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How Edo Received N18.2b, Delta N129.5b Oil Derivation Refund 2021-2022 - FG ~ OsazuwaAkonedo ###Muhammadu ##Obaseki #2022 #Abia #Accountant #Adams #Buhari #Delta #Derivation #edo #Godwin #government #Ifeanyi #Imo #Nyesom #Oil #Okowa #Ondo #OsazuwaAkonedo #Oshiomhole

How Edo Received N18.2b, Delta N129.5b Oil Derivation Refund 2021-2022 – FG

Posted on December 3, 2022December 3, 2022 By OsazuwaAkonedo No Comments on How Edo Received N18.2b, Delta N129.5b Oil Derivation Refund 2021-2022 – FG
Economy, news, Politics, World News

By Garba Shehu


Nine oil-producing states received a total of 625.43 billion naira 13 percent oil derivation, subsidy and SURE-P refunds from the Federation Account in the last two years, 2021-2022.

The states that received the refunds dating from 1999 to 2021 are Abia, Akwa-Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo and Rivers.

Data obtained from the Federation Account Department, Office of the Accountant General of the Federation, show that a total of 477.2 billion naira was released to the nine states as refund of the 13 percent derivation fund on withdrawal from Excess Crude Account (ECA) without deducting derivation from 2004 to 2019, leaving an outstanding balance of 287.04 billion naira.

The States also got 64.8 billion naira as refund of the 13 per cent derivation fund on deductions made by NNPC without payment of derivation to Oil Producing States from 1999 to December.

The benefitting States still have an outstanding balance of 860.59 billion naira windfall from the refunds, which was approved by President Muhammadu Buhari.

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 4.8 billion naira with outstanding sum of 2.8 billion naira, Akwa-Ibom received 128 billion naira with outstanding sum of 77 billion naira, Bayelsa with 92.2 billion naira, leaving an outstanding of 55 billion naira.

Cross River got a refund 1.3 billion naira with a balance 792 million naira, Delta State received 110 billion naira, leaving a balance of 66.2 billion naira, Edo State received 11.3 billion naira, with a balance of 6.8billion naira, Imo State, 5.5 billion naira, with an outstanding sum of 3.3 billion naira, Ondo State, 19.4 billion naira with an outstanding sum of 11.7 billion naira while Rivers State was paid 103.6 billion, with an outstanding balance of 62.3 billion naira.

The States were paid in eight instalments between October 2, 2021 and January 11, 2022, while the ninth to twelfth instalments are still outstanding.

On the 13 per cent derivation fund on deductions made by NNPC without payment of derivation, the nine oil producing States were paid in three instalments this year, with the remaining 17 instalments outstanding.

Under this category, Abia State received 1.1 billion naira, Akwa-Ibom, 15 billion naira, Bayelsa, 11.6 billion naira, Cross River, 432 million naira, Delta State, 14.8 billion naira, Edo State, 2.2 billion naira, Imo State, 2.9, billion naira, Ondo State, 3.7 billion naira, and Rivers State, 12.8 billion naira.

Meanwhile, the benefitting States shared 9.2 billion naira in three instalments in April, August and November 2022 as refunds on the 13 per cent derivation exchange rate differential on withdrawal from the ECA.

The three largest benefitting States were Akwa Ibom (1.6 billion naira), Delta State (1.4 billion naira) and Rivers State (1.32 billion naira).

Similarly, all the nine states received 4.7 billion naira each, totalling 42.34 billion naira as refunds on withdrawals for subsidy and SURE-P from 2009 to 2015. The refund, which is for all the states and local government councils, was paid on 10th November, 2022.

The Federation Account also paid 3.52 billion naira each as refund to local government councils on withdrawals for subsidy and SURE-P from 2009 to 2015 on the same date in November.

President Buhari considers it a matter of honour and decency that debts owed to states or anyone for that matter be repaid, and in time without regards to their partisan political affiliations.

The President will continue to render equal service to all the states of the federation and an acknowledgment of this by Governor Nyesom Wike of Rivers State and the others is not out of place.

The refunds to the oil producing states will continue.

@views exclusive rights: Garba Shehu, Senior Special Assistant to the President, Media and Publicity, December 2, 2022.

