Anambra to Get 13% Derivation Earning as Oil Producing State

Anambra to Get 13% Derivation Earning as Oil Producing State
Anambra will begin to earn 13 per cent derivation in line with its status as an oil-producing state from March 2022, Governor Willie Obiano has said.
Obiano disclosed this at a parley with journalists in Aguleri, Anambra East Local Government Area after a tour of the Awka International Convention Centre and Anambra Cargo and passenger airport on Saturday.
He said he was notified by the Nigeria Midstream and Downstream Pricing and Regulatory Agency (NMDPRA) who had confirmed the lifting of crude oil in commercial quantity in Anambra.
He said Anambra had 15 oil wells with ENIYE 10940 Oil field operated by SEEPCO fully operational and wholly owned by the state. Obiano also said the rice production of the state had hit 530,000 metric tonnes yearly from the 85,000 metric tonnes capacity of 2014.
He said the revolution his administration brought into the agricultural sector made the state become not only self-sufficient in production but a net exporter of the commodity space.
According to him, the state demand was just about 330,000 metric tonnes of the total output noting that a lot of businesses had been invested in the sector and that many family economies had been transformed by the boom.
He said the Anambra Airport which was fully operational would boost trade and commerce as well as export capacities of the state, thus lifting internal revenue generation (IGR) capability.
Obiano said the 10,000 capacity International Convention Centre would be inaugurated on March 9. He noted that he would not be going for any political office but announced that his wife, Mrs. Ebelechuwku Obiano, would be contesting for Anambra North Senatorial District.