14 other states to join Niger Delta states in enjoying 13% derivation

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The Revenue Mobilization Allocation and Fiscal Commission, RMAFC, has revealed that no fewer than 14 states producing solid minerals would soon join Niger Delta states in the country which have been enjoying 13 per cent derivation for over two decades to enjoy the benefit.

 
Speaking yesterday in Abuja when he hosted members of the House of Representatives Committee on Finance on oversight function, RMAFC Chairman, Elias Mbam, said the Commission was at present, working out the new formula for revenue sharing.

According to him, the states which will be entitled to 13 per cent of the resources mined in their areas by the Federal Government include Benue, Niger, Plateau, Nasarawa, Ogun...

Source: http://www.ereporter.com.ng/index.php/national-news/item/1120-14-other-states-to-join-niger-delta-states-in-enjoying-13-derivation