Oil Producing States Received N377.89billion in Q1 2022
The eight oil-producing states in Nigeria received a sum of N377.93 billion as 13% oil derivation fund in the first half of 2022. According to the National Bureau of Statistics, the amount received in the review period is 46.9% higher than the N257.2 billion shared in the second half of 2021. The 13% oil derivation fund shared by the communities has increased significantly despite the non-remittance of funds by the […]
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