These are states producing oil in commercial quantities, check their 13% derivation and debt

The nine oil-producing states in Nigeria shared N970.20 billion from the federation account through the 13 percent derivation formula in 2022.

Data from the National Bureau of Statistics (NBS) showed that Abia, Akwa Ibom, Anambra, Bayelsa, Delta, Edo, Imo, Ondo, and Rivers were states that received the fund.

The 13 percent derivation fund comes from the federation revenue to oil-producing communities through the state governments as enshrined in section 162, sub-section 2 of the Nigerian constitution.

Analysis of the report by TheCable Index showed that Delta state received the highest allocation totalling N296.63 billion, representing 31 percent of the total revenue from the derivation account.

Delta is followed closely by Akwa Ibom, having received N222.52 billion, representing 19 percent of the total disbursement during the period.

Other states include Bayelsa (N188.02 billion), Rivers (N169.79 billion), Edo (N37.49 billion), Ondo (N25.95 billion), Imo (N18.61 billion), Abia (N6.95 billion), and Anambra (N4.25 billion).

The 13 percent derivation fund is different from the three percent provided for host communities in the PIA from the oil company’s operating expenses (OPEX).

https://www.thecable.ng/delta-n296bn-akwa-ibom-n222bn-nine-oil-producing-states-shared-n970bn-derivation-fund-in-2022/amp

Meaning?

Anambra started receiving 13% oil Derivation on August 2022, I believe Anambra annual derivation will increase this year, and we have a prudent manager of our state economy which will go far in providing more infrastructures, Soludo is also walking to improve state IGR to 5 billion monthly

Even though Anambra receives the least, they are still less indebted

That state is highly blessed in every ramifications

I am not too happy about Anambra increasing debt profile under Prof. soludo.

Still optimistic, too early to judge!

Okowa the crook

post=122239568:
Anambra started receiving 13% oil Derivation on August 2022, I believe Anambra annual derivation will increase this year, and we have a prudent manager of our state economy which will go far in providing more infrastructure, Soludo is also walking to improve states IGR to 5 billion monthly

Yes Daddy


Says Obi the Simp

Mystic216:
Even though Anambra receives the least, they are still less indebted

That state is highly blessed in every ramifications

When you look at the kind of allocations these major oil players receiving and their debt and what's on ground then you will know these guys are big criminals

PEPPERified:
I am not too happy about Anambra increasing debt profile under Prof. soludo.

Still optimistic, too early to judge!

He is yet to borrow loan since he came in to office, he made it clear during his one year anniversary

This OP is fun of comparing his underdeveloped Anambra State with every other States in everything.

Yet Anambra State still remain a shit-hole

This level of insecurity of yours is indescribable

They are learning from Lagos, the most indebted state in Nigeria

Anambra oil derivative is impressive. more exploration need to be done. they will beat Abia

ThatFairGuy1:
This OP is fun of comparing his underdeveloped Anambra State with every other States in everything.

Yet Anambra State is still a shit-hole

This level of insecurity of yours is indescribable

No state in your region can be compare to Anambra State that is 100% developing by Igbos, State that was raised down to zero now 4th largest economy in Nigeria

ThatFairGuy1:
This OP is fun of comparing his underdeveloped Anambra State with every other States in everything.

Yet Anambra State still remain a shit-hole

This level of insecurity of yours is indescribable

You can only hate them but can't stop their progress

Repeating the same colourful Houses as basis for development.

You no dey shame

Show us dirty Akwa

post=122240009:

You can only hate them but can't stop their progress

ThatFairGuy1:
Repeating the same colourful Houses as basis for development.

You no dey shame

Show us dirty Akwa

O
D
E this is drone video of Awka


https://www.youtube.com/watch?v=3DVsNQOd_Wg

Mystic216:
Even though Anambra receives the least, they are still less indebted

That state is highly blessed in every ramifications

Yes it is blessed with great people but what does the first sentence mean?
Should it be most indebted?

ThatFairGuy1:
Repeating the same colourful Houses as basis for development.

You no dey shame

Show us dirty Akwa

https://www.youtube.com/watch?v=HHfQ47IXbJ0

I didn't even know Abia state is an oil producing state.

I only know Abia state as a poor state

ThatFairGuy1:
Repeating the same colourful Houses as basis for development.

You no dey shame

Show us dirty Akwa

Amawobia, neighbouring town to Awka feed your eyes ignorant mind


https://www.youtube.com/watch?v=EnSMnKA8eGY

Below is Awka

Show us the innermost part of Akwa and stop showing highway/GRA

You and I know it's dirty, full of dirts along the road.

post=122240172:


O
D
E this is drone video of Awka


https://www.youtube.com/watch?v=3DVsNQOd_Wg

ThatFairGuy1:
Repeating the same colourful Houses as basis for development.

You no dey shame

Show us dirty Akwa

Awka dirty??........you are dreaming.

Awka is a very fine City in terms of cleanliness. I can agree for Onitsha but not awka (tho Onitsha is greater in infrastructure)

ThatFairGuy1:
Show us the innermost part of Akwa and stop showing highway/GRA

You and I know it's dirty, full of dirts along the road.

May be I should show you Makoko, Ajegule, Lagos Island and other slums in Lagos, Lagos is smallest State still host the largest slums in Nigeria, areas that's relatively developed in Lagos are below the sea level which is predicted to be inhabitable by 2030 according to experts

I wonder why you guys are not showing slum areas in Lagos that covers more than half of the state when you guys are promoting Lagos

Abia in not a poor state,it's only has bad leaders

post=122239813:

He is yet to borrow loan since he came in to office, he made it clear during his one year anniversary

It's not true. Who said that?

He got a loan of $100m barely 100 days in office.

So Lagos oil was a mere propaganda?

post=122239454:
These are states producing oil in commercial quantities, check their 13% derivation and debt

Edo state oil production has increased considerably.

I thought they claimed that Lagos is now a major oil producing state, did federal government refuse to pay them derivation or another lie got exposed?

PEPPERified:


It's not true. Who said that?

He got a loan of $100m barely 100 days in office.

Most of you are ignorant do you know how much is $100m in naira, made it clear that he is yet to borrow 1kobo from anywhere

Ogene001:
So Lagos oil was a mere propaganda?

It wasn't commercial quantity

Abia is not a poor state...it's only has bad leaders .....

Emperormartin:
I didn't even know Abia state is an oil producing state.

I only know Abia state as a poor state

Imo, Abia and Anambra remain the worst in that list. They are the only one with domestic debt profile x10 of oil earnings and they are the ones that shout my "oiyel, oiyel" most. The debt is too much, they should caution themselves about borrowing more. Relying on federal allocation, IGR and oil 13% oil derivatives can't bring true development to these regions, their governors should look inward and be more creative to harness other options. Soludo has started well, he should set out workable plan to offset some of this debt on long and short term basis without affecting developmental plan for Anambra. LP in Abia should brace up for challenges ahead, people want to see what he will do different than those that were there before once his election honeymoon is over

Emperormartin:
I didn't even know Abia state is an oil producing state.

I only know Abia state as a poor state

Abia a poor state? Stop consuming yoruba propaganda. Just that Aba was not taken care of for many years because of political disagreement and that situation has already changed