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Finally Lionel Messi Lifts The Trophy ~ OsazuwaAkonedo #Argentina #Cup #Deschamps #Didier #FIFA #France #Lionel #Lusail #Messi #OsazuwaAkonedo #Qatar #World Finally Lionel Messi Lifts The Trophy December 18, 2022 10:18pm

ENTERTAINMENT

We Can't Wait For DPP, Police Speaks As Lagos Govt Delays Seun Kuti's Trial ~ OsazuwaAkonedo #Seun #Anikulapo #Babajide #Cyril #DPP #Ejiofor #Falana #Fela #Femi #Kuti #Lagos #Olu #OsazuwaAkonedo #Police #Sanwo We Can’t Wait For DPP, Police Speaks As Lagos Govt Delays Seun Kuti’s Trial May 24, 2023 9:02pm
Family Jubilates As Seun Kuti Leaves Police Custody ~ OsazuwaAkonedo #Seun #Anikulapo #Fela #Kuti #OsazuwaAkonedo #SCIID Family Jubilates As Seun Kuti Leaves Police Custody May 24, 2023 10:27am
Fela Son, Seun Kuti Now Leads Prayers Inside Police Custody, Pays ₦25k To Avoid Drilling ~ OsazuwaAkonedo #Seun #Anikulapo #custody, #drilling #entertainment #Fela #Kuti #OsazuwaAkonedo #Panti #prayers #SCIID #security Fela Son, Seun Kuti Now Leads Prayers Inside Police Custody, Pays ₦25k To Avoid Drilling May 20, 2023 7:06pm
Hilda Baci 4 Days Nonstop Cooking World Record Shows: Nigerian Resilient Spirit - Obi, Nigerian Can-Do Attitude - Tinubu, Uniqueness In Nigerian Food - Buhari ~ OsazuwaAkonedo #Ahmed #attitude #Baci #Bassey #Bola #breaking #Buhari #cooking #Effiong #entertainment #Guinness #Hilda #Indian #job #Lata #Muhammadu #Nigerian #nonstop #Obi #OsazuwaAkonedo Hilda Baci 4 Days Nonstop Cooking World Record Shows: Nigerian Resilient Spirit – Obi, Nigerian Can-Do Attitude – Tinubu, Uniqueness In Nigerian Food – Buhari May 15, 2023 5:21pm
Fela Son, Seun Kuti Now In Our Custody - Police ~ OsazuwaAkonedo #Seun #breaking #custody, #entertainment #Falana #Fela #job #Kuti #Nigeria #OsazuwaAkonedo #Police #security Fela Son, Seun Kuti Now In Our Custody – Police May 15, 2023 12:23pm
Seun Kuti: A 'Mad' Son From A 'Mad' Marriage - Charles Awuzie ~ OsazuwaAkonedo #Seun #‘mad’ #Awuzie #Charles #entertainment #Fela #Igp #job #Kuti #Marriage #Nigeria #OsazuwaAkonedo #Police #security Seun Kuti: A ‘Mad’ Son From A ‘Mad’ Marriage – Charles Awuzie May 14, 2023 3:25pm
My Wife Deserves Everything On Earth - David Ugolor ~ OsazuwaAkonedo #ANEEJ #columns #David #deserves #entertainment #everything #job #Ngozi #OsazuwaAkonedo #Ugolor My Wife Deserves Everything On Earth – David Ugolor May 14, 2023 9:14am
Mercy Johnson Loses Dad ~ OsazuwaAkonedo #Ametuo #breaking #Daniel #entertainment #Johnson #Mercy #Nollywood #Okojie #OsazuwaAkonedo Mercy Johnson Loses Dad May 5, 2023 2:51pm

