Akwa Ibom Govt to receive N51 billion as arrears of oil derivation fund

The Akwa Ibom State Government is expected to receive in 2024 fiscal year the sum of N51 billion from the federation account as arrears of 13 per cent oil derivation fund. The figure, which is contained in the state’s 2024 budget, is one of the projected revenue sources for the funding of the budget. Other … Read more