The Arewa Consultative Forum on Friday called for a review of the formula for the sharing of oil proceeds derived from offshore activities.
A statement issued in Kaduna by its National Publicity Secretary, Muhammad Ibrahim, and made available to the News Agency of Nigeria, said the onshore/offshore dichotomy must be revisited to ensure that states were not shortchanged.
It opposed the continued inclusion of the proceeds from offshore activities into monies shared to oil producing states, saying it was wrong.
It argued that proceeds from offshore activities were neither from the “efforts of the states or any host communities, nor caused any degradation of the environment”.
The statement further said continuing with the present arrangement would have negative consequences to the economic well being of non oil producing states.
The statement by Ibrahim added: “ACF is however not opposed to the principle of derivation that will compensate for the environmental degradation due to any exploration, or to reward efforts.
“ACF, therefore, calls for the review of the current situation to allow for the proceeds from offshore activities to be shared to all the states.”
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