Ondo State has received a total of ₦155 billion as its share of the 13% oil derivation fund between 2017 and 2025, according to official figures from the National Bureau of Statistics (NBS) and FAAC reports.
The breakdown from The Cable shows a fluctuating trend over the years. In 2017, the state got ₦15.54bn, which rose slightly in 2018 to ₦16.59bn, before dropping to ₦13.72bn in 2019.
The lowest allocation came in 2020, with just ₦10.65bn, while 2021 recorded ₦11.67bn.
A dramatic increase was recorded in 2022, when the state received ₦29.81bn, making it the highest inflow within the eight-year period. This was followed by ₦21.63bn in 2023 and ₦20.25bn in 2024.
For 2025, Ondo has already received ₦15.51bn between January and May alone, indicating that the year’s total may surpass previous averages if the trend continues.
The figures highlight the crucial role oil revenue plays in Ondo’s fiscal structure, with calls growing for greater transparency and accountability in the management of the funds to ensure visible impact on communities in oil-producing areas of the state.
