The Presidency has given the details on how much each of the nine oil producing states in the South-South received from the N625.43 billion 13 percent oil derivation, subsidy and SURE-P refunds from the Federation Account in the last two years.
A statement by the senior special assistant to President Muhammadu Buhari on media and publicity, Malam Garba Shehu, said that the nine states are Abia, Akwa-Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo and Rivers.
According to the statement, under the 13 per cent derivation fund on withdrawal from ECA without deducting derivation from 2004 to 2019:
Abia State received N4.8 billion with outstanding sum of N2.8 billion
Akwa-Ibom received N128 billion with outstanding sum of N77 billion
Bayelsa with N92.2bn, leaving an outstanding of N55 billion
Cross River got a refund N1.3 billion with a balance N792 million
Delta State received N110 billion, leaving a balance of N66.2 billion
Edo State received N11.3billion, with a balance of N6.8billion
Imo State, N5.5 billion with an outstanding sum of N3.3 billion
Ondo State, N19.4 billion with an outstanding sum of N11.7bn
Rivers State was paid 103.6 billion, with an outstanding balance of N62.3 billion.
The statement said that the States also got N64.8 billion as refund of the 13 per cent derivation fund on deductions made by NNPC without payment of derivation to Oil Producing States from 1999 to December.
The statement said that the states were paid in eight instalments between October 2, 2021 and January 11, 2022, while the ninth to twelfth installments are still outstanding.
It said that on the 13 per cent derivation fund on deductions made by NNPC without payment of derivation, the nine oil producing States were paid in three instalments this year, with the remaining 17 instalments outstanding.
Under this category:
Abia State received N1.1 billion
Akwa-Ibom, N15 billion
Bayelsa, N11.6 billion
Cross River, N432 million
Delta State, N14.8 billion
Edo State, N2.2 billion
Imo State, N2.9, billion
Ondo State, N3.7 billion
Rivers State, N12.8 billion.
Meanwhile, the benefitting states shared N9.2billion in three instalments in April, August and November 2022 as refunds on the 13 per cent derivation exchange rate differential on withdrawal from the ECA.
The three largest benefitting states were Akwa Ibom (N1.6billion), Delta State (N1.4billion) and Rivers State (N1.32billion).
Similarly, all the nine states received N4.7 billion each, totalling N42.34 billion as refunds on withdrawals for subsidy and SURE-P from 2009 to 2015. The refund, which is for all the states and local government councils, was paid on 10th November, 2022.
The Federation Account also paid N3.52billion each as refund to local government councils on withdrawals for subsidy and SURE-P from 2009 to 2015 on the same date in November.
“President Buhari considers it a matter of honour and decency that debts owed to states or anyone for that matter be repaid, and in time without regards to their partisan political affiliations.
“The President will continue to render equal service to all the states of the federation and an acknowledgment of this by Governor Nyesom Wike of Rivers State and the others is not out of place,” the statement said, promising that refunds to the oil-producing states will continue.