Skip to content
August 17, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Bayelsa confirms receipt of arrears of 13% oil derivation refunds from FG
  • National News

Bayelsa confirms receipt of arrears of 13% oil derivation refunds from FG

Admin November 23, 2022
time to change

Douye Diri: Governor Bayelsa State

November 22, 2022

Bayelsa government confirmed on Tuesday that it had been receiving refunds of arrears of 13 per cent oil derivation proceeds from the Federal Government.

It did not state how much had been received, however.

Tuesday’s confirmation by Bayelsa followed Rivers Gov. Nyesom Wike’s declaration and commendation for President Muhammadu Buhari for authorising the payment of the money that had been owed since 1999.

At the weekend, Wike declared that Niger Delta states had been receiving the funds since 2019 and challenged governors in the region to account for the windfall.

Reacting to Wike’s claim and challenge to the governors, Gov. Douye Diri of Bayelsa admitted that the state had been getting the funds and deploying same to capital projects.

Diri said that the state discounted the funds.

Diri’s reaction is contained in a statement issued by his Chief Press Secretary, Mr. Daniel Alabra.

“For people who are talking about the 13 per cent derivation funds due to the state, I want to state that for one reason or the other, we were under-paid.

“When we discovered that, we followed due process from the state’s Executive Council to the state’s House of Assembly.

“Approvals were given and the funds were discounted.

“I do not play politics with this kind of thing. Anybody who wants to see how we use our money, our monthly transparency briefing on our financial income and expenditure are available.

“One kilometre of road we build in Yenagoa is costlier than three kilometres or four kilometres of road built elsewhere.’’ Diri said.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Gov. Douye Diri Mr. Daniel Alabra Nyesom Wike

Post navigation

Previous RECOLLECTIONS: TIME FLIES AND CHANGES EVERYTHING
Next FG to grow oil reserves to 40bn barrels by 2025 – Sylva

Related Stories

NPF arrests, repatriates Chadian fugitive wanted for murder in N’Djamena  Ekiti abductors
  • National News

NPF arrests, repatriates Chadian fugitive wanted for murder in N’Djamena 

August 17, 2026
BBNaija: Kamsy loses out on N160m cash prize, evicted
  • National News

BBNaija: Kamsy loses out on N160m cash prize, evicted

August 17, 2026
Former Kaduna Gov. El-Rufai Sues ICPC, AGF for N10bn Over Denied Family Access in Custody ICPC
  • National News

Former Kaduna Gov. El-Rufai Sues ICPC, AGF for N10bn Over Denied Family Access in Custody

August 16, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Groundbreaking ‘Sundiata Post Model’ Concludes, Proposing New Lexicon for 21st-Century Journalism
  • Commentaries

Groundbreaking ‘Sundiata Post Model’ Concludes, Proposing New Lexicon for 21st-Century Journalism

August 17, 2026
West Africa cocoa sector struggles to meet EU anti-deforestation rules, raising supply concerns
  • Business & Economy

West Africa cocoa sector struggles to meet EU anti-deforestation rules, raising supply concerns

August 17, 2026
NPF arrests, repatriates Chadian fugitive wanted for murder in N’Djamena  Ekiti abductors
  • National News

NPF arrests, repatriates Chadian fugitive wanted for murder in N’Djamena 

August 17, 2026
12 Reasons Adeleke Won Again In Osun Despite All Odds, By Azuh Arinze
  • Politics

12 Reasons Adeleke Won Again In Osun Despite All Odds, By Azuh Arinze

August 17, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.