ADVERTISEMENT

BREAKING: Akwa Ibom, Delta get largest share of Niger Delta oil refunds

Shehu revealed that the nine oil-producing states got a total of N625.43 billion...

President Muhammadu Buhari with Governors of Akwa Ibom state, Emmanuel Udom and Delta state's, Patrick Okowa. [Twitter/@BashirAhmaad]

The Presidency has released more details of oil derivation refunds made to the states on Friday, December 02, 2022.

About the refund: The need for a refund came amidst growing discontent in Niger Delta states that some government officials had misused the oil derivation refunds in the region,

Big reveal: The details provided by the Presidency show that Akwa Ibom and Delta States received the largest refunds from the federal government.

Garba Shehu, the presidential spokesperson, disclosed this in a statement made available to newsmen.

ADVERTISEMENT

How much derivation was released: Shehu revealed that the nine oil-producing states got a total of N625.43 billion, 13 per cent oil derivation, subsidy and SURE-P refunds from the Federation Account between 2021 and 2022.

He said the date of the refund was from 1999 to 2021.

How much each state got: “According to the figures, under the 13 per cent derivation fund on withdrawal from ECA without deducting derivation from 2004 to 2019, Abia State received N4.8 billion with an outstanding sum of N2.8 billion, Akwa-Ibom received N128 billion with an outstanding sum of N77 billion, Bayelsa with N92.2bn, leaving an outstanding of N55 billion.

“Cross River got a refund N1.3 billion with a balance N792 million, Delta State received N110 billion, leaving a balance of N66.2 billion, Edo State received N11.3billion, with a balance of N6.8billion, Imo State, N5.5 billion, with an outstanding sum of N3.3 billion, Ondo State, N19.4 billion with an outstanding sum of N11.7bn while Rivers State was paid 103.6 billion, with an outstanding balance of N62.3 billion.”

How they were paid: The statement indicated that States were further paid in eight instalments between the months of October and January 2022.

ADVERTISEMENT

“Under this category, Abia State received N1.1 billion, Akwa-Ibom, N15 billion, Bayelsa, N11.6 billion, Cross River, N432 million, Delta State, N14.8 billion, Edo State, N2.2 billion, Imo State, N2.9, billion, Ondo State, N3.7 billion, and Rivers State, N12.8 billion,” it said.

What you should know: Recall that Governor Nyesom Wike of Rivers State had showered praise on President Muhammadu Buhari for releasing the 13 per cent oil derivation to the Niger delta States.

What Wike did with his funds: Wike further said he spent the funds on multi-billion projects in his State, challenging his colleagues to explain how they used theirs.

Following the revelations by Wike, many Nigerians raised questions about how governors from the oil-producing states utilised the funds in their respective states.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Residents send SOS to Lagos govt over poor drainage, flooding

Residents send SOS to Lagos govt over poor drainage, flooding

Tinubu salutes fathers for sacrifice, resilience in shaping nation’s future

Tinubu salutes fathers for sacrifice, resilience in shaping nation’s future

Stay away from Kogi or pay the price - Ododo warns criminals

Stay away from Kogi or pay the price - Ododo warns criminals

NDLEA bursts drug warehouse, seizes ₦4.7b worth of cocaine and meth

NDLEA bursts drug warehouse, seizes ₦4.7b worth of cocaine and meth

Nigeria’s Okere wins international astronomical union’s award

Nigeria’s Okere wins international astronomical union’s award

Being a very good citizen comes with responsibility - Tinubu tells Nigerians

Being a very good citizen comes with responsibility - Tinubu tells Nigerians

Eid al-Adha - Ado Bayero told to forgive his enemies

Eid al-Adha - Ado Bayero told to forgive his enemies

VIDEO: You’re not from the royal family - Oba of Benin clears Olumide Akpata

VIDEO: You’re not from the royal family - Oba of Benin clears Olumide Akpata

Police happy with peaceful conduct of Eid prayers in Kano

Police happy with peaceful conduct of Eid prayers in Kano

Pulse Sports

Victor Osimhen's future in the balance: Premier League or Saudi Pro League?

Victor Osimhen's future in the balance: Premier League or Saudi Pro League?

FIFA Rankings: Nigeria ahead of Ghana& South Africa, remain best team in the continent

FIFA Rankings: Nigeria ahead of Ghana& South Africa, remain best team in the continent

'Sack him now' - Reactions as Finidi George fails to inspire Super Eagles against Benin

'Sack him now' - Reactions as Finidi George fails to inspire Super Eagles against Benin

All for women? Gabby Thomas and other female athletes accused of poor sportsmanship to Thompson-Herah

All for women? Gabby Thomas and other female athletes accused of poor sportsmanship to Thompson-Herah

Super Eagles: Nigeria are becoming World Cup qualifying no-hopers

Super Eagles: Nigeria are becoming World Cup qualifying no-hopers

NPFL Standings: What the latest title race twist means after the abandoned Rangers vs Enyimba derby

NPFL Standings: What the latest title race twist means after the abandoned Rangers vs Enyimba derby

ADVERTISEMENT
ADVERTISEMENT