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 Reactions As Anambra State Receives First 13% Derivatives Payment From Fed. Govt. As Oil Producing State
July 27, 2022

Reactions As Anambra State Receives First 13% Derivatives Payment From Fed. Govt. As Oil Producing State

Anambra, Goodnews is Here: Today, Anambra just received its first 13% derivatives payment from the Federal Government as an oil producing State

The Anambra State Government has announced that it started earning a 13% derivation income today, in accordance with the state’s status as an oil-producing state.

This was disclosed by the Governor aides in a tweet

He said that he was notified by the Nigeria Midstream and Downstream Pricing and Regulatory Agency (NMDPRA) that crude oil in commercial quantities had been lifted in Anambra.

According to him, Anambra currently has 15 oil wells with ENIYE 10940 Oil fields operated by SEEPCO fully operational and wholly owned by the state.

In September 2021, Anambra joined the list of oil-producing states following the footsteps of Akwa Ibom, Rivers, Delta, Bayelsa, Ondo, Edo, Imo, Abia and Lagos states.

meanwhile residents have urged the governor to make judicious use of the fund as the state cannot afford to take steps backwards in developmental goals

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