Crude oil production up in June
September 1, 2021
At last, the Revenue Mobilisation Allocation And Fiscal Commission (RMAFC) has recognised Anambra and Kogi states as oil producing states with the listing of oil wells in these states by the commission among oil wells which qualify a state to share from the 13 percent derivation.
Governor Willie Obiano of Anambra had written a letter to RMAFC to request that his state be given due share of revenue accruing to the nation from oil and gas production activities.
The request was examined and honoured by RMAFC which in response acknowledged that both states would benefit from the 13 percent derivation fund. But this is subject to when the proceeds from the oil wells in the state are contributed to the Federation Account.
In the approval letter signed by RMAFC’s secretary, Mr M.B. Shehu, and addressed to Governor Obiano, the Commission approved the attribution of eleven oil wells to Anambra.
They are: 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.
The journey to becoming oil-producing states for Anambra and Kogi had lingered. Both states share boundary.
