Oil Producing States Accumulate N1.6 Trillion Debt Despite Increased Derivation Fund
Despite receiving increased revenue derivation funds, the nine major oil-producing states collectively owe a staggering N1.56 trillion in debts From ...
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Tag: oil-producing states
Despite Receiving N1.88trn In 2 Years 9 Oil Producing States’ Debts Skyrocket
Nine oil-producing states in Nigeria received N1.885 trillion over two years from the 13% oil derivation fund but face escalating ...
South-South senators kick against moves to include Lagos, Ogun, Bauchi in NDDC
Senators from the South-South geo-political zone on Wednesday kicked against the moves by the Senate to include Lagos, Ogun, Bauchi ...
Relocate headquarters to Niger Delta, senate tells international oil companies
The senate has called on international oil companies (IOCs) operating in the Niger Delta region to relocate their headquarters to ...
FG, states, LGs share N697bn for August
The Federation Accounts Allocation Committee (FAAC) has shared N696.965billion as federation allocation for August 2021. Oshundun Olajide, Deputy Director (Information), ...
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