Willie Obiano: Anambra State Officially joins Oil producing States in Nigeria
Anambra state has officially joined the league of Oil Producing States in Nigeria, as it will soon start to benefit from the thirteen percent Derivation fund.
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.
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.
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 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.