13 percent derivation formula
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Nigeria Nigeria’s Oil States Share N341 Billion: Delta Receives 33% of Total Allocation
In the first half of 2024, Nigeria’s nine oil-producing states received N341.59 billion from the federation account based on the 13 percent derivation formula. Delta State led with N113.78 billion, but issues of debt and mismanagement persist despite these substantial allocations. In the first...- Nigeria News
- Article
- 2 min read
- 13 percent derivation formula delta state funds allocation federation account allocation nigeria oil-producing states
- Category: Business
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