The presidency says nine oil-producing states received a total of N625.43 billion as 13 percent oil derivation, subsidy and SURE-P refunds from the federation account between 2021 and 2022. Garba
Tag "13% derivation fund"
Douye Diri, governor of Bayelsa, says the state has received refunds of arrears of 13 percent of oil derivation proceeds from the federal government. Daniel Alabra, chief press secretary of
The Anambra government says it received N268.2 million as its first share of the 13 percent derivation fund. Ifeatu Onejeme, the state commissioner for finance, said this in a statement
Eight oil-producing states in Nigeria received N144.31 billion from the federation account in the first quarter of 2022. The amount is a statutory allocation of the 13 percent derivation formula
The federation account allocation committee (FAAC) says it shared N725.57 billion with the federal government, states and local governments for
A total sum of N739.965 billion has been shared by the three tiers of government as revenue from the federation
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has approved the attribution of Oda River oil well- 1 wholly to
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