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Akwa-Ibom, Abia, Bayelsa, others got 625bn oil derivation funds — FG

 

 

The Federal Government has published the nine oil-producing states that are beneficiaries of the disbursed N625.43 billion 13% oil derivation fund in 2021 and 2022 according to a press release by the Senior Special Assistant to the President, Garba Shehu on Friday.

In the statement, the states that benefitted from the derivation fund as published by the FG are Abia, Akwa-Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo and Rivers.

The publication was hinged on the controversy among Niger Delta governors that claimed they did not receive the 13% derivation fund following Rivers State Governor, Nyesom Wike’s commendation of President Muhammadu Buhari.

The states that received the refunds dating from 1999 to 2021 are Abia, Akwa-Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo and Rivers.

The benefitting States still have an outstanding balance of N860.59 billion windfall from the refunds, which was approved by President Muhammadu Buhari.



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