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Derivation Fund Okocha Advocates 50%
Former President of the Nigerian Bar Association (NBA), Barrister OC.J Okocha (SAN) has advocated for an increase in derivation fund from 13 to 50 per cent to all oil producing communities in the Niger Delta.
Okocha made the call, while answering questions at The Tide Roundtable, a weekly personality interview forum organised by the Rivers State Newspaper Corporation.
The Senior Advocate of Nigeria said the present derivation principle falls short of the yearning of the people and called for the adoption of fiscal federalism in the country.
He said that the introduction of fiscal federalism would check the agitation for the creation of more states in the country.
Chief Okocha also urged for a radical reform of the Electoral Act to provide for the Independent National Electoral Commission (INEC).
According to him, events in the country had shown that INEC was incapable of conducting free, fair elections in the country.
Speaking on the new version of the petroleum Bill before the National Assembly, the former NBA president said that the bill meant well for the country, adding that the problem lies with its implementation.
He also commended the state Governor, Rt Hon Chibuike Rotimi Amaechi for the several developmental projects in the state, and urged for the constitution of a monitoring team for the projects.
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RSG INAUGURATES ARMED FORCES REMEMBRANCE DAY COMMITTEE
The Rivers State Government has inaugurated a Central Planning Committee to organize the celebration of the 2026 Armed Forces Remembrance Day (AFRD) in the State.
The committee was formally inaugurated by the Secretary to the State Government, Dr. Benibo Anabraba in Port Harcourt, last Thursday.
Dr Anabraba who also serves as Chairman of the Committee
highlighted the State Government’s deep appreciation for the sacrifices of Nigeria’s fallen heroes who laid down their lives for the nation’s peace and unity.
“These heroes have given their lives for the security and peace of our nation and deserve to be celebrated. The Armed Forces Remembrance Day is an opportunity to show our gratitude for their sacrifice,” he said.
Dr. Anabraba further extended recognition to all Security Agencies in the State, emphasizing the importance of the event in appreciating their contributions to national security and sovereignty.
The annual Armed Forces Remembrance Day, observed on January 15 across the country is dedicated to remember Nigeria’s departed soldiers and honouring the nation’s veterans.
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