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Vice President, Yemi Osinbajo has revealed that the Federal Government will make sure that the critical projects it has embarked upon in the Niger Delta
VP highlights Niger Delta's diverse human capital, cites progress of FG's New Vision initiative for the region In furtherance of its New Vision development
…Clarify Derivation Act to stop mismanagement, FG told
By Michael Eboh
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 to a report published by ACIOE Associates.
The report, obtained yesterday, following its release, at a webinar in Abuja, to key officers of the National Assembly and aides to the president and minister of Niger Delta Affairs, listed the states as Abia, Akwa-Ibom, Bayelsa, Delta, Edo, Imo, Ondo and Rivers.
In the report titled: ‘Impact of the 13% Derivation Fund in the Niger Delta’, ACIOE Associates stated that in the 11-year period, Abia, Akwa Ibom, Bayelsa, Delta, and Edo states received N55.87 billion, N1.33 trillion, N1.388 trillion, N1.16 trillion and N118.85 billion respectively, while Imo, Ondo and Rivers States received N1.28 trillion, N189.277 billion and N1.057 trillion respect