Oil Derivation

Business

Oil Derivation Revenue Surges, Outpaces IGR Growth in 9 States

Ogochukwu Onwaeze, THEWILL -
The nine states, Abia, Akwa Ibom, Anambra, Bayelsa, Delta, Edo, Imo, Ondo and Rivers received a combined N1.51 trillion from the 13 percent derivation fund in 2025, up from N671.92 billion in 2024.
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SERAP Asks Okowa, Akeredolu, 7 Others To Disclose Spending Of N625bn Oil Derivation Refunds

Aina Ojonugwa, THEWILL -
December 11, (THEWILL) - The Socio-Economic Rights and Accountability Project (SERAP) has asked Delta State Governor, Dr. Ifeanyi Okowa and eight other Governors of the oil-producing states in Nigeria, to “provide and widely publish details of spending of the...
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Revealed: Despite N625.43bn Derivation Windfall, Extreme Poverty Ravages Oil Producing States

Amos Esele, THEWILL -
Governors Live Large While The People Suffer Infrastructural Development Not Commensurate With Available Resources Federal Government, States Trade Blames When the Federal Government said a fortnight ago that 133 million of its citizens are currently living in poverty, it...
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Oil Derivation, Subsidy, Sure-P Refunds: Buhari Confirms Delta State Received Over N124bn in Two Years, 8 Other States Got Billions Too

THEWILL -
December 02, (THEWILL) - Delta State has received over N124 billion naira within the last two years from the federal government as refunds due to it from oil derivation, subsidy and Sure-P, the Presidency has said while giving a breakdown...
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SportsOlumide Atiba, THEWILL -

Mended Fences: 1,000 Goals In Sight As Ronaldo and Portugal Reconciliation Takes Shape

Cristiano Ronaldo’s turbulent relationship with the Portugal national team could be heading towards an unexpected reconciliation, with reports suggesting the veteran forward may return for one final international chapter as he closes in on the historic 1,000-goal milestone.
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