The nine oil-producing states in Nigeria witnessed a significant increase in their 13% oil derivatives share from the federal government during the first half of 2023, receiving a substantial sum of N544.9 billion. This marks a noteworthy surge of 44.2% compared to the N377.9 billion disbursed in the corresponding period of 2022.


    Despite this considerable allocation boost, these states experienced a notable rise in their debt profile, which escalated by N465.4 billion within the initial six months of the year. This indicates a growing debt burden amid a challenging fiscal environment.

    The disbursement in the first half of 2023 has already surpassed the total amounts shared in the entire years of 2021 (N448.7 billion) and 2020 (N424 billion). The nine states benefiting from this allocation are Abia, Akwa Ibom, Anambra, Bayelsa, Delta, Edo, Imo, Ondo, and Rivers.

    Delta State emerged as the top recipient in the first half of 2023, receiving N180.05 billion, constituting 33% of the total amount distributed among the nine states.

    Following closely is Akwa Ibom, securing N130.8 billion, which represents 24% of the overall disbursement. Notably, the state observed a substantial 63.5% increase in its 13% share compared to the N80.17 billion received in the same period of 2022.

    Bayelsa State obtained N92.96 billion during the review period, reflecting a notable 21.1% increase from the N76.7 billion received in H1 2022. However, it marks a 16.5% decline from the allocation in the second half of 2022, which stood at N92.96 billion.

    Other states and their respective allocations in the first half of 2023 include Rivers (N92.74 billion), Edo (N17.5 billion), Ondo (N16.9 billion), Anambra (N5.4 billion), and Abia with N2.4 billion.

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