₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,330,689 members, 8,446,645 topics. Date: Thursday, 16 July 2026 at 09:37 PM

Toggle theme

9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) - Politics (5) - Nairaland

Nairaland ForumNairaland GeneralPolitics9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) (39023 Views)

1 2 3 4 5 6 7 8 Reply (Go Down)

Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by SmartPolician: 11:52am On Apr 03, 2023
Ogene001:
So Lagos oil was a mere propaganda?
This is wonderful observation.

It just occurred to me now.
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by okeysoninv: 11:55am On Apr 03, 2023
MrApcLimited:
The metrics for exploration is the same all over the world and the hydrocarbon being explored here is Crude-oil. Which comprises of Petrol, LPG/Butane or Propane, AGO, DPK, Transmission oil,hydraulic oil etc All contents of crude element.

Except you're exploring for other natural resource elements like Diamond,Gold, Lithium, Mercury etc

What other Hydrocarbon can exist on it own that isn't a derivative of crude itself ?

The specific natural resource being talked about here is just crude. What measure of exploration do you want to get out from the commercial quantities derived in your states' Crude
oga, you cant scoop crude oil like you're fetching water. it requires a diligent work. so give kudos to whom deserves it. Anambra State Government has been in past years helping in exploration of hydrocarbon while abia state is sleeping. so if I give praises to them , don't be offended but you can tell abia state to map more . I don't see the bases of your argument.
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by Calicoe: 11:56am On Apr 03, 2023
This right here is why the north is fighting so hard for Nigeria to remain one. Just imagine if they were to ones producing this oil
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by Gucciblog: 12:01pm On Apr 03, 2023
sreamsense:
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
Apart from Gbegiri and Ewedu, wetin your state get?
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by johnjose68: 12:02pm On Apr 03, 2023
[quote author= 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 infrastructures, Soludo is also walking to improve state IGR to 5 billion monthly[/quote]Suddenly, Soludo has become your friend grin grin.
We are watching you daddy 🤣🤣
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by Goalnaldo(m): 12:04pm On Apr 03, 2023
Delta should deduct their debt from the revenue. We should have a few billions left. Simple!
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by Coly2012(m): 12:04pm On Apr 03, 2023
sreamsense:
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
it might interest you to no that last 2022 August was the first time anambra state is receiving that allocation or any other form of allocation from oil from the federal government.
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by johnjose68: 12:04pm On Apr 03, 2023
Gucciblog:
Apart from Gbegiri and Ewedu, wetin your state get?
Good question.

We also get people with brain and strategy. Not yes daddy people ooo 🤣🤣 or Gala-selling mofos 🤣🤣
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by Cantonese: 12:07pm On Apr 03, 2023
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
Will shame ever let you mention your state? Rats like you hide under the internet to claim Lagos, abusing others.
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by Cantonese: 12:08pm On Apr 03, 2023
Coly2012:
it might interest you to no that last 2022 August was the first time anambra state is receiving that allocation or any other form of allocation from oil from the federal government.
Don’t mind the lazy youths who do not know that the nations largest gas reserves rest between Anambra and Imo states. That’s one of the reasons the jagbajantis politicians pretentiously hold on to “One Nigeria”.
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by Afamed: 12:09pm On Apr 03, 2023
[quote author= post=122239906]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[/quote]Not when Obi himself can not stay in Anambra he single-handedly developed.

You are nothing but serial habitual liar
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by MrApcLimited:
cool
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by okeysoninv: 12:15pm On Apr 03, 2023
MrApcLimited:
This one you keep mentioning Abia state, forming your premise on the needless comparison,which is the basis at which i faulted you on.

I hope you know I'm not from Abia? Just incase you think you're poking me.

I'm a Pure and Industrial Chemist, a master certified one at that and I'm telling you basic Organic and Inorganic chemistry from the derivative of natural resources like crude. You're only concerned at berating other states that share in the same Niger Delta 13% derivation fund from the center government out of sheer pride and ignorant boastfulness. It's now another igbo state. In a time like this? Is it a lack of a sense of inhibition or just crass illiteracy?

See how he said we should give Anambra their credit cheesy as if other states aren't exploring.

The point I'm telling you is that, you can only work with what has already been explored. The metrics for fossils residual content in a place has already been noticed and explored and the capacity base is what is obtainable whether in large commercial quantities or not.

Imo found oil becsuse there's oil in the land, Delta found oil because there's oil in the land, same with Anambra. Abia or other states.

I bet you dont even know what 'hydrocarbon' is, that you're just mentioning it ceaselessly. cheesy
face you're field , you're neither an expert in crude oil exploration. I'm a certified geologist . I won't engage you again.
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by OVB123:
[quote author= post=122239906]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[/quote]How did you arrived with Anambra state being the 4th largest economy in Nigeria?
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by MrApcLimited:
cool
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by broadman20: 12:31pm On Apr 03, 2023
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
Where are you from?

