Breaking News: Anambra State Becomes An Oil Producing State

Anambra State has joined 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 sequel to the Revenue Mobilisation Allocation and Fiscal Commission’s approval of Obiano’s request.

The request was for 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 atribution of Anambra River One, Two and Three oil wells, to be shared on 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 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.

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.