13% Derivation Fund: Obaseki Responds To Wike Challenge, Says Edo Got Only N2.1bn

Written by on November 24, 2022

As Governors of the South-South battle to defend how they expended billions of Naira accrued to them from the 13 per cent derivation funds over the years, Edo State governor, Godwin Obaseki, on Wednesday, said his State has so far received a total of N2.1 billion paid in three tranches of N700m each.
The governor’s explanation comes on the heels of a public challenge by a fellow Niger Delta governor, Nysom Wike of Rivers State, who openly challenged his colleagues in the South-South to account for the 13 per cent derivation funds received by them over the years, saying it was the same money he used in executing mega projects in Rivers State.
Speaking for Governor Obaseki, leadership reports that the State’s Commissioner for Information and Orientation, Chris Nehikhare, in company of the Commissioner for Budget and Planning, said the Edo State has so far received three tranches of the 13 per cent derivation fund since the commencement of the release of the money.

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