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Sabah could earn as much as RM2.4 billion if the federal government agrees to make cash payments equivalent to 15% of royalties, says the opposition.
KOTA KINABALU: Former Sabah chief minister Yong Teck Lee believes a people-power movement can be an effective way for petroleum-producing states such as Sabah, Sarawak and Terengganu to get more royalty payments for the commodity.
He said such a movement could pressure elected representatives to push for these states to
receive 20% of oil royalties. Currently, the states receive only 5%.
receive 20% of oil royalties. Currently, the states receive only 5%.
