The Edo State Government has insisted on receiving only N2.1 billion out of the expected N28 billion as its share of the 13% oil derivation paid by the Federal Government to the country’s oil-producing states.
The state’s Commissioner for Finance, Joseph Eboigbe, told journalists in Benin City, Edo State’s capital, that funds would be distributed over five years in 20 installments, noting that Edo State had already received three tranches totaling N700 million.
The reaction follows Rivers State Governor Nyesom Wike’s claims that oil-producing states have refused to disclose their share of the 13% derivative received from the federal government.
“I am not an Apostle of Buhari; he is not my friend but I have no regret to appreciate him for paying the money meant for the Niger Delta states. He has paid. Let everybody come and account for it,” Wike had said.