Akwa Ibom, Delta Get Largest Share Of Refunds To Oil-Producing States

It has been revealed that Akwa-Ibom State was the largest share, with N128 billion, out of a total of N625.43 billion 13 per cent oil derivation, subsidy and SURE-P refunds to oil-producing states from the Federation Account between 2021 and 2022.

Akwa Ibom was followed by Delta State that received N110 billion.

Garba Shehu, a presidential spokesperson, disclosed this in a statement issued on Friday.

He said the date of the refund was from 1999 to 2021 and it went to the nine oil-producing states.

Recall that Governor Nyesom Wike of Rivers State had hailed President Muhammadu Buhari for releasing the 13 per cent oil derivation to the Niger delta States, challenging his governor colleagues in those states to explain how they used theirs.

According to him, he spent Rivers State portion on multi-billion projects. 

Shehu’s statement read in part, “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 an outstanding sum of N2.8 billion, Akwa-Ibom received N128 billion with an 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 statement explained that States were further paid in eight instalments between the months of October and January 2022.

“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.” 

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: