The South-South Governors Forum said the Federal Government should apply the 13% (thirteen percent) derivation principle as enshrined in the constitution when withdrawing the $1bn (One billion dollars) from the Excess Crude Account for national security.Reaffirming their unwavering stance for the restructuring of Nigeria, the South-South governors also advised the Federal Government to withdraw the bill on National Water Resources.
Ovieteme George reports that the Chairman South-South Governor’s Forum and Governor of Bayelsa State Seriake Dickson has been meeting governors and prominent leaders of the
geo-political zone on the need to restructure Nigeria, a move which led to the PANDEF mega rally in Yenagoa where South-South, South-East, South-West and Middle belt leaders also expressed their support.
The South-South Governor’s met in Port-Harcourt and reaffirmed their stance on the issue.
A decision was also reached concerning the planned withdrawal of $1bn (One billion dollars) from the Excess Crude Account by the Federal government for national security.
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