In Two Years, Nine Oil Producing States’ Debts Skyrocket Despite N1.88trn Derivation Fund
Despite receiving N1.885 trillion from the 13 per cent oil derivation fund in two years, the nine oil-producing states’ debts as a result of loans taken from local and foreign lenders have...
Eight Oil-producing States Received N6trn In 11 Years — Report
Eight oil-producing states received N6.589 trillion from the Federation Account under the 13 per cent derivation principle, between 2009 and 2019, with little or no impact on the lives of citizens of the states, according...
Federation Account: How FG, States, LGcs Shared N7.8tr in 2019
… FG Received N3.38tr, States/LGCs Got N4.41tr
...Highest Allocations: Delta N282bn, Lagos N270bn, Kano N181bn
...Lowest Allocations: Ekiti, Nasarawa, Ebonyi Received less than N80bn each
A new report by the Economic Confidential has disclosed that the Federal...
