A Niger Delta civil society group is calling on President Bola Ahmed Tinubu to create a Presidential Board specifically to manage the 13% derivation fund. This fund, allocated to oil-producing regions, is intended to address environmental damage and promote development. The group argues a dedicated board is crucial for ensuring transparency and accountability in how these funds are utilized. They believe direct oversight will prevent mismanagement and ensure resources reach intended beneficiaries. The Niger Delta Civil Society Forum asserts that establishing this board will foster greater trust and improve the impact of the derivation fund on local communities. The call comes as stakeholders seek improved governance of oil revenue allocations in the region.
