Bill To Increase Mineral-Producing States’ Share Of Revenues To 50% Passes Second Reading

ABUJA – The Nigerian House of Representatives is set to debate a constitutional amendment bill aimed at increasing the derivation fund from “not less than 13%” to “not less than 50%.” The bill, sponsored by Rep. Awaji-Inombek Abiante (PDP, Rivers) and eight other lawmakers, seeks to amend section 162(2) of the 1999 Constitution to ensure […]