Breaking News
Oil States Derivation Soars in 2025: N620bn Distributed in 5 Months As Delta Tops List
Significant Surge in Derivation Funds
Oil-producing states in Nigeria received a total of ₦620.23 billion in derivation allocations between January and May 2025 — more than double the ₦308.19 billion disbursed during the same period in 2024, according to data from the National Bureau of Statistics (NBS) and the Federation Account Allocation Committee (FAAC) .
Breakdown of Allocations by State
The top beneficiaries were:
1. Delta – ₦185.16 billion
2. Bayelsa – ₦130.21 billion
3. Akwa Ibom – ₦124.79 billion
4. Rivers – ₦114.06 billion
5. Edo – ₦18.60 billion
6. Ondo – ₦15.51 billion.. .and.. Read . .More —
-
Breaking News3 weeks agoBREAKING NEWS: Labour Congress Call For Review Of Minimum Wage, Propose N150,000 Pay For Lagos Workers
-
Entertainment1 month agoBurna Boy Used To Squat In My House – Cubana Chief Priest
-
Breaking News3 weeks agoALLEGED BLASPHEMY: Angry Youths Kill Female Food Seller In Niger State
-
Entertainment1 month agoBBNaija S10: I Was Prevented From Returning To Show Despite Being Medically Fit – Sabrina
-
Entertainment1 month agoPopular Nigerian Comedian, Josh2Funny And Wife, Bina, Welcome Third Son
-
Breaking News3 weeks agoBREAKING: CAC Extends New Fee Regime To October 1
-
Entertainment1 month agoMedia Personality Toke Makinwa Make Confession On Fearful Pregnancy Journey, Shares Fresh Maternity Shoot
-
Entertainment1 month ago[VIDEO] Ibom Air Incident: Comfort Emmanson Opens Up on Traumatic Experience
-
Breaking News3 weeks agoBREAKING: 1 Israeli Soldier Dead, 9 Injured, 4 Missing
-
Politics1 month agoSoludo Mocks Obi, Declares ADC and LP “Dead” After Anambra By-elections
-
Breaking News3 weeks agoBukuyum: Air Operations Force Bandits To Release 70 Kidnapped Victims In Zamfara
-
Breaking News3 weeks agoBREAKING: Hamas Captures Israeli Soldiers in Gaza