Headline

Edo Govt. Clears Air On 13% Derivation Refund

Published

3 years ago

November 23, 2022

L-R: Mr. Joseph Eboigbe, Commissioner, Budget; Mr. Chris Nehikhare, Commissioner, Communications and Mr. Crusoe Osagie, Special Adviser, Media Project

The Edo State Government says it has received just N2.1billion so far out of the N28 billion accrued to the state from the backlog of one trillion naira 13 per cent derivation refund that is due to the oil producing states in Nigeria.

The state’s Commissioner for Finance, Budget, Economic Planning and Development, Mr. Joseph Eboigbe, disclosed this on Wednesday in Benin City at a press conference shortly after the State Executive Council meeting.

Evoigbe, flanked by Mr. Chris Nehikhare, Commissioner for Communication and Orientation and Mr. Crusoe Osagie, Special Adviser to Governor Godwin Obaseki on Media Project, said: “Edo State’s share of that figure was N28billion naira. A small figure out of the N1 trillion, that was what got to us.

“So, we have received three quarterly releases so far, N700 million, N700 Million, N700 million, totaling N2.1billion. That is what has come into the State’s coffers and it is verifiable in the bank, and the office of the Accountant-General has the records.

“Our share was N28 billion, the net is to be distributed over five years, quarterly, that will be 20 quarterly installment releases, three have come so far, each has been N700 million, N700 million, N700 million and how that money was spent again, we have the records for anybody that wishes to see.”

Providing a context for the derivation refund and how the money was established, the Commissioner explained: “The commissioners of finance in Nigeria under the aegis of the Federation Account Allocation Committee (FAAC), especially those from the oil producing States, we spotted the fact that there was an anomaly in the way federal government was spending money from crude oil and gas sales and not taking out derivation. So the work was done, and a total of about one trillion naira was established to the oil producing states.

“It went through the whole process, the Economic Council approved, and the President approved and a distribution methodology was adopted from the Revenue Mobilization Allocation and Fiscal Commission (RMFAC) and they now established what was going to each State. Edo State’s share was N28 billion. What was also approved was the way and manner this money was to be distributed to the States.

“The net amount, again there are usually sundry deductions, so the net amount will come to each state over five years, each year you will have quarterly remittances which means four releases each year over five years. This disbursement was to start this year, but some States went to court with restraining order. Releases now started in October, just last month.

“What the Federal government did do was to keep the share of each State. So by the time they started releasing, Edo State got 2 tranches in arrears and what we got was 700 million per quarter, this is verifiable in our bank account just behind here at sterling bank.”

The Commissioner for Communication and Orientation,

Also speaking, Nehikhare emphasized that the Governor Godwin Obaseki-led administration will continue to apply all resources due to the State in the most frugal manner and in the best interest of Edo people.

“The state has consistently used our resources prudently. We are not using our money for fancy projects but for projects that have direct impact on the lives on the majority of our people,” Nehikhare stressed.

Up Next

US Approves No-interview Student Visa Renewals For Nigerians

Don't Miss

JUST IN: Buhari’s Aide Appointed As NDDC Board Chairman

Comments

Headline

How Our Airstrikes Stopped Christmas Attacks In Nigeria — US Lawmaker

Published

1 day ago

December 27, 2025

Editor

Riley Moore, a member of the United States House of Representatives from West Virginia’s 2nd District, has linked the absence of Christmas attacks in Nigeria this year to US military airstrikes carried out against Islamist militants on Christmas Day.

In a post on his official X account on Saturday, Moore contrasted the situation with the past two Christmas seasons, during which he claimed Christians were killed in attacks across parts of Nigeria.

The lawmaker noted that this year’s response targeted extremist groups instead of marking another period of violence.

He added that US forces acted decisively against militants in coordination with the Nigerian government.

“For the past two Christmases, Christians have been murdered in Nigeria. This year, thanks to @POTUS, Radical Islamic Terrorists were on the receiving end of 12 Tomahawk missiles as a present.

“The successful strikes on ISIS, in coordination with the Nigerian government, are just the first step to secure the country and end the slaughter of our brothers and sisters in Christ,” Moore wrote.

US President Donald Trump said on Thursday that American forces had conducted deadly strikes against Islamic State terrorists in north-western Nigeria.

Trump, who spoke via his Truth Social platform, warned that more attacks would follow if the militants continued killing Christians, adding that the Department of War executed numerous “perfect strikes.”

Headline

U.S. Lawmaker Reacts To Nigeria, U.S. Airstrikes

Published

2 days ago

December 26, 2025

Editor

United States Congressman, Riley Moore, has stated that President Donald Trump is determined to put an end to the killing of Christians in Nigeria, warning that further action may follow if the violence persists.

Moore made the statement on Friday via his official X handle.

According to the lawmaker, the strike represents the first step in addressing what he described as the ongoing slaughter of Christians and the broader security crisis affecting Nigerians across religious and ethnic lines.

“President Trump has been clear that the killing of Christians in Nigeria must end,” he said.

He that the administration’s resolve on the matter should not be underestimated.

“As I stated at the outset: Do not test President Trump‘s resolved in this matter.

“Tonight’s strike in coordination with the Nigerian government is just the first step to ending the slaughter of Christians and the security crisis affecting all Nigerians,” he said.

He stressed that the operation signals a stronger stance by the United States in support of Nigeria’s efforts to tackle terrorism and violent extremism, noting that further measures could be taken if the situation does not improve.

Headline

US Dept Of War Shares Video Of Air Strikes In Nigeria

Published

2 days ago

December 26, 2025

Editor

A video footage of the US military air strikes in Nigeria has emerged.

The video was released by the US Department of War following its air strikes against terrorists in Sokoto.

Earlier, the US secretary of War, Pete Hegseth had confirmed that military air strikes hit terrorists in Nigerians, saying it was deadly.

Later on, the US. African Command, confirmed that it conducted the attacks described as very deadly by President Donald Trump.

Trump said he was only keeping the promise he made earlier last month to strike the terrorists he believes are killing innocent Christians.

Although described as powerful and deadly, the casualty caused by the attack is yet to be released.

Explaining further, security expert, Brant Philip, said the strikes may have been launched “from the USS Paul Ignatius, using a Tomahawk missile.”

The Nigerian government through its ministry of foreign affairs has also confirmed that the strikes were successful.

Watch video here