The Akwa Ibom State government has confirmed receipt from the Federal government, N186billion as its share of the 13% oil derivation backlog to oil producing communities.
The State Commissioner for Finance, Linus Nkan, disclosed thia at a press conference in Uyo.
The government was reacting to is the comments by Rivers State governor, Nyesom Wike, alleging that the oil-producing states have refused to disclose their share of the 13% derivation arrears paid by the Federal government from 1999 to all the Niger Delta states.
Nkan, at the media parley, said the State government has only received N186 billion from the Federal government.
He explained that even though the Federation Account Allocation Committee (FAAC) agreed with the detailed submission and calculated the sums accruing to the states, it was agreed that the payments be made in tranches quarterly, over a period of five years, due to the large amount involved and the inability of the Federal government to pay in one fell swoop.
Nkan further assured the people of the commitment of the Udom Emmanuel administration to ensure judicious and justifiable application of available resources to provide for the needs of the people.