Presidency Gives Details On How Much Each Of 9 Oil Producing States Got From N625 Billion

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The Presidency has given the details on how much each of the nine oil producing states in the South-South received from the N625.43 billion 13 percent oil derivation, subsidy and SURE-P refunds from the Federation Account in the last two years.

A statement by the senior special assistant to President Muhammadu Buhari on media and publicity, Malam Garba Shehu, said that the nine states are Abia, Akwa-Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo and Rivers.

According to the statement, 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 outstanding sum of N2.8 billion

Akwa-Ibom received N128 billion with 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

Rivers State was paid 103.6 billion, with an outstanding balance of N62.3 billion.

The statement said that the States also got N64.8 billion as refund of the 13 per cent derivation fund on deductions made by NNPC without payment of derivation to Oil Producing States from 1999 to December.

The statement said that the states were paid in eight instalments between October 2, 2021 and January 11, 2022, while the ninth to twelfth installments are still outstanding.

It said that on the 13 per cent derivation fund on deductions made by NNPC without payment of derivation, the nine oil producing States were paid in three instalments this year, with the remaining 17 instalments outstanding