NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January - Politics

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NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January (11827 Views)

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NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by BrandNewsDay: 9:36am On Mar 23, 2021

The sum of N31.83bn was shared among the oil producing states as 13% derivation fund. This is according to the data obtained from the National Bureau of Statistics (NBS) has shown an increase of 1.475% from the sum of N31.39bn disbursed in December 2021.

Federal Government received a total of N218.30bn from the N619.34bn. States received a total of N178.30bn and Local governments received N131.79bn.

Nigerian Oil Producing States - Breakdown

- Delta - 9,330,887,136.39
- Akwa-Ibom - 6,507,090,696.10
- Rivers - 5,720,714,581.10
- Bayelsa - 5,553,504,925.91
- Edo - 1,140,408,957.97
- Ondo - 744,627,044.98
- Imo - 607,886,509.77
- Abia - 324,344,026.70
- Lagos -
Suko Derivation - 548,045,133.99
Exchange Gain Difference - 452,687,524.54
Distribution of ₦ 6.897 Billion from FOREX Equalisation - 896,641,940.72
- Total - 31,826,838,478.17

*Note that since 2016, Lagos state has been officially declared an oil-producing state in Nigeria, however, the state still earns low from the derivation fund.

The Federation Account Allocation Committee (FAAC) disbursed the sum of N619.34bn to the three tiers of government in December 2020 from the revenue generated in January 2021.

The amount disbursed comprised of N437.26bn from the Statutory Account, N3.83bn as Exchange Gain Difference, N6.90bn from Distribution of FOREX Equalisation and N171.36bn from Valued Added Tax (VAT).

Revenue generating agencies such as Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS) and Department of Petroleum Resources (DPR) received N6.99bn, N10.43bn and N6.36bn respectively as cost of revenue collections.

Further breakdown of revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that the sum of N146.33bn was disbursed to the FGN consolidated revenue account; N3.69bn shared as a share of derivation and ecology; N1.85bn as stabilization fund; N6.20bn for the development of natural resources; and N5.22bn to the Federal Capital Territory (FCT) Abuja.

https://brandnewsday.com/2021/03/23/oil-producing-states-in-nigeria-shared-n31-83bn-in-jan-2021-nbs/

1 Like

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by internationalman(m): 9:43am On Mar 23, 2021

It's hard to believe that Edo is an oil producing state...

Maybe it's condemn oil we are producing

35 Likes 4 Shares

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by ckmayoca: 10:17am On Mar 23, 2021

Free money for the governors

7 Likes 1 Share

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by SpecialAdviser(m): 10:18am On Mar 23, 2021

Enugu would become London if it gets the kind allocation Rivers get.

Sullivan Chime really did well in Enugu state.
Ugwuanyi is also trying.

25 Likes 1 Share

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by shiki(m): 10:23am On Mar 23, 2021

our OYEL is our OYEL
Fed Govt take note ooo

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by Prodigee: 10:24am On Mar 23, 2021

Una just they share money wey no go reach the common man!

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by blazepascal(m): 10:24am On Mar 23, 2021

the way this moderator they carry topic go front page eeh. he/ she. no dey relent

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by GeneralPula: 10:24am On Mar 23, 2021

Hope they’re all using the money well..

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by Nobody: 10:24am On Mar 23, 2021

Somebody insulted me here three days ago here on nairaland when I said we should hold our government accountable.

16 Likes

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by sotall(m): 10:25am On Mar 23, 2021

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by Signum(f): 10:25am On Mar 23, 2021

SpecialAdviser:
Enugu would become London if it gets the kind allocation Rivers get.

Sullivan Chime really did well in Enugu state.
Ugwuanyi is also trying.

Ugwuanyi is not trying anything.

29 Likes 3 Shares

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by chamboy(m): 10:25am On Mar 23, 2021

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by Cooldiipo(m): 10:25am On Mar 23, 2021

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by slawormiir: 10:25am On Mar 23, 2021

Damnnn niggarrrr
Isoright ....
And still them nor dey use the money do better things

internationalman:
It's hard to believe that Edo is an oil producing state...

