persons.

This was the outcome of the Itsekiri Economic Summit, which was convened in Warri by NAIG, in conjunction with Itsekiri entrepreneurs.

A communiqué by National President of NAIG, Mr. Collins Edema and Mr. Ben Eburajolo, stressed the need for an economic master plan in line with the status of the Itsekiri nation as an oil-producing area has been identified.

The group said: “Henceforth, all Itsekiri funds via royalties and sundry payments for oil exploration should no longer be dispensed at the whims and caprices of a few self-imposed kinsmen, but must be appropriately channelled through a transparent, credible and generally approved body like a foundation for the judicious expenditure of such funds for economically viable projects.

“There is a dire need to articulate a comprehensive Itsekiri Economic Master plan.

“This should aggregate the Itsekiri ideology on short, middle and long-term essentially developed synergy with all sons and daughters of Itsekiri.

“The Itsekiri agenda must be developed by progress-minded sons and daughters in the kingdom and must become the Charter of Itsekiri nation.”



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