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Tag "Oil producing states"

N180bn for Delta, Akwa Ibom got N130bn — how six-month N544bn derivation fund was shared

    N180bn for Delta, Akwa Ibom got N130bn — how six-month N544bn derivation fund was shared

The nine oil producing states shared N544.9 billion from the federation account, through the 13 percent derivation formula, in the first half of 2023. National Bureau of Statistics (NBS) data

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

    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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Irabor meets with governors of oil-producing states over insecurity

    Irabor meets with governors of oil-producing states over insecurity

Lucky Irabor, chief of defence staff (CDS), on Friday, held a meeting with governors of oil-producing states to discuss security challenges affecting their jurisdictions. In recent times, there have been

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PDP senator asks RMAFC to list Enugu among oil producing states

    PDP senator asks RMAFC to list Enugu among oil producing states

Chukwuka Utazi, People’s Democratic Party (PDP) senator representing Enugu north senatorial district, has asked the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to declare Enugu as an oil producing state.

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Anambra to benefit from 13% derivation fund as revenue commission approves 11 oil wells

  Anambra to benefit from 13% derivation fund as revenue commission approves 11 oil wells

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has approved the attribution of eleven oil wells wholly to Anambra state.

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