• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home News General

‘Oil-producing states got N44tn in 18 years’

Freelanews by Freelanews
June 13, 2020
in General
0 0
0
Oil
thenacre-campaign

A total of N44tn accrued to states in the Niger Delta region through the 13 per cent derivation fund in the last 18 years, the Host Communities of Nigeria has said.

HOSTCON, an organisation for oil and gas producing communities, lamented that the N44tn that was paid to states in the oil-rich region had not impacted positively on the lives of citizens in the affected communities.

The group’s National Director, Media and Publicity, Okakuro Monday, said in a statement that paying the derivation fund through state governors was not in accordance with the country’s 1999 Constitution as amended.

He argued that this was partly responsible for the poor usage of the funds, stressing that the N44tn had not resulted in commensurate infrastructural development in the region.

Monday called on the Federal Government to mandate its agencies to pay the 13 per cent derivation to the benefiting host communities through the proposed Presidential Derivation Committee and States Implementation Committee.

Perfect-Aesthetic-social-1

He said, “Despite the receipt of over N44tn from the 13 per cent derivation principle between 2000 and 2018 by Niger Delta states, the deplorable living conditions in oil-producing communities remain nauseating, raising questions about the application of such large sum by state governments.

“The Nigerian Extractive Industries Transparency Initiative, in its report, defines 13 per cent derivation as ‘the financial incentive that is enshrined in the Constitution to be distributed to oil-producing communities, based on the production input to serve as benefits and encourage the communities to create enabling environment for more production of crude oil and gas’.”

He added, “We, HOSCON, therefore, wish to refer to our repeated advocacy, agitations and demands through press conferences, media engagements and our recent visit to President Muhammadu Buhari and plead with Mr President to stop the unconstitutional payment of 13 per cent oil derivation fund through state governors.”

Odun Ifa 2026
ADVERTISEMENT

The group insisted that the 1999 Nigeria Constitution made it very clear that the 13 per cent derivation fund was provided constitutionally and exclusively for the oil-producing communities.

It said the fund primarily served as compensation for lost fishing rights and productive farmlands as a result of oil/gas exploration and production activities.
HOSTCON further argued that oil and gas was on the exclusive list and that only the President had the prerogative and jurisdiction on all matters on the exclusive list.

adron lemon friday
freelanews
Freelanews

Freelanews is the editorial byline of Freelanews.com, used for staff reports, news updates, press releases, and collaborative stories produced by the Freelanews Editorial Team.

Also read

  • TAFTA equips 150 female creators with skills to build sustainable careers
  • NNPC, Dangote, others partner GOCOP 2026 conference

Related Posts

Flood sacks Lagos schools, homes
General

Flood sacks Lagos schools, homes

by Quadri Olaitan
July 3, 2024
NILDS
General

‘Democracy is not for Executive alone’ NILDS Director General warns

by Freelanews
May 25, 2021
General

President Buhari’s Daughter, Hanan, Making Efforts To Evade Being Personally Served Court Process Over SIM Card Case

by Freelanews
February 3, 2020
Untitled 1 15
General

‘Akoin’ Music mogul to build $6bln city spending own digital currency in Africa

by Freelanews
August 19, 2020
pjimage 16
General

‘Preliminary investigation’ Army raids Boko Haram logistics suppliers in Yobe (Photo)

by Freelanews
May 29, 2021

Leave a ReplyCancel reply

Tiktok Community

You're not logged into Tiktok, please login here
UBA bank ad UBA bank ad UBA bank ad

Recent News

photo 2026 10 18 09 33 18

Researcher outlines ethics of covert fieldwork in decoupled zones

October 18, 2026
images 16 1

North will give Tinubu more votes in 2027 — Shettima

October 18, 2026
images 15 1

Christianity hasn’t stopped traditional rites — Ondo monarch

October 18, 2026
HU4hcgdWQAAdZFB

Flydubai captain recounts axe attack by co-pilot mid-flight

October 18, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie scaled

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
photo 2026 10 18 09 33 18

Researcher outlines ethics of covert fieldwork in decoupled zones

October 18, 2026
images 16 1

North will give Tinubu more votes in 2027 — Shettima

October 18, 2026
images 15 1

Christianity hasn’t stopped traditional rites — Ondo monarch

October 18, 2026
HU4hcgdWQAAdZFB

Flydubai captain recounts axe attack by co-pilot mid-flight

October 18, 2026
ADVERTISEMENT
October 2026
SMTWTFS
 123
45678910
11121314151617
18192021222324
25262728293031
« Sep    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • #image_title

    17 mobile money operator companies licensed by CBN in Nigeria

    0 shares
    Share 0 Tweet 0
  • Ifeoma playfully reacts as Paul Okoye receives recognition in Australia

    0 shares
    Share 0 Tweet 0
  • ‘Breaking News’ Babatunde Omidina, Baba Suwe, is dead

    0 shares
    Share 0 Tweet 0
  • Hair vendor Precious and two others found dead in Delta residence

    0 shares
    Share 0 Tweet 0

Just Published!

photo 2026 10 18 09 33 18

Researcher outlines ethics of covert fieldwork in decoupled zones

October 18, 2026
images 16 1

North will give Tinubu more votes in 2027 — Shettima

October 18, 2026
images 15 1

Christianity hasn’t stopped traditional rites — Ondo monarch

October 18, 2026
HU4hcgdWQAAdZFB

Flydubai captain recounts axe attack by co-pilot mid-flight

October 18, 2026
Police 3

Oyo police rescue one-month-old baby sold for ₦2m

October 18, 2026
No Result
View All Result
  • About Us
  • Contact
  • Cookie Policy
  • Editorial Charter
  • Corrections Policy
  • Advertisement

© 2026 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2026 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.