By Iliya Kure
Anambra State, southeast Nigeria will soon benefit from the 13% Derivation fund following Federal Government’s approval and its classification as Oil Producing State.
The Revenue Mobilisation Allocation and Fiscal Commission has approved a request by Governor Willie Obiano of the state for due share of revenue accruing to the nation from oil and gas production activities in Anambra state.
The approval letter signed by RMAFC’s secretary, Mr M.B. Shehu, and addressed to Governor Obiano, the Commission says it approved the attribution of eleven oil wells wholly to Anambra state.
It also approved attribution of Anambra River 1, 2 and 3 oil wells, to be shared on 50:50 percentage 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-1 oil well, Alo- 1 oil well, and Ogbu- 1 oil well.
Others are Ameshi 1, 2, 3 and 4 oil wells, as well as Enyie 1, 2, 3 and 4 oil wells.
Revenue Mobilisation and Fiscal Commission’s approval was at its 139th plenary session, held on 27th July, 2021.
It said the 13% derivation will take effect when the said revenue from the operations of the said oil wells starts contributing into the federation account.
