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The 17 governors, in a communiqué signed by the Governor of Ondo State, Oluwarotimi Akeredolu, at end of their July meeting in Alausa, Ikeja, Lagos, said, “The Forum rejects the proposed 3% and support the 5% share of the oil revenue to the host community as recommended by the House of Representatives;
“The forum rejects the ownership structure of the proposed Nigeria National Petroleum Company Limited. The Forum disagrees that the company be vested in the Federal Ministry of Finance but should be held in trust by Nigeria Sovereign Investment Authority since all tiers of Government have stakes in that vehicle.”
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