BREAKING: A'Ibom Lawmaker Wants 10% Oil Derivation Set Aside For Youth Development - Sirealsilver

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BREAKING: A'Ibom Lawmaker Wants 10% Oil Derivation Set Aside For Youth Development

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By William Effiong

Emmanuel Ekpenyong, a member of the Akwa Ibom State House of Assembly, has submitted a bill demanding a law to to create a pool of funds for youth development in the oil-rich state.


He said the funds shall be known as the Akwa Ibom State Youth Development Fund "into which shall be paid all the monies received as 10% oil derivation fund, grants, and subsections from National and donor agencies for the purpose of youth development"

The Ini member got his colleagues speaking in support of the bill.

According to a February report of the Nigeria Extractive Industries Transparency Initiative (NEITI) Akwa Ibom received the highest allocation of N116.6 billion from the federation account in 2016. The state's 13% oil derivation largely placed the state above the rest of the nation's 36 states and Federal Capital Territory.

Led by a 39-year-old Speaker Onofiok Luke, the Akwa Ibom Parliament is dominated by people who were active in the state youth politics. 

The sponsor of the bill, Ekpenyong, is a former leader of the Akwa Ibom youth caucus, a political youth group which played frontline role in the state's politics under former Governor Godswill Akpabio.
BREAKING: A'Ibom Lawmaker Wants 10% Oil Derivation Set Aside For Youth Development Reviewed by sirealsilver on April 28, 2017 Rating: 5 By William Effiong Emmanuel Ekpenyong, a member of the Akw a Ibom State House of Assembly, has submitted a bill demanding a law t...

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