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Presidency Releases Details Of Oil Derivation, Subsidy, SURE-P Refunds To Nine States

The Presidency has released details of money received by nine state governments from the 13percent oil derivation, fuel subsidy, and SURE-P refunds over the last couple of years.
In a statement signed by the Senior Special Assistant to the President (Media & Publicity), Garba Shehu, last Friday, the Presidency said that it was necessary to do so to put the records straight for the public to judge, and shame some governors who were pretending not to have received any meaningful sum from the Federal Government.
The statement read, “Nine oil-producing states received a total of N625.43billion 13percent oil derivation, subsidy and SURE-P refunds from the Federation Account in the last two years, 2021-2022.
“The states that received the refunds dating from 1999 to 2021 are Abia, Akwa Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo and Rivers.
“Data obtained from the Federation Account Department, Office of the Accountant General of the Federation; show that a total of N477.2billion was released to the nine states as refund of the 13percent derivation fund on withdrawal from Excess Crude Account (ECA) without deducting derivation from 2004 to 2019, leaving an outstanding balance of N287.04billion.
“The states also got N64.8billion as refund of the 13per cent derivation fund on deductions made by NNPC without payment of derivation to Oil Producing States from 1999 to December.
“The benefitting states still have an outstanding balance of N860.59billion windfall from the refunds, which was approved by President Muhammadu Buhari.
“According to the figures, under the 13per cent derivation fund on withdrawal from ECA without deducting derivation from 2004 to 2019, Abia State received N4.8billion with outstanding sum of N2.8billion; Akwa Ibom received N128billion with outstanding sum of N77billion; and Bayelsa got N92.2billion, leaving an outstanding of N55billion.
“Cross River got a refund N1.3billion with a balance N792million; Delta State received N110billion, leaving a balance of N66.2billion; Edo State received N11.3billion, with a balance of N6.8billion; Imo State, N5.5billion, with an outstanding sum of N3.3billion; Ondo State, N19.4billion with an outstanding sum of N11.7billion; while Rivers State was paid N103.6billion, with an outstanding balance of N62.3billion.
“The states were paid in eight instalments between October 2, 2021 and January 11, 2022, while the ninth to twelfth instalments are still outstanding.
“On the 13per 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 N1.1billion; Akwa Ibom, N15billion; Bayelsa, N11.6billion; Cross River, N432million; Delta State, N14.8billion; Edo State, N2.2billion; Imo State, N2.9billion; Ondo State, N3.7billion; and Rivers State, N12.8billion.
“Meanwhile, the benefitting states shared N9.2billion in three instalments in April, August and November 2022 as refunds on the 13per 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 N4.7billion each, totalling N42.34billion 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 November 10, 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 refunds to the oil producing states will continue”.
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