BREAKING: Oil-Producing States Receive ₦620.23 Billion in 13% Derivation Funds Between January and May 2025!

BREAKING: Oil-Producing States Receive ₦620.23 Billion in 13% Derivation Funds Between January and May 2025

Sele Media Africa | www.selemedia.org

In a significant fiscal development, Nigeria’s nine oil-producing states collectively received ₦620.23 billion from the Federation Account as their 13% derivation fund between January and May 2025. This amount represents a 101.3% increase compared to 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) [1] .

The breakdown of the allocations is as follows:

1. Delta State: ₦185.16 billion
2. Bayelsa State: ₦130.21 billion
3. Akwa Ibom State: ₦124.79 billion
4. Rivers State: ₦114.06 billion
5. Edo State: ₦18.60 billion
6. Ondo State: ₦15.51 billion
7. Imo State: ₦14.48 billion
8. Abia State: ₦8.99 billion
9. Anambra State: ₦8.42 billion

These figures highlight a substantial increase in revenue for these states, attributed to improved oil production and favorable market conditions. The 13% derivation fund is a constitutional provision aimed at compensating oil-producing states for the environmental and infrastructural impacts of oil exploration activities.

While the increased allocations present an opportunity for accelerated development in these regions, concerns remain regarding the effective utilization of these funds. Stakeholders and civil society organizations continue to advocate for transparency and accountability in the management of derivation funds to ensure that the intended developmental goals are achieved.

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Citations:

1. THISDAYLIVE: www.thisdaylive.com/2025/08/31/with-13-derivation-revenue-rising-100-oil-producing-states-receive-n620bn-in-five-months/?utm_source=chatgpt.com

About The Author

David Joshua Oliver

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Oliver David Joshua is a seasoned media professional with a passion for impactful journalism and strategic leadership. As the Chief Operating Officer (COO) of Sele Media Africa, he oversees the organization’s editorial vision, ensuring high standards of truth, balance, and bold reporting. Known for his sharp editorial eye and commitment to excellence, Oliver plays a key role in shaping the voice of Sele Media Africa across the continent. His leadership continues to drive innovation, credibility, and growth in Africa’s digital media space.

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