Michael Eboh
Dublin, Ireland — Nine states shared N117.714 billion from the 13 per cent oil derivation funds allocated to oil producing states in July 2025, according to a report by the Office of the Accountant-General of the Federation (OAGF).
In the August 2025 report presented to the Federation Account Allocation Committee (FAAC), the OAGF noted that the amount shared by the nine states in July 2025 was 0.46 per cent lower than the N118.256 billion shared by the nine oil mineral producing states in June 2025.
According to the report, the nine states are Abia, Akwa Ibom, Anambra, Bayelsa, Delta, Edo, Imo, Ondo, Rivers.
The OAGF reported that in July 2025, Abia received N1.268 billion; Akwa Ibom – N23.738 billion; Anambra – N1.85 billion; Bayelsa – N26.407 billion; Delta – N34.636 billion; Edo – N3.83 billion; Imo – N2.589 billion; Ondo – N3.31 billion, and Rivers – N20.086 billion.
In comparison, the OAGF noted that in June 2025, allocation from the 13 per cent oil derivation funds to Abia state stood at N1.712 billion; Akwa Ibom – N24.051 billion; Anambra – N1.877 billion; Bayelsa – N26.275 billion; Delta – N36.017 billion; Edo – N3.768 billion; Imo – N2.347 billion; Ondo – N3.295 billion, and Rivers – N18.913 billion.
Giving a breakdown of the allocation, the OAGF stated that the nine oil producing states received N91.785 billion from the crude oil revenue portion of the 13 per cent derivation funds, while N25.929 billion was allocated to the states from the country’s earnings from gas.
In June 2025, the nine states received N95.661 billion from the derivation from crude oil revenue, while N22.594 billion was allocated to the states from the country’s earnings from gas.
Also, providing an explanation on its portion of oil and gas revenue from which allocation was made to the nine states, the Nigerian National Petroleum Corporation Limited (NNPCL) stated that its total oil and gas earnings stood at N84.481 billion in July 2025, rising by 270.95 per cent from N22.774 billion recorded in the previous month.
The NNPCL said it earned N25.344 billion from Management Fee in July 2025, which is 30 per cent of profits from Production Sharing Contracts (PSC), rising from N6.832 billion in the previous month; while it earned N25.344 billion from the Frontier Exploration Funds payments in July, up from N6.832 billion in June 2025.
The NNPCL further stated that Federation share of PSC (40 per cent share PSC) stood at N33.793 billion, rising sharply from N9.110 billion in June 2025.
