autonomy

Restructuring: Derivation or Ownership

“Restructuring”; its meaning is debatable, and for many, it is about oil, resource control. Surprisingly, many see resource control as the receipt of an increased top-up percentage of “derivation” by oil-producing states from oil revenues issued by the federal government (FG) as fiscal allocations. Where is the control in receiving a token part of the revenues from resources mined under your jurisdiction? The practice of derivation, no matter the percentage, is not reducible to restructuring. (more…)