Nigeria's Oil-Producing States See Surge in Derivative Fund Amid Investment Disparities
In the first half of 2025, Nigeria's nine oil-producing states accumulated a total of N781.83 billion from the statutory 13% derivative fund. This marked a significant increase from the previous year, showcasing a 128.83% surge in funds.
The National Bureau of Statistics data revealed that Delta, Akwa Ibom, and Bayelsa were among the states that received substantial shares of the derivative fund. Despite the financial advantage these states have, there is a noticeable disparity in how the funds are utilized compared to their peers.
The derivative fund is crucial for addressing infrastructural deficits and fostering local development in oil-producing regions.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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