13% oil derivatives Archives

FAAC: FG, states, LGAs shared N1.1trn in March — down by N30bn

The federation account allocation committee (FAAC) says the three tiers of government shared N1.12 trillion in March 2024. The figure represents a decrease of N30 billion compared to the N1.15

13% derivation: We’ve only received N44.7bn out of N240bn, says Delta

The Delta government says it has only accessed N44.7 billion out of the N240 billion due to it from the 13 percent derivation fund owed by the federal government. Fidelis

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13% derivation: Nine oil-producing states shared N450bn in 2021

The nine oil-producing states in Nigeria shared N450.60 billion from the federation account through the 13 percent derivation formula in 2021. Data from the National Bureau of Statistics (NBS) showed

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