Akwa Ibom State Governor, Udom Emmanuel has expressed that the five per cent on oil derivation demanded by Southern Governors is not too much, “considering the devastating effects on members of our communities”.
The governor stated this while fielding questions from newsmen in Minna on Saturday.
“The current three per cent is too little, considering the risks and hazards members of oil producing areas are subjected to.
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“The fishermen can no longer earn a living because of oil spillage while the farmers cannot farm. There are numerous other challenges confronting members of oil communities,” he said.
On the Petroleum Industry Bill, he pointed out that members of the National Assembly had performed their duties and that the Southern Governors could not take away their functions.
He, however, pointed out that more resources were required to assist oil producing communities.