When put to vote, a greater number of lawmakers voted against the motion.

There are currently a total of eight oil-producing states who receive a 13% derivation fund from the Federal Government.

The derivation fund is paid to the states monthly to assist their oil-producing communities in tackling environmental pollution and degradation, provision of basic amenities like healthcare, potable water and paved roads, and economic empowerment of the community people.

Earlier in another development, the House of Representatives had stepped down committee report on Petroleum Industry Bill after an hour-long closed-door session.

Lawmakers from the South-South had opposed the harmonised PIB allocation to host communities which was pegged at three per cent.

The host community allocation was one of the clauses left in consideration after the National Assembly passed the PIB earlier this month.

The PIB is expected to transform Nigeria’s oil industry.