Economy
By Anthony Isibor.
THE federal government through the office of the Revenue Mobilization Allocation and Fiscal Commission has approved the inclusion of Anambra State as an oil-producing state.
The approval was conveyed in a letter by the commission to the Anambra State Government on Tuesday, August, 24, 2021 and signed by Mohammed Bello Shehu, secretary to the commission.
The letter, which was written in response to the Anambra State government’s request for the due share of revenue accruing to the nation from oil and gas production activities in the state, stated that the commission at its 139th plenary session held on 27th July 2021 approved the attribution of the following oil wells to Anambra state.
- Nzam-1 Oil well.
- Alo-1 Oil well.
- Ogbu-1 Oil well.
- Ameshi 1, 2, 3, and 4 Oil wells.
- Enyie 1, 2, 3, and 4 Oil wells.
It added that the commission also approved the attribution of Anambra River 1, 2, and 3 oil wells on a 50:50 percentage basis between Anambra and Kogi states pending the final delineation of the boundary between the two states.
According to the commission, Anambra state will start to benefit from the 13% derivation fund as soon as proceeds from the operation in the above-named oil wells start contributing revenue into the Federation Account.
– Sept. 01, 2021 @ 15:59 GMT |
A.I
Tags: Revenue Mobilization Allocation and Fiscal Commission