LIFE

Death Toll Rises More Than 288 In Indian Train Multiple Collision ~ OsazuwaAkonedo #Balasore #Indian #Odisha #OsazuwaAkonedo #Train Death Toll Rises More Than 288 In Indian Train Multiple Collision June 3, 2023 1:47pm
Unknown Gunmen: How Access Bank Chief Security Officer Saves Customers, Other Staff Lives In Ihiala ~ OsazuwaAkonedo #Access #Bank #breaking #customers, #Gunmen #Ihiala #Nigeria #Officer #Okija #OsazuwaAkonedo #security #Sit-at-home #Unknown Unknown Gunmen: How Access Bank Chief Security Officer Saves Customers, Other Staff Lives In Ihiala May 11, 2023 2:05am
Zelenskyy To Putin: We Are Actively Preparing For New Events In May, June ~ OsazuwaAkonedo #actively #Bakhmut #OsazuwaAkonedo #preparing #Prigozhin #Putin #Russia #Ukraine #Vladimir #Volodymyr #Wagner #Yevgeny #Zelenskyy Zelenskyy To Putin: We Are Actively Preparing For New Events In May, June May 7, 2023 11:39pm
EFCC Office In Enugu On Fire ~ OsazuwaAkonedo #EFCC #Enugu #Fire #OsazuwaAkonedo EFCC Office In Enugu On Fire May 6, 2023 6:55am
"I Don't Need Anything From Bad People" Victim Speaks As UK Court Sentences Ekweremadu, Wife, Doctor To 9, 4, 10 Years Imprisonment ~ OsazuwaAkonedo #“i #Abuja #anything #breaking #David #don’t #Ekweremadu #Enugu #imprisonment #justice #Lagos #London #Medical #Nigeria #Nigerian #Nwamini #OsazuwaAkonedo #people” #Police #sentences “I Don’t Need Anything From Bad People” Victim Speaks As UK Court Sentences Ekweremadu, Wife, Doctor To 9, 4, 10 Years Imprisonment May 5, 2023 5:12pm
Ukraine Drills For Offensive Actions Against Russia As Zelensky Honours 750 More Fighters ~ OsazuwaAkonedo #actions #against #fighters #Honours #Kyiv #offensive #OsazuwaAkonedo #Putin #Russia #security #Ukraine #Vladimir #Volodymyr #Zelensky Ukraine Drills For Offensive Actions Against Russia As Zelensky Honours 750 More Fighters April 29, 2023 9:04pm
Sudan War: Why Nigerian Students Abandoned In Desert Couldn't Enter Egypt - FG ~ OsazuwaAkonedo #abandoned #Aswan #couldn’t #Egypt #FG #job #Khartoum #Nigerian #OsazuwaAkonedo #security #students #Sudan #war Sudan War: Why Nigerian Students Abandoned In Desert Couldn’t Enter Egypt – FG April 29, 2023 5:52am
Death Toll Climbs To 90 In Kenya Church That Believes 'Hunger Only Way To Meet Jesus' ~ OsazuwaAkonedo #‘hunger #believes #breaking #Church #Jesus #Kenya #Mackenzie #OsazuwaAkonedo #Paul #Shakahola Death Toll Climbs To 90 In Kenya Church That Believes ‘Hunger Only Way To Meet Jesus’ April 26, 2023 5:12am

EDITORIAL

If you Can't Vote, Convince One Person To Vote Your Candidate Now ~ OsazuwaAkonedo ##LP ##Obidients #2023Election #Abubakar #Ahmed #APC #Atiku #Atikulates #Bola #breaking #can’t #candidate #columns #convince #economy #editorial #Education #entertainment #Jagaban #newspapers If you Can’t Vote, Convince One Person To Vote Your Candidate Now February 24, 2023 3:25pm
May The Souls Of Our Brothers, Sisters Who Couldn't Make It To 2023 Rest In Peace - Buhari ~ OsazuwaAkonedo ##Boko #2022 #2023Election #army #bandits #Buhari #EndSARS #Gunmen #Haram #iswap #Kuje #Muhammadu #OsazuwaAkonedo #Police #terrorists #Unknown May The Souls Of Our Brothers, Sisters Who Couldn’t Make It To 2023 Rest In Peace – Buhari January 1, 2023 10:05am
Judge Asking Okupe To Pay Fine For Collecting Physical Cash On Security Assignment Maybe Unprofessional, Embargo To National Security ~ OsazuwaAkonedo ##LP ##Obidients #Buhari #Dasuki #Doyin #Ebele #EFCC #FG #Goodluck #Ijeoma #Jonathan #Muhammadu #NTA #Obi #Ojukwu #Okupe #Omokri #ONSA #OsazuwaAkonedo #PDP Judge Asking Okupe To Pay Fine For Collecting Physical Cash On Security Assignment Maybe Unprofessional, Embargo To National Security December 20, 2022 5:59am
I'm Not Extension Of Anybody, Peter Obi Is The Best Candidate For Nigeria - Soludo's Son Ozonna ~ OsazuwaAkonedo ##LP #Ozonna #2023Election #Anambra #APGA #Charles #Obi #OsazuwaAkonedo #Peter #Soludo I’m Not Extension Of Anybody, Peter Obi Is The Best Candidate For Nigeria – Soludo’s Son Ozonna November 15, 2022 4:07pm
IGP, Others Hold Night Ceremony At Airport To Welcome Buhari ~ OsazuwaAkonedo ##LP #Alkali #APC #Baba #Buhari #Igp #London #Muhammadu #OsazuwaAkonedo #PDP #security #Usman IGP, Others Hold Night Ceremony At Airport To Welcome Buhari November 14, 2022 6:28am
Elon Musk Give Reasons Over Twitter Workers Sacked ~ OsazuwaAkonedo #election #media #twitter #workers #Elon #Musk #OsazuwaAkonedo Elon Musk Give Reasons Over Twitter Workers Sacked November 5, 2022 3:27pm
Sam Omatseye Compares President Muhammadu Buhari, Others With Bandits ~ OsazuwaAkonedo #######LP ##Buhari #Muhammadu #PDP #APC #army #bandits #Kaduna #Nigerian #Police #security #Omatseye #OsazuwaAkonedo #Sam Sam Omatseye Compares President Muhammadu Buhari, Others With Bandits August 15, 2022 11:04am
Obi-tuary: What Sam Omatseye Wrote, A Complete Rubbish, But... - Deji ~ OsazuwaAkonedo ###############2023Election #Nation #Newspaper #2022 #Adeyanju #Deji #election #media #Obi #Obi-tuary #Obidients #Omatseye #OsazuwaAkonedo #Peter #Sam Obi-tuary: What Sam Omatseye Wrote, A Complete Rubbish, But… – Deji August 4, 2022 12:01pm