Maybe it's condemn oil we are producing

You are not a real niggarr...
And you know nothing about Edo state

3 Likes 1 Share

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by MANNABBQGRILLS: 10:26am On Mar 23, 2021

All this is apart of the 750 Million Naira security votes for each states. With tens of millions going to each Local Government Chairman, talking about security issue alone.

Y'all should keep shouting Buhari Upandan while your governors, local government chairmen, councilors continue looting your lives and the lives of your unborn kids right in front of you

Truth is not bitter, just that people are bitter to the truth.

Nuff said!

21 Likes 5 Shares

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by cuba62(m): 10:27am On Mar 23, 2021

And you will think states like Delta will be far ahead but of course, the black man will never disappoint. See James Ibori and his cohorts.

31 Likes

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by newdawnlive: 10:27am On Mar 23, 2021

why igbo always make mouth when it comes to oil, ondo state produce more than the 2 state in the region combine together.

19 Likes

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by SmartPolician: 10:28am On Mar 23, 2021

It's official: Akwa Ibom State has successfully kicked out Cross River State as an oil producer by claiming all their oil-bearing lands. grin

For those who don't know, Niger Delta States are 8 in all (Akwa Ibom, Rivers, Delta, Bayelsa, Edo, Ondo, Imo and Abia). Next time, don't display your stupidity by asking if Imo and Abia States have crude oil.

BTW, what are these governors doing with all this money? undecided

25 Likes

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by Vaughanlanrewaj: 10:28am On Mar 23, 2021

BrandNewsDay:

https://brandnewsday.com/2021/03/23/oil-producing-states-in-nigeria-shared-n31-83bn-in-jan-2021-nbs/

Yet they top the list of states with the worst unemployment rate,behind Ebonyi, Ekiti, Yobe et al
https://www.premiumtimesng.com/news/headlines/449161-unemployment-imo-akwa-ibom-rivers-still-nigerias-worst-cases.html

This is why I am 100% convinced that Nigeria does not need any political restructuring. It is for the people to bring their best to the table and engage these leaders to give quality leadership. Delta State has gone through 4 transitions from Western region to Mid-west to Bendel and now Delta state yet it is still backward in terms of quality leadership and followership! This is the same state that went to court to deny that money was stolen from it by HE Chief Ibori yet the citizens, even Mr Keyamo, Sen Omo-Agege etc kept quiet and did not challenge this in court. Visit www.freestuffsng.com for latest free stuffs in Nigeria.

3 Likes

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by Seniorwriter(m): 10:28am On Mar 23, 2021

Meager compared to what our SENATORS share yearly!!!

Proactivity Leads To Productivity!!!!
@Seniorwriter

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by SpecialAdviser(m): 10:29am On Mar 23, 2021

Signum:

Ugwuanyi is not trying anything.

Why? He definitely messes up in some areas but why do you think he is not trying?

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by donwily(m): 10:30am On Mar 23, 2021

Imagine Ebonyi state receiving these funds.

Dave would have turned the state to London.

But thank God for wisdom ....
Poor state, great achievements
To God be the glory

4 Likes 1 Share

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by aleeyus(m): 10:30am On Mar 23, 2021

no Northern state yet north get beta roads y ?

1 Like

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by signz: 10:31am On Mar 23, 2021

SpecialAdviser:
Enugu would become London if it gets the kind allocation Rivers get.

Sullivan Chime really did well in Enugu state.
Ugwuanyi is also trying.

2 Likes

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by mkoabiola: 10:31am On Mar 23, 2021

Just to share money FROM Abj every month

No meaning ful development in all d states.

They care not

2 Likes

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by Enudapan: 10:32am On Mar 23, 2021

Nah eh! No qualms
This is so unsophisticated

Another cashout for the governors

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by oyeb15: 10:32am On Mar 23, 2021

Only one town produce oil in Imo state and they don't speak Igbo.
Those who created states and boundaries intentionally made some selfish decisions.

6 Likes

Re: NBS: Oil Producing States In Nigeria Shared ₦31.83 Billion In January by wwwihy: 10:35am On Mar 23, 2021

No qualms

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