The derivation principle whereby oil export earnings are apportioned to the producing states should have led to about $30 billion in revenues for Niger Delta communities but much of this had been wasted or lost to illegal oil bunkering by organised crime syndicates.
Acting President Yemi Osinbajo, speaking on behalf of Muhammadu Buhari, who is currently on medical leave in the UK, told stakeholders convened in Rivers State this week that the government would continue with an amnesty programme designed to retrain former militants and enhance job prospects in the oil zone.
Osinbajo
