News
N1.98trn 13% Derivation Fund Arrears Disbursed To Oil Producing States In 7 Years – FG
The Federal Government of Nigeria has made more revelations on the burning issue of accrued remittances disbursed to the Oil Producing States of the Niger Delta and Lagos. The FG claims that so far, a total of N1.98 trillion has been remitted as part of the 13% Derivation backlog payable to Oil Producing States, including Lagos.
This was made known by the Minister of Finance, Mrs. Zainab Ahmed, who revealed this on Thursday during her presentation at sixth edition of the President Muhammadu Buhari Administration Scorecard.
According to Mrs. Finance Minister, the amount was paid in installments across the last seven years. Adding that this was despite the fact that, some of the owed remittances were inherited by the Buhari administration.
In her words:
“One of the key functions of the Ministry of Finance Budget and National Planning is to support the states.
“We wouldn’t have been able to grow consistently without enabling the states to grow because it is a federation.
“Mr. President has been very uniquely generous in his support to states. I can say no president has provided the level of support provided to the states of the Federation.
“He understands that the federating units need to work together as one to achieve the targets that he has set for the country. So everybody goes to support sub-national governments.
“In seven years, we have disbursed N1.98 trillion in funds to oil-producing states.”
IduwiniVoice Economy recalls that, the topic became one which called for some serious discussion after Chief Barr. Nyesom Wike, the Rivers State Governor revealed the source of monies he spends on his spey of developmental projects, during the inauguration of the National Law School, Portharcourt. The governor shared his appreciation to President Muhammadu Buhari for agreeing to remit 13% derivation monies owed the oil producing states since 2004, when the new formula came to life.
He later wondered aloud what his neighbouring governors can say they have spent their received share of the money on.
It is no long news that there have been widespread call for satisfactory explanations from the affected governors, since Wike made this disclosure.
Whilst some states have come out to make attempts at putting the matter into proper context, others have remained mum as the controversies continue to evolved.
Last week, a document stating details of the accruals and remittances, puportedly originating from the Presidency was seen widely circulated online. Today, a more federal face is put to the matter as the Finance Minister lend her voice too.
By Divine Perezide
Abuja, Nigeria – July 2, 2025
A major political realignment is underway in Nigeria as leading opposition figures have formally adopted the African Democratic Congress (ADC) as the platform to challenge President Bola Ahmed Tinubu in the 2027 general elections.
The unveiling ceremony, which took place at the prestigious Shehu Musa Yar’Adua Centre in Abuja, drew a crowd of influential politicians and political observers. Amongst those in attendance were former Vice President Atiku Abubakar, former Anambra State Governor and Labour Party presidential candidate, Mr. Peter Obi, former Kaduna State Governor, Nasir El-Rufai, and former Rivers State Governor and Minister for Transport, Rt. Hon. Chibuike Rotimi Amaechi.
Also present was the former National Chairman of the All Progressives Congress (APC), Chief John Odigie-Oyegun, along with other notable figures from across Nigeria’s political spectrum.
The event marked the formal endorsement of the ADC by a coalition of opposition leaders who are seeking to consolidate forces in a bid to mount serious challenge to the ruling All Progressives Congress (APC) and President Tinubu in the upcoming 2027 polls.
Sources close to the coalition disclosed that discussions are already underway to restructure the leadership of the ADC to reflect the interests and participation of the newly joined political heavyweights. The move is aimed creating a united front capable of galvanising nationwide support and offering a credible alternative to the current administration.
Speaking at the gathering, coalition members emphasized the urgent need to rescue Nigeria from what they describe as deepening economic hardship, rising insecurity, and declining public trust in governance.
“The time has come for patriotic Nigerians to rise above party lines and work together to restore hope and accountability in our nation,” one of the leaders said.
The formation of this alliance signals the beginning of what could be a heated political season, with the opposition setting the tone early for what promises to be a fiercely contested Presidential race in 2027.
Moredetails regarding the coalition’s leadership structure, policy agenda, and campaign roadmap are expected to be unveiled in the coming weeks.
