Tag: derivations
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House introduces Bill seeking increase in 13% derivation to 50%
By Emman Ovuakporie A Bill seeking an increase in 13 percent derivation to 50 percent is among bills scheduled in the constitutional review of the 1999 constitution (as amended). TheNewsGuru.com, (TNG) reports the Bill if finally passed via the constitution amendment process will enable oil producing states earn 50percent as against the current 13percent derivatiion.…