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13 per cent derivation formula for oil-producing states too meager – IYC

The Ijaw Youth Council, IYC, Worldwide has said that it was wrong to give a meager 13 percent to oil-producing states in the region. Against this background, the council called for true federalism to ...
The Nation Newspaper

Dickson to RMAFC: revisit era of 100 percent derivation

Bayelsa State Governor Seriake Dickson yesterday lamented injustice in revenue sharing formula and asked the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) to revisit the era of 100 ...
The Nation Newspaper

Delta receives N133.78bn 13% derivation, N413.75bn debt stock

Delta State has received the highest allocation of N133.78 billion from the federation account (FAAC) from the 13 percent derivation formula in the first half of 2024, according to data from the ...