TRENDING

Traditional Rulers' Silence, No Longer Golden ~ OsazuwaAkonedo #Bill #FG #Fulani #government #herdsmen #Law #Malcolm #Nigeria #North #Omirhobo #OsazuwaAkonedo #Resources #Water Traditional Rulers’ Silence, No Longer Golden September 3, 2022 12:25pm
Unknown Gunmen Stage Another Show Of Force In Ihiala, Kill 2 At Ozobulu ~ OsazuwaAkonedo #Anambrastate #Anambra state #Biafra #Ekwusigo #ESN #government #Ihiala #Kidnapping #military #OsazuwaAkonedo #state #Uli #UnknownGunmen Unknown Gunmen Stage Another Show Of Force In Ihiala, Kill 2 At Ozobulu June 24, 2022 4:12pm
ANEEJ, Police, Others Meet In Benin For Crime Prevention Strategies ~ OsazuwaAkonedo #ANEEJ #CAN #DavidUgolor #NigeriaPoliceForce #OsazuwaAkonedo ANEEJ, Police, Others Meet In Benin For Crime Prevention Strategies March 29, 2022 9:12am
Nnamdi Kanu To Unknown Gunmen: We Are Fighting To Defend Our People, Not To Kill Them ~ OsazuwaAkonedo #Abuja #Biafra #Court #igbos #insecurity #lives #NnamdiKanu #OsazuwaAkonedo #Southeast #UnknownGunmen Nnamdi Kanu To Unknown Gunmen: We Are Fighting To Defend Our People, Not To Kill Them June 29, 2022 2:03am

MONTH

Tribunal Merges PDP, LP, APM's Petitions Against Tinubu, Asks Obi's 50 Witnesses To Appear Starting May 30th ~ OsazuwaAkonedo ##LP #Abubakar #APC #APM #Atiku #Bola #Haruna #Obi #OsazuwaAkonedo #PDP #PEPC #PEPT #Peter #Tinubu #Tsammani Tribunal Merges PDP, LP, APM’s Petitions Against Tinubu, Asks Obi’s 50 Witnesses To Appear Starting May 30th May 23, 2023 5:00pm
Scores Killed As 2 Trains Collide In India ~ OsazuwaAkonedo #Chennai #Howrah #India #Kolkata #Odisha #OsazuwaAkonedo #Train Scores Killed As 2 Trains Collide In India June 2, 2023 8:53pm
Buhari Grants Waivers To Rich, Impoverishes The Poor - Shehu Sani ~ OsazuwaAkonedo #Border #Buhari #Muhammadu #Nigeria #OsazuwaAkonedo #Sani #Shehu Buhari Grants Waivers To Rich, Impoverishes The Poor – Shehu Sani May 28, 2023 4:45pm
Planes Painted Green-White-Green Nigeria Colours, Ethiopian Airlines ~ OsazuwaAkonedo #Air #Airlines #Buhari #Ethiopian #Muhammadu #Nigeria #OsazuwaAkonedo Planes Painted Green-White-Green Nigeria Colours, Ethiopian Airlines May 28, 2023 11:48am

