Investor Presentaiton
OBJECTIVES & OVERVIEW
VACIOE
As such the States reviewed in this Study are: Abia State; Akwa Ibom State; Bayelsa State; Cross River State; Delta State;
Edo State, Imo State; Ondo State and Rivers State (the "Niger Delta States”).
ASSOCIATES
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• The Niger Delta States are the main beneficiaries of the derivation sharing
arrangement guaranteed by the Constitution. This is because, the crude oil
and natural gas that are mainly sourced from these states, form up to 80 per
cent of Nigeria's revenue. The FGN, has allocated over Six Trillion Naira to
the Niger Delta States during the Review Period.
The main issue for determination was whether the present under-
development and prevalent impoverishment in the Niger Delta States is
attributable to the quantum of the derivation funds paid to the Niger Delta
region of Nigeria, requiring an increase in the current derivation percentage
of 13%, or the failure to appropriately utilise the derivation funds received,
necessitating the need to revamp the present derivation utilisation.
structures in these states.View entire presentation