●Delta ₦1.26 trillion ●Akwa-Ibom ₦1.03 trillion ●Bayelsa ₦813.7 billion ●Rivers ₦787.5 billion
During President Muhammadu Buhari’s eight-year tenure from June 2015 to May 2023, Nigeria’s oil-producing states received a significant allocation of ₦4.28 trillion.
This report by GbaramatuVoice aims to provide a transparent breakdown of this allocation across the ten key oil-producing states. The purpose is to shed light on how these funds were distributed and to underscore the ongoing challenges of underdevelopment in the Niger Delta region.
Allocation by State
Delta State (₦1.26 trillion)
Akwa Ibom State (₦1.03 trillion)
Bayelsa State (₦813.7 billion)
Rivers State (₦787.5 billion)
Edo State (₦141.6 billion)
Ondo State (₦131.7 billion)
Imo State (₦67.1 billion)
Abia State (₦42 billion)
Anambra State (₦9.61 billion)
Lagos State (₦4.11 billion)
Analysis
Despite the substantial funds allocated to these states, the Niger Delta region continues to face challenges, including environmental degradation, infrastructural deficiencies, and widespread poverty. The allocation analysis underscores the need for a comprehensive approach that prioritizes transparency, infrastructure development, economic diversification, and poverty alleviation. These measures are essential to ensure that oil revenue positively impacts the lives of residents in these states and addresses the long-standing underdevelopment issues in the Niger Delta region.
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