There were protests on the floor of the National Conference, yesterday, as the Elders’ Committee raised the 13 per cent derivation to 18 per cent according to Vanguard.
In their harmonized position, the committee, which has elder statesmen as members also recommended five per cent of federal revenue for exploration and development of all mineral resources, as against the present 4.5 per cent and that 50% of money allocated to each state on derivation must go directly to the communities from which the mineral resources are extracted.
The committee also recommended that five per cent of federal revenue should go for the rehabilitation, stabilization and reconstruction of areas affected by insurgency in the North-East, North-West and North-Central geo-political zones.