Gov. Umo Eno, of Akwa Ibom, has suggested that payment from the 13 per cent derivation fund should be made directly to the oil-producing communities. The governor stated this on Thursday while addressing a cross-section of students at the University…
A report by the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that the South-east zone of Nigeria received the lowest allocation from the 13 percent derivation revenue payment. The 13 percent derivation fund is a fund distributed to oil-producing…
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…
