Nine Nigerian States Share $76 Million Oil Derivation Funds
September 30, 2025
5:21 pm
Nine Nigerian States’ July Oil Derivation Funds allocation has fallen slightly from the June records as oil revenue rises sharply, government data reveals.
Nine Nigerian states have shared ₦117.7 billion ($76 million) from the country’s 13% oil derivation fund for July 2025, according to the Office of the Accountant-General of the Federation (OAGF).
The report, presented to the Federation Account Allocation Committee (FAAC) in August, shows the payout was 0.46% lower than the ₦118.26 billion distributed in June. The funds are reserved for oil-producing states under Nigeria’s revenue-sharing formula, which allocates a portion of proceeds from crude oil and gas …
