Anambra Joins League of Oil Producing States

kpakpandofm
Read Time:1 Minute, 6 Second

Report has it that Anambra state has finally joined the league of Oil Producing States in Nigeria, as it will soon start to benefit from the thirteen percent Derivation fund.

This is sequel to the Revenue Mobilisation Allocation And Fiscal Commission’s approval of Governor Willie Obiano’s request for due share of revenue accruing to the nation from oil and gas production activities in Anambra state.

According to the approval letter through its secretary, Mr M.B. Shehu, and addressed to Governor Obiano, the Commission, approved the attribution of eleven oil wells wholly to Anambra state. It also approved attribution of Anambra River One, Two, and Three oil wells, to be shared on fifty- fifty percent basis between Anambra and Kogi states, pending the final delineation of boundaries of the two states.

The eleven oil wells wholly attributed to Anambra state, are; Nzam-One oil well, Alo- One oil well, and 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.

Revenue Mobilisation and Fiscal Commission’s approval was at its 139th plenary session, held on twenty seventh July, 2021. It said the 13 percent derivation will take effect when the said revenue from the operations of the said oil wells starts contributing into the federation account.

0 0
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleppy
Sleppy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Nibo Celebrates New Yam Festival In Grand Style

The traditional ruler of Nibo in Awka South Council Area, HRM Eze Ugonwanne Dr. Sir M.C Ngene. (Ezeike 4 of Nibo), has appreciated God in a special way as he celebrated the new yam festival in his palace. It is on record that every last Saturday of August every year […]

Subscribe US Now

Free Shoutcast HostingRadio Stream Hosting