Gov. Wike’s Bombshell: The Government Of Edo State Has Admitted Receipt Of Part Payment Of 13% Oil Revenue Derivation. - TrendyNewsReporters Gov. Wike’s Bombshell: The Government Of Edo State Has Admitted Receipt Of Part Payment Of 13% Oil Revenue Derivation. - TrendyNewsReporters
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Gov. Wike’s Bombshell: The Government Of Edo State Has Admitted Receipt Of Part Payment Of 13% Oil Revenue Derivation.

By Ebor Cletus Ralph Jr.

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Following Gov. Nyesom Wike’s claims that, all the Niger Delta States have been paid billions of Naira by the federal government as part of their 13% oil derivation entitlement, the government of Edo state has agreed on receiving only N2.1 billion out of the expected N28 billion as its share of the  said 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.

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