13% Derivation: Delta gets lion’s share of N180bn, as oil producing states receive N544.9bn in 6-months
…Akwa-Ibom N130bn, Bayelsa N92bn, Rivers N92bn Nine oil producing states shared N544.9 billion from the federation account, through the 13 percent derivation formula, in the first half of 2023. National Bureau of Statistics (NBS) data showed that Abia, Akwa Ibom, Anambra, Bayelsa, Delta, Edo, Imo, Ondo, and Rivers were states that received the funds. The