Tag: 13 percent derivation fund
-
Analysis: Between Gov. Wike’s half-truth and FG’s 13% derivation refund to states
The payment of 13 per cent oil derivation fund to nine states has thrown up controversies and set some state governors at loggerheads. The derivation fund is a monthly sum guaranteed under section 162, sub-section two of the Nigerian Constitution for oil-producing states, to them tackle environmental pollution and degradation, provide basic amenities and infrastructure…