Anambra State has been officially recognized as an oil producing State, and therefore entitled to draw from the 13 per cent derivation fund.
The recognition by the Revenue Mobilisation Allocation and Fiscal Commission(RMAFC) follows Governor Willie Obiano’s application to that effect.
The request was for due share of revenue accruing to the country from oil and gas production activities in Anambra State.
The approval letter through the Secretary, Mr. M. B. Shehu, and addressed to Governor Obiano said the commission approved the attribution of 11 oil wells to Anambra State.
It also approved the attribution of Anambra River One, Two and Three oil wells, to be shared on 50-50 per cent basis between Anambra and Kogi states, pending the final delineation of boundaries of the two states.
The 11 oil wells attributed to Anambra State are Nzam-One oil well, Alo-One oil well and Ogbu-One oil well.
Others are Ameshi One, Two, Three and Four oil wells, as well as Enyie One, Two, Three and Four oil wells.
The Revenue Mobilisation and Fiscal Commission’s approval was made at its 139th plenary held on July 27, 2021.
The letter however indicated that the 13 per cent derivation will take effect when the revenue from the operations of the oil wells starts contributing to the Federation Account.