CONFAB: Conference Wants Technical Committee to Determine Appropriate Percentage for Revenue Allocation, Adjourns Plenary Till August 4, 2014
The plenary session of the National Conference drew to a close on Monday following completion of debate and adoption of resolutions arising from reports of 20 committees that considered critical issues arising from the convocation of the Conference.
Conference Chairman and former Chief Justice of Nigeria, Justice Idris Kutigi, said the next plenary session would be on August 4, 2014 when delegates would reassemble to consider and approve the final reports of the Conference for presentation to the Federal Government.
According to a statement by the assistant secretary media and communications James Akpandem, the Conference formally adopted the Report of the Committee on Devolution of Power but without conclusive decision on the vital issue of derivation principle and what percentage should be paid mineral producing areas.
After days of fruitless discussion by leaders of geo-political zones at the Conference, Justice Kutigi and other principal officers of the Conference met with selected leaders of delegations to the Conference; co-chairmen, chairmen and deputy chairmen of all the Standing Committees to decide on the matter.
The Conference also notes that assigning percentages for the increase in derivation principle, and setting up Special Intervention funds to address issues of reconstruction and rehabilitation of areas ravaged by insurgency and internal conflicts as well as solid minerals development, require some technical details and considerations.
Conference therefore recommends that Government should set up Technical Committee to determine the appropriate percentages on the three issues and advise government accordingly.