The principle of derivation as encapsulated under the proviso to Section 162 (2) of the 1999 Constitution as amended, is geared towards providing a recompense to the producers of any natural resources ...
President Bola Tinubu has been enjoined to issue an Executive Order directing payment of the thirteen percent derivation fund to oil and gas producing communities. Making the appeal in a statement , ...
Shehu quoted data obtained from the Federation Account Department, Office of the Accountant General of the Federation as showing that a total of N477.2 billion was released to the nine states as ...
The Presidency has released a list of nine oil-producing states in the country that received a total of N625.43 billion on 13 percent oil derivation, subsidy and SURE-P fund from the federation ...
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The Niger Delta Civil Society Forum has insisted that “oil-producing host communities, not state governments are the rightful and original beneficiaries of the 13 per cent derivation principle”. The ...