Niger Delta Warning: You are not logged in. Your IP address will be publicly visible if you make any edits. If you log in or create an account, your edits will be attributed to your username, along with other benefits.Anti-spam check. Do not fill this in! ===Oil revenue derivation=== Oil revenue allocation has been the subject of much contention well before Nigeria gained its independence. Allocations have varied from as much as 50%, owing to the [[Nigerian First Republic|First Republic's]] high degree of regional autonomy, and as low as 10% during the military dictatorships. {| class="wikitable" |+Oil revenue sharing formula ! Year !! Federal !! State* !! Local !! Special Projects !! Derivation Formula** |- | 1958 || 40% || 60% || 0% || 0% || 50% |- | 1968 || 80% || 20% || 0% || 0% || 10% |- | 1977 || 75% || 22% || 3% || 0% || 10% |- | 1982 || 55% || 32.5% || 10% || 2.5% || 10% |- | 1989 || 50% || 24% || 15% || 11% || 10% |- | 1995 || 48.5% || 24% || 20% || 7.5% || 13% |- | 2001 || 48.5% || 24% || 20% || 7.5% || 13% |} ''* State allocations are based on 5 criteria: equality (equal shares per state), population, social development, land mass, and revenue generation. '' ''**The derivation formula refers to the percentage of the revenue oil-producing states retain from taxes on oil and other natural resources produced in the state.'' [http://info.worldbank.org/etools/docs/library/5783/State_and_Governance_Nigeria.htm World Bank Report] Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here. You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see Christianpedia:Copyrights for details). Do not submit copyrighted work without permission! Cancel Editing help (opens in new window) Discuss this page