The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has confirmed Anambra as the newest oil state in the country, by approving the attribution of 11 oil wells to it.
This was disclosed in a letter signed by the RMAFC secretary, M.B Shehu, and dated August 24, 2021.
The letter, with reference RMC/O&G/48/VOL/I/55, was addressed to Anambra State Governor Willie Obiano.
By this, Anambra has officially joined the league of oil producing states in the country and therefore eligible for the 13 percent derivation fund.
The 13 percent derivation fund comes from the federation revenue to oil-producing states as enshrined in section 162, sub-section 2 of the Nigerian Constitution.
Other oil-producing states include Abia, Akwa Ibom, Bayelsa, Delta, Edo, Imo, Ondo and Rivers.
Also, RMAFC also also approved the attribution of Anambra River one, two and three oil wells to be shared on 50 percent basis between Anambra and Kogi — pending the final delineation of boundaries between the two states.
“I wish to refer to your letter dated 24th March, 2021 on the above subject and to inform you 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,” the letter reads.
“Furthermore, 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.
“Accordingly, Anambra State will start to benefit from the 13% Derivation fund as soon as proceeds from the operation in the above named oil wells starts contributing revenue into the Federation Account.”
