13%Derivation Fund:Ijaw monarch calls for board , presidential monitoring committee

King Jerry Prebor (Snr.), the Amananaowei of Meinbutus Federated Communities, has urged the Nigerian federal government to create a dedicated board and a presidential monitoring committee to oversee the 13% derivation fund. This fund is allocated to oil-producing states based on revenue derived from oil and gas. The monarch emphasized the need for these bodies to include representatives from the oil and gas-producing communities and other key stakeholders.

Prebor's appeal, made in an open address, highlights concerns regarding the administration and disbursement of the derivation fund. The establishment of such committees is seen as a crucial step towards ensuring transparency and accountability in managing resources intended for these communities. The proposed structure aims to give local stakeholders a direct voice in how the funds are utilized.

The call underscores the ongoing demand for equitable resource management and development in Nigeria's oil-rich regions. By advocating for a board and a presidential committee, King Prebor seeks to empower the communities most directly affected by oil exploration and ensure that the derivation fund contributes effectively to their development.