NEWS

Anambra Joins League Of Nigeria’s Oil Bearing States

By Kelvin Alohan

Following an approval by President Muhammadu Buhari, Anambra State in South-East Nigeria, has become one of the country’s oil bearing states, and would join its counterparts to begin enjoying the 13percent derivation on oil revenue.

Extractive360 learnt that the presidential approval was conveyed to the state Governor, Mr. Willie Obiano on September 8, 2021.

According to the state government’s spokesman, Mr. C. Don Adinuba, Anambra state hosts 11 oil wells which includes Nzam-1, Alo-1, Ameshi-1, 2, and 3, and Enyie-1, 2 , 3 and 4.

The letter that confirms Anambra’s new oil bearing status was endorsed by the Chief of Staff to the President, Prof. Ibrahim Gambari.

Meanwhile, the presidency has resolved the boundary disputes between Anambra and Kogi states over areas that host crude oil in Anambra-1, 2 and 3 oil wells. The Revenue Mobilization Allocation and Fiscal Commission ruled that Anambra and Kogi share derivation from the three wells.

In a similar vein, the President has resolved other disputed oil wells between Edo and Delta states, attributing Okpo-1 and Oda River-1 to Edo, while Iji-1 was attributed to Delta State. Both Edo and Delta States are already on the league of oil bearing states.

 

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