Nigeria's oil states: A N620bn test of leadership

    Dr. Oluyemi Adeosun | Editor’s picks | Sep 01, 2025    
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Nigeria's oil-producing states have received an unexpected gift that could prove either transformative or catastrophic. Between January and May 2025, these nine states collected N620.23bn ($418m) in derivation payments—more than double the N308.19bn received during the same period last year. The windfall, driven by higher oil prices and improved remittances from the Nigerian National Petroleum Company, represents a 101 per cent increase that should be cause for celebration. Instead, it demands urgent introspection.

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