FG Pays N625 Billion To Nine Oil-producing States

FG Pays N625 Billion To Nine Oil-producing States

President Muhamadu Buhari has on Friday being December 2nd said that the Federal Government has paid over 625 billion Naira to Nine Oil producing states.

In his tweet, he said;

“I have approved payments totalling 1.7 trillion Naira to 9 Oil- Producing States, as refunds owes them by @NigeriaGov. As a matter of honour, all debts owed States must be paid, regardless of political affiliation. N625B has been paid so far; the balance will be paid in due course.

The benefitting states are Abia, Akwa Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo, Rivers; and the payments are refunds for 13 percent oil derivation, Subsidy and SURE-P, covering the period between 1999 and 2021”.