A Review of the Nigerian Energy Industry

Delta oil producing areas receive N179.4bn in 6 years

Aerial view of a community living next to an oil facility20 January 2014, Asaba – Delta State Commissioner for Finance Chief Kenneth Okpara said at the weekend that the state government disbursed N179.4 billion to the Delta State Oil Producing Areas Development Commission (DESOPADEC) between 2007 and 2013.

Okpara, who disclosed the amount in an interview with newsmen in Asaba, said the fund was meant for the development of oil producing communities in the state.

He added that it was part of the 13 per cent derivation funds that accrued to the state from the federation account.

Okpara said the funds were released annually to the commission for the development of the areas and improvement on the living standard of the people dwelling mainly in rural areas.

The commissioner said that out of the amount, N10.5 billion was released to DESOPADEC in 2007, while in 2008 the commission got N29.4 billion.

Okpara also said that in 2009 the commission was given N27.8 billion, while in 2010 it received N19.8 billion.

He further said that in 2011, the commission received N36.3 billion from the state government and in 2012 it got N36.5 billion.

The commissioner said DESOPADEC also received N18.8 billion in 2013, adding that the fund varied according to the amount the state received from the federation account. (NAN)

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