13% Derivation: Eight states receive 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 to a report published by ACIOE Associates. The report, obtained, 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