Investor Presentaiton

OBJECTIVES & OVERVIEW ACIOE ASSOCIATES ACIOE conducted a study to analyse the impact of the derivation funds guaranteed by Section 162 (2) of the 1999 Constitution (the "Constitution") and paid by the Federal Government of Nigeria ("FGN") to the oil producing states in Nigeria (the "Niger Delta States"), between 2009- 2019 (the "Review Period'), on the development of the Niger Delta States of Nigeria and proffer options that will ensure the efficient utilization of the derivation funds received by the Niger Delta States. Ondo Edo Delta Bayelsa Imo Akwa Ibom Rivers Cross River Niger Delta Region naijahomebased.com Nigeria adopts derivation, in the revenue sharing arrangements between its national and subnational governments. The Principle of derivation is entrenched in Section 162 (2) of the 1999 Constitution. For the purpose of the study, we have defined the Niger Delta in terms of oil producing states. as defined by the Niger Delta Development Commission (Establishment, etc.) Act ("NDDC Act"). We have, in light of the Court Case of Attorney-General of Cross River vs Attorney-General of the Federation & Anor, excluded Cross River State from the analysis undertaken in this Study.

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