Oil
Obasanjo, Diri demand more oil revenue for Niger Delta
CEII brief
Punch reported on 13 Oct 2026: Obasanjo, Diri demand more oil revenue for Niger Delta.
Read the full story on PunchFormer President Olusegun Obasanjo and Bayelsa Governor Douye Diri have renewed calls for an increase in the 13% derivation for oil-producing states.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
85.9% of Nigeria’s merchandise exports were fuels in 2025Countries in this story
Original reporting © Punch. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
