NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
Akwa Ibom, Delta, Rivers, Bayelsa get lion’s share of fuel subsidy savings shared in June

By News Express on 10/07/2013

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 3,294

Nigeria’s four leading oil producing states – Akwa Ibom, Delta, Rivers, and Bayelsa – received the lion’s share of fuel subsidy savings for the month of May shared last month by the various tiers of government.

Figures released by the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, through the Office of the Accountant-General of the Federation, showed that Akwa Ibom received N1,565,160,374.43, Delta N1,269,765,701.70, Rivers N1,198,272,582.94 and Bayelsa N1,063,111,021.91. In all, the 36 shared N12,885,318,165.66 from the Federal Account Allocation Committee (FAAC).

The Federal Government got N15 billion, in addition to getting N309,278,350.52 for Derivation & Ecology and another N519,587,628.87 for Development of Natural Resources. The sum of N154,639,175.26 was set aside for the Stabilisation Account while the Federal Capital Territory (FCT) received N309,278,350.52 and local governments throughout the country shared 6,371,134,020.62. In all, N35,549,235,691.43 was shared by the three tiers of government.

“The Subsidy Savings for the month of May 2013 is based on benchmark of $90/barrel and at partial subsidy phase out of N97 per litre,” Okonjo-Iweala disclosed. She said the figures were being released to the public because “at the inception of the Subsidy Reinvestment and Empowerment Programme (SURE-P), the Jonathan administration made a solemn commitment to the transparent and accountable implementation of the programme.”  

Details of what each state and local government received could be viewed on News Express’ Home Page and under the Photo Gallery.

Source News Express

Posted 10/07/2013 1:10:24 PM


Share on facebook Yahoo mail icon Gmail icon Share on Google+



REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...


You may also like...
Over 50 killed in fresh Boko offensive in...

Nigerian pilgrim jailed in Saudi Arabia

British High Commissioner urges Buhari to sign NotTooYungToRun...

Bauchi to construct 5,000-capacity multipurpose hall at NYSC...

Buhari in Yola, boasts of fulfilling major promises...

Bishop Kukah throws weight behind amnesty for Boko...

Pollution: Agency indicts two steel companies

Court jails surety as fraudster jumps bail

Dwindling oil revenue: Tambuwal advises states to diversify...

NIPR honours Transcorp Hilton PRM

Ambode visits Idimu tanker fire scene, commiserates with...

Military says Boko Haram leader Shekau irrelevant


Latest News Cameroon holiday hit by violence in English-speaking areas Don't neglect to pay the middleman: How Shell and Eni ended up on trial BREAKING: Olisa Metuh collapses in court 15 feared dead as rival cults clash in Awka •11 suspects in police net Nnamdi Kanu and Nigerian Army: Judicial lessons from America, By Russel Andrew Crowe Senate 2019: If Lola Ashiru runs... Herdsmen ambush troops in Benue; kill 2 soldiers, abduct others Queen of bloggers Linda Ikeji heavily pregnant (See photos) Man beaten to death for allegedly killing cow Buhari to lead one-million-man Democracy Walk Tax evaders have two months left to pay through VAIDS or risk severe punishment — FG FG approves 6 additional fertilizer blending plants


Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (345,003 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (341,648 views) Shameless Genevieve Nnaji exposes breasts in public (273,118 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (224,532 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (205,026 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (202,523 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (176,730 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (159,037 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (150,056 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (143,214 views) Lagos plane crash: Journalist releases victims’ names (139,860 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (132,262 views)


Categories Advertorials (3) African Press Organisation (81) Art & Literature (40) Business & Economy (3,137) Business Verdict (43) Columnists (853) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (497) Features (594) Global Business Monitor (273) International (1,965) Interview (149) Live Commentary (28) Love Matters (120) News (35,456) Opinion (954) Pidgin (10) Politics (5,026) Religion (742) Sports (1,512) Stock Watch (28) AMA & Al Jazeera Global Update


CBN banner

Firstmobile banner




Boko Haram commanders surrender


APO Group Partner




REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera