₦airaland Forum

he guy has brought up a very important point here!

Using the case of Ondo Vs. Ekiti as an example

Ondo is an oil producing state; why should Ondo keep a large share of the money accruing to them from the sale of oil , money that otherwise belong to both states ? How is that fair to Ekiti?

If you discount the Federal allocation coming to Ekiti State, there is nothing else from other sources.

Ondo State is now among the nine oil producing States in Nigeria that share out of the 13% allocation of the gross Federal Revenues usually reserved for such states on pro rata basis, depending on how many oil wells are drilled in their territorial waters, and the sheer volume or size of their oil and liquefied gas deposit and the quality The crude oil coming out of Nigeria is generally regarded among the best in the world. Ondo State used to be considered number 4. It then moved to number 2 on the rating scale and is most likely moving to number 1 today, because no less than 255 oil wells which used to be classified under Delta State are all now expected to be ceded to Ondo State, following a new Territorial Adjudication Panel recommendations approved by the Federal Government. That was point number one. Point number two is the discovery of Bitumen in large commercial quantities in Ondo State, not to talk of the limitless opportunities Ondo State now has to expand her Oluwa Glass Manufacturing Factory at Igbokoda area and all the revenues that those and allied industries could generate in the immediate future, if the Ondo State Government now in the PDP column, can get its priorities right. Gone are those days when the Federal Government used to look the other way, when issues concerning the interest and welfare of Ondo State come up for discussion.