Former President Olusegun Obasanjo says Nigeria should increase the 13% derivation currently allocated to oil-producing states. He presents the existing figure as a “starting point” that can be negotiated further, arguing it does not deliver a fair deal for communities bearing the impacts of oil production.
The remarks are made in connection with the inauguration of a refinery in Bayelsa, according to one outlet. Another report frames Obasanjo’s position as support for broader agitation over what he and others describe as “oil injustice,” with the derivation formula seen as central to addressing grievances. Different sources emphasize either the fairness of the current derivation rate or the refinery context, but all describe the same core call: revisiting the percentage derivation to provide oil states with more resources.
