https://www.youtube.com/watch?v=_NO1selCiGM

STATE HOUSE PRESS RELEASE

OIL DERIVATION, SUBSIDY AND SURE-P REFUNDS: NINE OIL PRODUCING STATES RECEIVE N625.43 BILLION IN TWO YEARS; N1.1 TRN STILL OUTSTANDING

Nine oil-producing states received a total of N625.43 billion 13 percent oil derivation, subsidy and SURE-P refunds from the Federation Account in the last two years, 2021-2022.

The states that received the refunds dating from 1999 to 2021 are Abia, Akwa-Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo and Rivers.

Data obtained from the Federation Account Department, Office of the Accountant General of the Federation, show that a total of N477.2 billion was released to the nine states as refund of the 13 percent derivation fund on withdrawal from Excess Crude Account (ECA) without deducting derivation from 2004 to 2019, leaving an outstanding balance of N287.04 billion.

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 benefitting States still have an outstanding balance of N860.59 billion windfall from the refunds, which was approved by President Muhammadu Buhari.

According to the figures, 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 while Rivers State was paid 103.6 billion, with an outstanding balance of N62.3 billion.

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

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.

Under this category, Abia State received N1.1 billion, Akwa-Ibom, N15 billion, Bayelsa, N11.6 billion, Cross River, N432 million, Delta State, N14.8 billion, Edo State, N2.2 billion, Imo State, N2.9, billion, Ondo State, N3.7 billion, and Rivers State, N12.8 billion.

Meanwhile, the benefitting States shared N9.2billion in three instalments in April, August and November 2022 as refunds on the 13 per cent derivation exchange rate differential on withdrawal from the ECA.

The three largest benefitting States were Akwa Ibom (N1.6billion), Delta State (N1.4billion) and Rivers State (N1.32billion).

Similarly, all the nine states received N4.7 billion each, totalling N42.34 billion as refunds on withdrawals for subsidy and SURE-P from 2009 to 2015. The refund, which is for all the states and local government councils, was paid on 10th November, 2022.

The Federation Account also paid N3.52billion each as refund to local government councils on withdrawals for subsidy and SURE-P from 2009 to 2015 on the same date in November.

President Buhari considers it a matter of honour and decency that debts owed to states or anyone for that matter be repaid, and in time without regards to their partisan political affiliations.

The President will continue to render equal service to all the states of the federation and an acknowledgment of this by Governor Nyesom Wike of Rivers State and the others is not out of place.

The refunds to the oil producing states will continue.

Muhammadu Buhari

Ok
The refunds to the oil producing states will continue. Clap for Buhari

Seen. The money is gone.

EFCC is nothing but a political tool. EFCC won't notice the money unless the governors go against the presidency.

EFCC should construct annex in each of the nine Capitals.

We Only Received ₦‎2.1bn As 13% Derivation - Edo State Govt


We Only Received ₦‎14.7bn As 13% Derivation, Says Delta Govt

Tycyborg, Aiel123...... Like I said the other day, the most important election we should be looking at is on March 11, 2023.

I'd think is even better & more comfortable to be a governor in Nigeria than be the president.

Why all attention of the common masses are normally fixed on the man in abuja, their immediate CEO of the state fleece their money without challenge or scrutiny.

The worst part of it is Akwa ibom State.
You will wonder why you see thousands of Akwa ibomites flooding places like Lagos, Abuja, port Harcourt, delta, bayelsa etc.
It's because life is very difficult in Akwa ibom,
We only have governors who only build worship centers, stadiums, 10 lanes, 24 story building and other unnecessary things that will not benefit the people.
Akwa ibom is not what most of you believe it is. As graduates, youths and everyone, we are suffering here. Workers are not paid, no gratuity ,no pension, no job. Only those that enjoy the state are the idiots who collects 20 thousand every week to sing praises to the government.
Udom Emmanuel is a total failure and a big disaster to Akwa ibom, every reasonable Akwa ibomites knows this

make everybody just face his hussle and pray make Baba God pick call one day.... forget Naija leaders na dem dem dey sabi

Delta state even colet money pass River state....


Na why I dey talk even if we have president wey fit du magic all this useless Governors will not allow the magic to work....


Na dem run go court the other day when Buhari Veto LGA and Judiciary the other day.....

Lol

We need restructuring and decentralisation of power in Nigeria

Are you aware the Covid vax has killed millions of people?
Check this banned YouTube channel

In Edo we don’t even see ourselves as an oil producing state


Nobody to ask questions

Aufbauh:
I'd think is even better & more comfortable to be a governor in Nigeria than be the president.

Why all attention of the common masses are normally fixed on the man in abuja, their immediate CEO of the state fierce their money without challenge or scrutiny.

It's pathetic really.

What's delta state using her money for..... Asaba looks like oshodi

And yet nothing to show for it especially Abia State.

Aufbauh:
I'd think is even better & more comfortable to be a governor in Nigeria than be the president.

Why all attention of the common masses are normally fixed on the man in abuja, their immediate CEO of the state fierce their money without challenge or scrutiny.

You are speaking through the prism of corruption, we need good leaders in every aspect of governance, that is why we need to vote in right leaders into office.

If Buhari was leading by example, this governors would have been exposed a long time ago

Bayelsa State, Delta State and Abia State have been unfortunate with worst Governors. Upon all the billions nothing to show for it.

Recently the Governor of Bayelsa was crying fouls because of flooding in his State as if his government is bankrupt.

Na God go punish all of them and their families too. Useless old wicked fools

Where did Buhari see that kind of money to pay these ungrateful governors as refund since PDP administration? I am sure the governors will embezzle the money and not use it judiciously.

okowa the borrow borrow governor

Hmmm

waitin dey sup for this country.
where this money dey go self.
wey everything hard like this ...

Ok

O pari. FG exposing them.

Which dirty oil can you find in Ondo, IMO and Abia?? Nonsense

At least we see Wike Work, what happens to Bayelsa, Akwa Ibom and the giant share holder Delta?

Delta State refunds were instrumental in resolving Atiku’s visa debts. The remaining don enter "ego aria!"

na wa oooo



This is injustice, I should also be on that list.
All the oil, that I have been manufacturing in the creeks for the fvcking government they can't even compensate me.

We will be going to court for this soon.

...

All they know how to do is construct poorly designed flyovers. See as Port Harcourt roads now look narrow and clogged with needless flyovers that have no on-ramps or off-ramps.