The nine oil-producing states 13 per cent derivative from oil and gas revenue, rose to about N85bn in February 2024 up from the N58bn in January...
Oil-producing states in Nigeria received a total of N1.5 trillion as 13 percent derivation funds between 2021 and 2022. Data released by the Federal Account Allocation...
The Bayelsa State Governor, Douye Diri, on Friday described the Petroleum Industry Act (PIA) as another ploy by the Federal Government to undermine the oil-producing states...
Seven Northern states and one Southern state have been declared bankrupt based on their internally generated revenue in comparison with their Federal Accounts Allocation (FAA). Jigawa,...
While Bauchi and Gombe continue to wait for recognition as oil-producing states, Delta, Akwa-Ibom, Bayelsa, Rivers, Edo, Ondo, Imo, Abia, and Lagos have welcomed a new...
Governor Godwin Obaseki of Edo has called for the upward review of the current 13 per cent derivation formula to oil-producing states. Obaseki made the call...
Over N6.589 trillion was received by eight oil-producing states from the Federation Account under the 13 percent derivation principle, between 2009 and 2019 according to a...
Delta State Governor, Ifeanyi Okowa, said on Sunday oil-producing states deserved more than 13 percent derivation from the Federation Account. He also urged the Federal Government...
The Senate has rejected a motion by the senator representing Kogi East Senatorial District, Isaac Alfa, seeking to recognize Kogi as an oil producing state. The...
Despite claims of neglect and abandonment, investigation has revealed that governments of oil-producing states in Nigeria had over the years, failed to utilize the resources provided...
Lagos State has officially joined the list of oil producing states in the country, as the federal government has said that four of the five oil...
