Author: kaparah
Thu Aug 21 14:24:23 2008

I concur with Daily Champion's well thought out editorial. Instead on having the Fed govt implementing the so-called "Marshall-Plan" development of Niger Delta, this is the more reason why the residents of Niger Delta should ask for 50% derivation and let them use their income to develop their own land anyway they see fit. In fact, all Nigerian 36 states should equally claim 50% share of proceeds derived from extractions from their respective soil. The federal government is totally incompetent and a rouge. Aside from 10% award fee (bribe), given the way the fed govt scrimp on building materials, shoddy work with low quality and lack of earmarks for periodic maintenance - no wonder our roads and other infrastuctures only last a moment until the next raining season wash everything away, then back to square one. A 50% share based on derivation would encourage each states to earmark budgets for research and development to find resources that would allow each state to specialize in adding value to resources that give them comparative advantage. This new approach would also reduce our dependency on crude oil alone while sitting around waiting for the fed govt to divvy up the goodies like manna from heaven will only breed laziness and greed




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