8 Oil Producing States Received N6 Trillion In 11 years

Eight oil-producing states received N6.589 trillion from the Federation Account between 2009 and 2019 under the 13 percent derivation principle according to a report published by ACIOE Associates to key officers of the National Assembly and aides to the president and minister of Niger Delta Affairs.

According to the report, the money received by the state barely had little or no impact on the lives of citizens in the state. The eight states are; Abia, Akwa-Ibom, Bayelsa, Delta, Edo, Imo, Ondo and Rivers.

In the report titled: ‘Impact of the 13% Derivation Fund in the Niger Delta’, ACIOE Associates stated that in the 11-year period, Abia, Akwa Ibom, Bayelsa, Delta, and Edo states received N55.87 billion, N1.33 trillion, N1.388 trillion, N1.16 trillion and N118.85 billion respectively, while Imo, Ondo and Rivers States received N1.28 trillion, N189.277 billion and N1.057 trillion respectively.

In the report titled: ‘Impact of the 13% Derivation Fund in the Niger Delta’, ACIOE Associates stated that in the 11-year period, Abia, Akwa Ibom, Bayelsa, Delta, and Edo states received N55.87 billion, N1.33 trillion, N1.388 trillion, N1.16 trillion and N118.85 billion respectively, while Imo, Ondo and Rivers States received N1.28 trillion, N189.277 billion and N1.057 trillion respectively.

Despite the huge fund allocated to the Niger Delta, its researchers found out that access to electricity ; absence of potable drinking water; deplorable health care facilities; and poor educational infrastructure remained minimal to people in the region.

Mrs. Funmi Adesanya, Project Lead, ACIOE Associates, noted that,“Most of the basic amenities that exist in the selected oil communities are provided by either joint venture partnerships between the Niger Delta Development Commission (NDDC) or Nigerian National Petroleum Corporation (NNPC) or the International Oil Companies (IOC), as part of their corporate social responsibility.

“This trend is more prevalent in states like Akwa Ibom, Bayelsa and Rivers States where the IOCs provide water, health, electricity supply and education facilities pursuant to Global Memorandum of Understanding (GMOU) agreements between the IOCS and the respective oil producing communities in the aforementioned States.

“There is also lack of a structured framework for commissioning infrastructure projects across the communities, which has left a number of oil-producing communities with little or no infrastructure.”