South South governors want the Federal Government to pay 13 percent derivation (of the $1 billion, sourced from the Excess Crude Account, to fight insurgency,) to oil-producing states of the Federation. Rivers State Governor, Nyesom Wike, led the charge when Speaker of the House of Assembly, Ikuinyi Owaji-Ibani presented the Leadership Newspaper Governor of the Year Award 2017 to him at Government House, Port Harcourt, yesterday. Wike was categorical that the $1 billion has been withdrawn from the ECA and so, wants the federal government to pay 13 percent derivation to oil-producing states. The governor noted that government knows it is mandatory for the constitutional procedure to be followed because he has been officially approached to lobby the Assembly to approve the resolution mandating withdrawal of the said funds. Read more