News
HON. NEGERESE, OTHER POLITICAL LEADERS PAY CONDOLENCES TO LATE PA. MITIN, REGENT OF OPOROMOR KINGDOM
By Divine Perezide
Yenagoa, Bayelsa State – July 2, 2025
Prominent political leaders of Ekeremor extraction and beyond paid a Condolence Visit to the family of Late Chief Mitin Tamaraumienye, the revered Regent of Oporomor Kingdom, who passed away recently.
Leading the delegation was Hon. Berry Negerese, the leader of the ‘Wind of Progress’ political movement, who described the late regent as a custodian of history, peace, tradition, unity, and a political pillar in Ekeremor and Ijaw nation at large. The visit took place in Yenagoa, the Bayelsa State capital, where family members and sympathisers gathered to honour the life and legacy of the departed patriarc.
Among others was Hon. John Alla, the Bayelsa State Commissioner for Tourism Development, Barr. Japan Udoji, State Coordinator of the Wind of Progress Movement; Hon. Victor K. Ebiyekon, Secretary of the forum; and Capt. Joshua J. Oropere, Chairman of the EA Host Communities Development Trust, Petroleum Industry Act (PIA) board.
The delegation offered heartfelt condolences to the bereaved family, acknowledging Chief Tamaraumienye’s role as a father and in preserving the cultural heritage of and traditional authority of Oporomor kingdom. They also commended his contributions to the peace and development of Ndoro community and beyond.
Ina brief remark during the visit, Barr. Udoji expressed, “The passing of Chief Tamaraumienye is not only a loss to his immediate family but also to the entire Ekeremor Local Government Area, and Ijaw Nation. He was a symbol of truth, courage, and wisdom.”
The condolence visit ended with prayers for strength and comfort for the family, and tributes echoing the profound impact the late regent had on the socio-cultural and socio-political landscape of not just Ekeremor Local Government Area but Bayelsa State and Ijaw Nation at large.
Meanwhile, burial arrangements are yet to be announced by the family as of press time.
(c) IduwiniVoice
By DivinePerezide, June 30, 2025
Tuomo, Burutu _ Peace has been fully restored to Tuomo community following recent tensions surrounding the Amananawei election, as residents warmly welcomed the Executive Chairman of Burutu Local Government Area, Hon. Dr. Julius Takeme, during a visit to the community on Monday.
Dr. Takeme’s visit was characterized with widespread jubilation, as community members, particularly women carrying placards with various inscriptions: “Tuomo People Thank Burutu LGA Chairman” , “Governor Sheriff Oborevwori, We Thank You” and others in appreciation of the swift intervention by the two authorities.
Addressing the residents, Dr. Takeme reaffirmed his commitment to maintaining law and order, emphasizing that, as the Chief Security Officer of the LGA, he would not allow any individual or group to undermine peace and security. He condemned the actions of those who took the law into their hands by intimidating, assaulting and detaining innocent persons in their local cells.
“The era of using power to intimidate or oppress people is over. The law is supreme and binding on all,” Dr. Takeme stated, urging residents to remain calm and go about their normal activities without fear.
The Council Chairman also called on the Tuomo Community Chairman, Mr. Edonyaibo Morentei Warebi, to ensure inclusive leadership and uphold the constitution guiding the community’s affairs. Similarly, he advised the newly elected Amananawei, Chief Arebebe Ebiyemi, whose election was held on June 11, 2025 to foster peace and unity in his leadership.
Dr. Takeme commended the Nigerian Police Force for her professionalism in restoring peace to the area, particularly the Burutu Area Commander, ACP Redengha Timpa, who was always on ground personally during the intervention.
In appreciation, the community leaders and residents praised Dr. Takeme for his dedication through the exhaustive expending of time, energy, finances by paying countless visits to Tuomo, ensuring the prevalence of peace and justice. The Community Chairman, Mr. Warebi, assured the Council Boss that every member of the community would be carried along and vehemently stressed that this would be a time for reconciliation, not division.
Chief Arebebe Ebiyemi also expressed gratitude for the Chairman’s leadership and support for the people of Tuomo.
As part of his visit, Dr. Takeme announced the approval of the reconstruction of the Tuomo link road, a news that sparked off spontaneous celebration, singing, and dancing among the residents.
With calm fully restored and development projects on the horizon, the people had had a renewed hope for a peaceful and united future where justice would continue to prevail and be sustained.