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How Edo Received N18.2b, Delta N129.5b Oil Derivation Refund 2021-2022 - FG ~ OsazuwaAkonedo
Dec 4, 2022
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 https://osazuwaakonedo.news/how-edo-received-n18-2b-delta-n129-5b-oil-derivation-refund-2021-2022-fg/03/12/2022/ By Garba Shehu
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0:00
by Garba shoe Dash
0:03
9 oil producing states received a total
0:05
of
0:06
625.43 billion naira 13 oil derivation
0:10
subsidy ensure P refunds from the
0:12
Federation account in the last two years
0:14
2021-2022
0:17
the states that received the refunds
0:19
dating from 1999 to 2021 are ABIA Aqua
0:23
ibom by Elsa Cross River delta Edo emo
0:27
Ando and rivers
0:28
data obtained from the Federation
0:30
account Department Office of the
0:32
accountant general of the Federation
0:34
show that a total of
0:36
477.2 billion naira was released to the
0:39
nine states as refund of the 13
0:40
derivation fund on withdrawal from
0:42
excess crude account ECA without
0:45
deducting derivation from 2004 to 2019
0:48
leaving an outstanding balance of
0:51
287.04 billion naira the states also got
0:55
64.8 billion naira as refund of the 13
0:58
derivation fund on deductions made by
1:01
nnpc without payment of derivation to
1:04
oil producing states from 1999 to
1:06
December
1:07
the benefiting State still have an
1:09
outstanding balance of
1:11
860.59 billion naira windfall from the
1:13
refunds which was approved by president
1:15
muhammadu buhari
1:17
according to the figures under the 13
1:20
derivation fund on withdrawal from Essa
1:22
without deducting derivation from 2004
1:25
to 2019 obvious State received 4.8
1:28
billion naira with outstanding sum of
1:30
2.8 billion naira Aqua Evo received 128
1:34
billion naira with outstanding sum of 77
1:37
billion naira by Elsa with 92.2 billion
1:40
naira leaving an outstanding of 55
1:43
billion naira
1:44
Cross River got a refund 1.3 billion
1:47
naira with a balanced 792 million naira
1:50
Delta State received 110 billion naira
1:53
leaving a balance of 66.2 billion naira
1:56
Edo State received 11.3 billion naira
1:59
with a balance of 6.8 billion naira IMO
2:03
State 5.5 billion naira with an
2:05
outstanding sum of 3.3 billion naira
2:08
ondo State 19.4 billion naira with an
2:11
outstanding sum of 11.7 billion naira
2:14
while Rivers State was paid 103.6
2:17
billion with an outstanding balance of
2:19
62.3 billion naira the states were paid
2:22
in eight installments between October
2:24
2nd 2021 and January 11 2022 while the
2:28
9th to 12th installments are still
2:30
outstanding
2:32
on the 13 derivation fund on deductions
2:35
made by nnpc without payment of
2:37
derivation the nine oil producing states
2:39
were paid in three installments this
2:41
year with the remaining 17 installments
2:43
outstanding
2:45
under this category ABIA State received
2:47
1.1 billion naira Aqua ibom 15 billion
2:51
naira by Elsa 11.6 billion naira Cross
2:54
River
2:55
432 million naira Delta State 14.8
2:59
billion naira Edo State 2.2 billion
3:02
naira IMO State 2.9 billion naira ondo
3:06
State 3.7 billion naira and River State
3:10
12.8 billion naira meanwhile the
3:14
benefiting State shared 9.2 billion
3:16
naira in three installments in April
3:18
August and November 2022 as refunds on
3:21
the 13 derivation exchange rate
3:23
differential on withdrawal from the Essa
3:26
the three largest benefiting states were
3:28
Aqua ebum 1.6 billion naira Delta State
3:32
1.4 billion naira and Rivers State 1.32
3:36
billion naira
3:37
similarly all the nine states received
3:40
4.7 billion naira each totaling 42.34
3:44
billion naira as refunds on withdrawals
3:46
for subsidy insure P from 2009 to 2015.
3:49
the refund which is for all the states
3:52
and local government councils was paid
3:54
on 10th of November 2022
3:57
the Federation account also paid 3.52
4:00
billion naira each as refund to local
4:02
government councils on withdrawals for
4:04
subsidy and sure P from 2009 to 2015 on
4:07
the same date in November
4:09
president buhari considers it a matter
4:11
of honor and decency that debts owed to
4:13
States or anyone for that matter be
4:15
repaid and in time without regards to
4:17
their partisan political affiliations
4:20
the president will continue to render
4:22
equal service to all the states of the
4:24
Federation and an acknowledgment of this
4:26
by Governor Nissan wyke of Rivers State
4:28
and the others is not out of place
4:30
the refunds to the oil producing states
4:32
will continue
4:34
at View's exclusive rights Garba shoe
4:36
senior special assistant to the
4:38
president media and publicity December
4:41
2nd 2022
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