Kogi Government Confirms Receipt of Derivation Fund

Kogi State Governor, Yahaya Bello has confirmed the receipt of first payment of the 13 percent derivation fund as an oil producing state.

Bello disclosed this at a weekly executive council meeting held at the Lugard House in Lokoja, the state capital.

Earlier, the Revenue Mobilization Allocation and Fiscal Commission had classified the State as an oil producing state, which qualified it to receive 13 percent derivation fund from the federation account.