Kayode Fayemi
Chairman of the Nigerian Governors’ Forum, Kayode Fayemi, has said governors in the country are ready to go to court should they exhaust all available options open to resolving the brewing crisis occasioned by President Muhammadu Buhari’s signing of the Petroleum Industry Act.
Fayemi spoke exclusively to ARISE NEWS on Thursday.
Mr Fayemi, who is also the Governor of Ekiti State in the country’s southwest said the governors will work with the steering committee (set up by the president to oversee the process of implementation of the newly signed Petroleum Industry Act) but will not fail to take an alternative measure if they fail to secure a reprieve.
A particular sticking point is the 30% of profits set aside for ‘Frontier Basins’ in the PIA, which Fayemi says will deplete the Federation Account from which the three tiers of government share proceeds.
He suggested that officials in the presidency may not have shared the governor’s reservations concerning the Act with the President on his return from his visit to the United Kingdom.
Watch the interview for more…
[bc_video video_id=”6268636731001″ account_id=”6116119081001″ player_id=”default” embed=”in-page” padding_top=”56%” autoplay=”” min_width=”0px” playsinline=”” picture_in_picture=”” max_width=”640px” mute=”” width=”100%” height=”100%” ]
Follow us on:
Victor Okhai has argued that Trump’s presidency could encourage Nigeria to reduce foreign aid reliance…
Equatorial Guinea's VP has announced the suspension of officials involved in sexual misconduct within government…
Following outrage over the arraignment of minors, IGP Egbetokun has directed a probe into minors’…
Americans are headed to the polls to choose the next president in a tightly contested…
An Abuja court has struck out the case against #EndBadGovernance protesters as the AGF discontinued…
The UK has confirmed two more cases of the new mpox variant, clade Ib