Monies received must be accounted for in all manner of transparency- Amaechi
The Honourable Minister of State, Labour and Employment, Olorogun Festus Keyamo, SAN, has stated that the derivation fund to the host communities from the Petroleum Industry Bill, PIB, must be channeled into funding capital projects that can stand the test of time.
Keyamo decried that despite the huge funding to the commission(s) in the region, with the sole aim of rebranding a region whose inhabitants are living in pitiable states owing to lack of standard infrastructures sited in the region, there is nothing tangible to show that equate the funds received overtime.
The Delta born Senior Advocate of Nigeria, SAN, alongside his colleague in the Ministry of Transportation, Rt Hon Chibuike Amaechi and other relevant stakeholders from the Niger Delta region at a one day colloquium, titled, ‘PIB: finally getting it right and breaking the 20-year hiatus’, condemned the way commissions established to ameliorate the decadence in the region and give it a facelift in the areas of standard infrastructural development has had no significant effect and further plunder the region into ridicule.
The Honourable Minister of State noted that most of the elite in the region only struggle to get themselves appointed into the commission to oversea it, with an ulterior motive to shortchange the region by littering the entire Niger Delta with projects generally assessed as below par.
Keyamo further stated that Niger Deltans should not be elated by the news of setting up of another commission but focus more on ensuring the PIB meet up with her core mandate without recourse to compromise on delivering capital projects whose lifespan would span over half a century; such as standard hospitals and quality roads.
The Minister of Transportation, Rt. Hon Rotimi Amaechi, who also spoke in the summit stated that he was in total support of the 10% derivation fund to the host communities and lauded the efforts of the legislators towards giving a PIB bill that will be goals-oriented.
Amaechi opined that the monies derived from the 10% belonging to host communities as stipulated by the PIB bill must be institutionalized to determine how it will be spent in all manner of transparency.
Other stakeholders of the region who spoke at the summit to make their individual contributions are Professor Joseph Abugu, Prof Tony Afejuku of University of Benin amongst others.
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