Reveals Nine Oil-producing States Received N625.43b For 13% Derivation, Subsidy, SURE-P Refunds
•Re-assures Refunds To Oil Producing States Will Continue
A day after President Muhammadu Buhari declared that the stunted development being experienced at the local council level was caused by state governors and council officials who “pocket” public funds, the Presidency has again turned the heat on state governors, this time providing details on fund releases to oil-producing states in the last two years.
The move was an apparent reaction to the controversy trailing the remittance and deployment of the 13 per cent Derivation Fund and other funds by the Federal Government.
Rivers State Governor, Nyesom Wike had during the inauguration of the Dr. Nabo Graham Douglas Campus of the Nigerian Law School, Port Harcourt, penultimate weekend, revealed that one of the reasons his administration has been able to embark on several projects was because the Buhari administration had graciously approved the payment and release of unpaid 13 percent derivation deductions since 1999 to all states in the Niger Delta.
