Tevel

World news, in Hebrew and English

Former Nigerian President Obasanjo Backs Review of Oil Revenue Sharing

Former Nigerian President Olusegun Obasanjo has voiced support for increasing the Niger Delta's share of oil revenues amid ongoing scrutiny over local fund management.


Olusegun Obasanjo in Brasília, 2005
Olusegun Obasanjo in Brasília, 2005 · Photo: José Cruz/ABr · CC BY 3.0 br · Wikimedia Commons

Former Nigerian President Olusegun Obasanjo and Bayelsa State Governor Douye Diri have renewed calls to increase the share of oil revenues allocated to the Niger Delta, outlets Premium Times and UA.NEWS reported.

According to the reports, Obasanjo's backing for a review of revenue distribution aligns with longstanding regional demands for greater resource control. Alongside calls for increased funding, Premium Times noted mounting public scrutiny over how governors across the oil-rich region have utilized billions already received, sharpening concerns over accountability and financial transparency.

Further details have not yet been released.

Sources: UA.NEWS, Premium Times

Generated automatically by the Tevel desk and labelled as such.