TheCable
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The amount is a statutory allocation of the 13 percent derivation formula as enshrined in section 162, sub-section 2 of the Nigerian constitution. The states were Delta , Akwa-Ibom, Bayelsa, Rivers, Edo, Ondo, Imo, and Abia. The National Bureau of Statistics (NBS) said this in the latest federation account allocation committee (FAAC) reports.