Have you been to Anambra state before?
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by PROUDIGBO(m): 12:34pm On Apr 03, 2023
Vote4Obi:
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?
If you know the voodoo oyel production going on in some parts of Nigeria, you will shudder in disbelief! You see how, all of a sudden, oil fields are being ‘discovered’ left, right and centre in the north by Buhari (he made himself the petroleum minister by the way wink ), and done sharply before he leaves next month…..by the same token, you will suddenly see Lagos state appear as oyel producing if Tinubu manages to get his paws on the keys to Aso Rock!
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by Sleekfingers: 12:40pm On Apr 03, 2023
Ogene001:
So Lagos oil was a mere propaganda?
There is oil in Lagos too. ...but haven't started mining it
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by Sleekfingers: 12:42pm On Apr 03, 2023
Look at bayelsa .....no tangible development in that useless state...m.wetin Dem dey use the money do?
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by onuman: 12:49pm On Apr 03, 2023
[quote author= post=122240009]You can only hate them but can't stop their progress[/quote]But why una de paint the photos of cities before posting? As if there is something to hide?
We know some SE governors still build open gutters in the cities.
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by PROUDIGBO(m): 12:49pm On Apr 03, 2023
Countersam:
Well done to Delta, Akwa Ibom and Bayelsa states for a healthy debt portfolio for Una mind.....OLEEEE...


Look at the debt margin from IMO state..... 🤯
Walahi, the one of Imo infuriates me the most…even more than Abia! I know they both receive a pittance by way of 13% derivation, but there’s little on ground in Imo especially to account for all the billions they’ve borrowed over the years….bad roads everywhere…..cheapass and dilapidated public infrastructure….etc!

The way i see it, the biggest problem Imo has had is the visionless, clownish and criminal governors they’ve been saddled with almost from inception of this present republic! If the state had a good run of governors, back-to-back, and if the meddlesome supreme court kept their nose out of the states affairs, Imo would be the best run state in the south-east, with the best infrastructure! The state is blessed with wealthy sons and daughters interested in investing in the state….all it needs is purposeful, honest and visionary governance!
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by OVB123: 12:56pm On Apr 03, 2023
JOemmy:
13% is too small for the oil producing states to meet up with their obligations let the federal govt increase it to at least 50/%.
While i agree with you on this, i will like you to know that "he that is not faithfull with little, can not be faithfull with much."
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by Jagabanarmy: 12:57pm On Apr 03, 2023
[quote author= post=122239732]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[/quote]Nigerian politicians are big criminals,
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by onuman: 1:01pm On Apr 03, 2023
PROUDIGBO:
Walahi, the one of Imo infuriates me the most…even more than Abia! I know they both receive a pittance by way of 13% derivation, but there’s little on ground in Imo especially to account for all the billions they’ve borrowed over the years….bad roads everywhere…..cheapass and dilapidated public infrastructure….etc!

The way i see it, the biggest problem Imo has had is the visionless, clownish and criminal governors they’ve been saddled with almost from inception of this present republic! If the state had a good run of governors, back-to-back, and if the meddlesome supreme court kept their nose out of the states affairs, Imo would be the best run state in the south-east, with the best infrastructure! The state is blessed with wealthy sons and daughters interested in investing in the state….all it needs is purposeful, honest and visionary governance!
Ha ha ha.
Imo State touted as the state with almost every one a university graduate.
Perhaps, village universities graduates.
Their governors borrow excessively to cluster them in the state capital where some resemblances of modernity exist, but with no running water. They clap for their leaders. The latest is resurfacing federal roads and put street lights on the roads.
Move out of the capital, its like shithole every where.
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by Afamsi: 1:03pm On Apr 03, 2023
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.
you think awka is like your dirty brown roofs states
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by OVB123: 1:05pm On Apr 03, 2023
BentizilL:
I've got Lagos, Oyo in my region that beat Anambra by far...
Who gave Anambra 4th largest economy in Nigeria? shocked

Why are you lying like Peter Obi? undecided
I also asked him thisame question, i'm waiting for his reply.
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by AK481(m): 1:16pm On Apr 03, 2023
3 out of 5 SE states are heavy oil and gas producers .

Feeding the nation ,yet the disrespect is too much .
I read also that the gas in anambra is shockingly too much as per world standard of reservoir .

If biafra happens , those people will enjoy.
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by AbuAeesha: 1:28pm On Apr 03, 2023
muyico:
Meaning?
meaning the state leaders shud be held responsible for poor productivity if any.
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by onuman: 1:32pm On Apr 03, 2023
In Abia and Imo states, treated pipe borne water doesn't exist anywhere.
Because it costs a lot more to provide treated pipe borne water than roads, so the crooked leaders would prefer roads building to providing pipe borne water. They watch citizens indiscriminately break the aquifers to did private water boreholes all over the place, with the dangers in consumption of untreated water and landslides.
More sadness is remembering that the late governor Mbakwe built ultramodern surface water supply systems in 4 of the 5 major cities in the old Imo state, but the succeding crooked leaders have ignored resuscitation of the water supply projects.
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by OVB123: 1:37pm On Apr 03, 2023
Sharatan:
So Delta state is receiving this amount of money monthly but the state still looks like a village in Botswana..
Okowa! Okowa! Okowa! It shall not be well with you; iseeeeeee!
This is the reason when there are comparing her (Delta state) to Edo state, I'm not always please because she is a state that earned 4 times of what Edo state is earning and this report has given credence to that fact.
Re: 9 Oil Producing States & Their 13% Derivation & Debt Profile 2022 (Photo) by sukar886: 1:39pm On Apr 03, 2023
EFCC get ready on may 29th,better work dey
1 2 3 4 5 6 7 8 Reply

Full List: 36 Nigerian States, Their Dates Of Creation And How They Were CreatedAnambra Joins Oil Producing States, To Benefit From 13% DerivationUs Election: The 7 Remaining States, Their Votes And Who Is Currently Winning234

Naira Jumps To 8-month High Of 1,120/$ As Dollars Flood Black MarketRotimi Amaechi Lands At Port-Harcourt Airport Ahead Of Rerun Election. PhotosEsther Obong-Egbuna "Sister E" Is Dead (pictured)