Tag: Derivation Fund
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13% derivation fund: We only received N2.1bn – Edo govt
Edo Government on Wednesday said that it received N2.1 billion from the 13 per cent derivation fund paid by the Federal Government to oil-producing states. The state Commissioner for Finance, Budget, and Economic Planning, Joseph Eboigbe was reacting to the statement by Rivers Governor Nyesome Wike that Edo received N28 billion. Speaking to newsmen in…
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Boost for Soludo as Anambra receives maiden 13% derivation fund
Governor Charles Soludo should have every cause to smile as the state receives its first 13percent derivation from Federal Government. This development has settled the prolonged controversy about oil yielding/producing status of Anambra State has at last now laid to rest permanently.
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Exclude 13 per cent derivation fund from $1b ECA deduction, Dickson tells Buhari
Governor Seriake Dickson of Bayelsa State has requested the Federal Government to exclude the 13 percent derivation funds accruable to oil producing states from the one billion Dollars to be deducted from the Excess Crude Account for national security. The governor demanded that the 13 percent Derivation component of the one billion Dollars be deducted…