The Yoruba delegates from the South-West at the ongoing 2014 Confab have dissociated themselves from the report of Consensus Group on resolving the impasse on derivation issue.

The delegation made its stand known in a statement signed by Secretary South-West Delegation Dr. Kunle Olajide.

According to Olajide, the Yoruba delegates, arising from the caucus meeting, rejected the report stating that the report gave a wrong impression of what the intervention fund was set to achieve.

The report was presented by Professor Ibrahim Gambari on behalf of the Consensus Group, in addition to proposing 18 percent derivation to the oil bearing states. They also proposed 5 percent first line charge for the development of mineral resources and another 5 percent National Invention Fund in Boko Haram devastated areas in the North East as well as other areas affected in North Central and North West.

“The fund is aimed to serve the collective interest of the country and not a sectional interest as presented by Gambari,” Olajide said.

He said the South West delegates view Gambari’s projection amount as a depletion of the federation account through nebulous funds to promote insurgency in the country.

“It also aimed at legalising the impoverishment of non-oil bearing states in South-West, South-East and South-South. As these states, neither benefit from derivation nor the so-called intervention fund,” Olajide added.

 

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