Boss98.9 FM
The eight oil-producing states in Nigeria received a sum of N377.93 billion as 13% oil derivation fund in the first half of 2022.
According to the National Bureau of Statistics, the amount received in the review period is 46.9% higher than the N257.2 billion shared in the second half of 2021.
The 13% oil derivation fund shared by the communities has increased significantly despite the non-remittance of funds by the Nigerian National Petroleum Corporation to the Federation Account.
