Abstract
At the inception of the current democratic regime in 1999, non-implementation of 13% derivation formula was a source of much agitations which metamorphosed from minor unorganized hostilities to highly sophisticated cocktail of militant organizations, and criminal gangs which fed on agitations for fair play in development of the region which metamorphosed from minor unorganized hostilities to highly sophisticated cocktail of militant organizations, bringing governors of the Niger Delta states into closer alliance in quest for better existential conditions for their people. Against the backdrop of the activities of the kleptomaniac governing elites, it appears that allocating more money to the States may not be a guarantee that the funds will be used for the purpose for which they were appropriated. Consequently, the establishment of an institution charged solely with the responsibility of applying the derivation funds to address the nagging developmental needs of the inhabitants of the oil producing communities in the state is recommended. Keywords : 13 Percent derivation fund, Oil bearing communities, Niger Delta, Akwa Ibom, and Development DOI: 10.7176/DCS/10-10-06 Publication date: October 31 st 2020
Highlights
Background to the study Akwa IbomState is the tenth largest State in Nigeria in terms of landmass
As the State that received the highest share of federal allocations in 2016, based on the payment of 13% of petroleum revenues to States of derivation, Akwa Ibom has acquired a tradition of embarking on expensive prestige projects with no apparent benefit for its poor inhabitants
According to Nigeria Extractive Industries Transparency Initiative (NEITI), Akwa Ibom state received the sum of N143.6 billion in 2017 from the Federation Account, reflective of improved global crude oil prices
Summary
State is the tenth largest State in Nigeria in terms of landmass. Its 129km coastline is the longest in the country, it is a very rich source of a wide variety of fishes and sea foods including catfish, barracuda, blue marlin, squid, sardine, croakers, shrimps, prawns, crayfish, snappers, bivalves and oysters. The State is host to Mobil Producing Unlimited, a subsidiary of ExxonMobil Limited. The State capital is Uyo and there exist three Senatorial Districts and ten Federal Constituencies. Akwa Ibom State’s population density is put at 333./km (863.1/sq.ml), with a GDP of $11.18 billion and per capita of $2.779 (Birkhoff, 2007). The State in 2016 kept the record of the highest oil and gas producing state in Nigeria. The major ethnic groups are Ibibio, Annang and Oron. Other ethnic groups include Eket, Ibeno, Obolo/Andoni and Efik
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