Workch:
no it doesn't.
If you consider the revenue from oil proceeds, how much is been spent on federal projects visavis what we generate from non-oil sector and state allocation, you will realize that it doesn't.
We can briefly do the mathematics.

I don't hate southsouth, as a matter of fact, my own cla of Igbo originated and migrated from southsouth so we are brothers and sisters but they need to be wise.

They are using them like toilet paper, when you have gone beyond your usefulness, which is Oyel, you will be discarded and flushed. It's the truth.
Southsouth is to heterogeneous to even start a country to start with, if that oil dries up, Southsouth will run to igbos for cover because they will be treated the way minorities in northcentral are treated now.

The 13% derivation ensures they get the vast majority of the oil revenue. That they choose to spend $100+ million on a football stadium, instead of its people, is their problem, and no one else's. You can't blame the North for that. Have you seen the kind of projects that are implemented in the South South? Massive flyovers, despite not having the traffic to justify it. Expensive golf courses, in the mist of poverty. A skyscraper in the middle of nowhere - the leadership in the South South is poor. Simple.

What happened to Tinapa and all the things Donald Duke set in motion in Cross River, for example.