Investor Presentaiton

HIGHLIGHTED ISSUES VACIOE ASSOCIATES Our review of the utilisation of the 13 per cent derivation funds allocated to the Niger Delta States, in accordance with Section 162 (2) of the Constitution, revealed that the utilisation process of the utilisation funds in these states is plagued by a number of issues, which diminish the impact of the 13 per cent derivation funds in the Niger Delta. These issues include: Discretionary Transfers Lack of Consultation with Recipient Communities; Local Dutch Effect Poor Governance Structures: Corruption, Poor Project Quality, Lack of Project Maintenance, Lack of Transparency and Accountability.

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