The Kwara State governor, Bukola Saraki, has expressed support for the setting aside of 10 per cent from the total oil revenue generated by the country for oil producing areas, stressing that the gesture will build a sense of ownership in the communities.
Mr. Saraki, who spoke at the presidential wing of the Murtala Mohammed Airport, Lagos at the weekend, disclosed that it is time for oil producing communities to benefit directly from the nation’s oil proceeds.
A sense of belonging
“There should be something going back directly to these oil producing communities,” he said. “Whether we like it or not, there is a kind of concern that nothing goes back to the communities, and there is no sense of belonging.”
Mr. Saraki argued that when the percentage from oil revenue is set aside for the oil producing areas, it will also enhance productivity in the communities and in Nigeria.
“I think once there is a sense of belonging in these communities, they will have a sense of ownership and will ensure that those oil areas are well protected and there is productivity,” he said. “At the governors’ forum sometime ago, we discussed this and we are in support of some kind of equity, royalty or whatever way they want to fashion it.”
Support for deregulation
Commenting on the proposed deregulation of the nation’s oil downstream sector, the Kwara State governor said it is in the interest of the country to remove the subsidy on the price of fuel, stressing that the grant only benefits a few Nigerians. “We have about N650 billion yearly that is being used to subsidise fuel importation and I have said many times that this money is going into the pockets of very few people,” he said.
On how to correct the “deficiencies,” Mr. Saraki suggested consultation among leaders in the country as a way forward. “I don’t believe this should just be the issue of Mr. President’s agenda; governors will consult, former heads of states would consult, traditional rulers too and other stakeholders in the country, to find a way of implementation,” he said.
According to the governor, the money from deregulation will be used in what the entire populace would see. “I don’t think anybody will see the deregulation as a way to deceive the people for I think the people are wiser than that and they won’t allow themselves to be deceived again,” he said. “The labour and government should sit down now and work out how to go about it. Are you for deregulation or not?”


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