Anambra joins oil producing states

It was another landmark for Governor Willie Obiano, following the declaration that the state will start to benefit from the 13 per cent derivation fund.

This was a sequel to the Revenue Mobilisation Allocation and Fiscal Commission’s approval of Obiano’s request.

The request was for a due share of revenue accruing to the nation from oil and gas production activities in Anambra State.

The approval letter through the Secretary, Mr M. B. Shehu, and addressed to Governor Obiano said the commission approved the attribution of 11 oil wells to Anambra State.

It also approved the attribution of Anambra River One, Two and Three oil wells, to be shared on a 50-50 per cent basis between Anambra and Kogi states, pending the final delineation of boundaries of the two states.

The 11 oil wells attributed to Anambra State are the Nzam-One oil well, the Alo-One oil well and the Ogbu-One oil well.

Others are Ameshi One, Two, Three and Four oil wells, as well as Enyie One, Two, Three and Four oil wells.

The Revenue Mobilisation and Fiscal Commission’s approval was made at its 139th plenary held on July 27.

The letter said the 13 per cent derivation will take effect when the revenue from the operations of the oil wells starts contributing to the federation account.

About admin

Check Also

No rift over APC campaign council- says spokesman

There is neither riff nor mistrust between All Progressives Congress (APC) National Chairman Senator Abdullahi …

Leave a Reply

Your email address will not be published.