WEEK

Scores Killed As 2 Trains Collide In India ~ OsazuwaAkonedo #Chennai #Howrah #India #Kolkata #Odisha #OsazuwaAkonedo #Train Scores Killed As 2 Trains Collide In India June 2, 2023 8:53pm
Sympathizers Capture Russia Soldiers In Belgorod ~ OsazuwaAkonedo #Belgorod #Corps #Denis #Freedom #Gladkov #Kapustin #Legion #OsazuwaAkonedo #Putin #Russia #Shebekino #Sympathizers #Ukraine #Vladimir #Volodymyr #Volunteer #Vyacheslav #Zelenskyy Sympathizers Capture Russia Soldiers In Belgorod June 5, 2023 6:40am
Death Toll Rises More Than 288 In Indian Train Multiple Collision ~ OsazuwaAkonedo #Balasore #Indian #Odisha #OsazuwaAkonedo #Train Death Toll Rises More Than 288 In Indian Train Multiple Collision June 3, 2023 1:47pm
Tinubu Appoints Reps Speaker, Gbajabiamila As Chief Of Staff ~ OsazuwaAkonedo #Ahmed #Akume #Bola #Femi #Gbajabiamila #George #Hadejia #Hassan #Ibrahim #NASS #OsazuwaAkonedo #Tinubu Tinubu Appoints Reps Speaker, Gbajabiamila As Chief Of Staff June 2, 2023 1:50pm

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Economy

  • 82 Division Wins Army Inter Divisions Combat, Fitness Competition Held To Fight Insurgency

    September 3, 2022

  • Yul Edochie: Biblically, Very Hard For A Single Woman To Satisfy The Libido Of A Normal Man – Reno Omokri

    April 28, 2022

  • Death Toll Climbs To 90 In Kenya Church That Believes ‘Hunger Only Way To Meet Jesus’

    April 26, 2023

  • Governor Bello Laments Current Condition Of Hospital Newly Renovated As He Visits Injured Soldiers, Two Killed By Bandits In Niger

    October 1, 2021

  • Racism: Tribunal Finds British FCDO Guilty, Exenorates Sonia Warner Of Sexual Abuse

    December 1, 2021

Entertainment

  • Ogoni: Group Petition Shell, Others

    November 4, 2022

  • Apology Not Enough, Rights Activist Patrick Eholor Writes Indonesia Government, To Stage Protest In Jakarta, Other Cities Over Assault On Nigeria Ambassador Baba Mai Sule

    August 11, 2021

  • Wounded Soldiers Will Get More Supports To Overcome The Psychological Trauma – COAS

    May 2, 2022

  • Fix Nigeria Insecurity, COAS Tells New Recruits

    June 13, 2022

  • Finally Lionel Messi Lifts The Trophy

    December 18, 2022

Security

  • [VIDEO] Soldiers Battling Unknown Gunmen Endangered As Military Armoured Vehicles Break Down In Ihiala

    April 21, 2022

  • World Experts Discuss New Strategies On Anti-Corruption War Today In Egypt

    December 17, 2021

  • My Prayers With People Of Uromi Over Devastating News From Edo State – Tony Elumelu

    February 25, 2022

  • We Must End This Criminality Called ‘Oil Subsidy’ – Peter Obi

    August 11, 2022

  • Unknown Gunmen On Rampage In Ihiala, Suya Sellers On The Run

    May 4, 2022

Politics

  • Putin Promises Wagner Group, Russia Troops State Awards Over Bakhmut Alleged Takeover

    May 21, 2023

  • No Pregnant Woman In Our Custody – EFCC

    June 28, 2022

  • IPOB Activities Peaceful, But Suspected For Killing 57 People In 2022 – Global Terrorism Index

    March 28, 2023

  • NDLEA Arrests Pastor With 54 Sticks Of ‘Igbo’

    March 13, 2022

  • Liberia To Immortalize Nigerian Soldiers Killed In Peace Keeping

    July 15, 2022

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