Sponsored
News

Anambra Receives First 13% Derivation Fund As Oil-Producing State

Sponsored
Sponsored

IZUNNA OKAFOR 

Anambra State Government has confirmed the receipt of her first share of the 13% derivation in her new status as an oil-producing state in Nigeria.
Recall that the state was confirmed an oil-producing state by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) in August, 24, 2021, through a letter with the reference RMC/O&G/48/VOL/I/55, and signed by the RMAFC Secretary, M.B Shehu, which automatically entitles the state to the 13 per cent derivation fund.
Shared monthly, the 13 per cent derivation fund comes from the Federation Account to oil-producing communities through the state governments, as enshrined in Section 162, Sub-section 2 of the Nigerian Constitution.
Anambra State, however, got its own first-time share of the derivation fund this July, 2022 —a development that has been greeted by wide commendations from people of the state to the APGA-led government in the state.
Confirming the news of the receipt, the Chief Press Secretary to Governor Chukwuma Soludo, Mr. Christian Aburime, when contacted, also confirmed the exact amount received by the state, as against the wrong figure being peddled around by some individuals.
According to him, while it is true that Anambra State recieved its first 13% derivation fund as an oil-producing state this July; it is however, untrue that the amount is N373 billion, as is being peddled in some media platforms.
Mr. Aburime further confirmed that the correct amount and first ever 13% derivation recieved by Anambra State is N268,232,939.
Sponsored
Alinnor Arinze

Recent Posts

National Awards: Obasa Congratulates Alake, Omatseye, Otitoju, Other Media Professionals

Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, has congratulated some…

3 hours ago

Democracy Day: Princess Folashade Olabanji-Oba Rallies Nigerians Especially Women To Make Polling Units ‘Beacons Of Hope’ Ahead Of 2027

As Nigeria marks another historic June 12 Democracy Day, prominent political leader, Aarebirin Hon. Princess…

5 hours ago

Ikeja LG Boss, Comrade Dauda Greets Nigerians On Democracy Day

OLALEKAN ONI As Nigeria marks another Democracy Day, the Executive Chairman of Ikeja Local Government,…

6 hours ago

JMG At 28 – A Groundbreaking Trajectory from Generator Supplier to Electro- Mechanical Powerhouse

JMG Limited, Nigeria’s foremost integrated electromechanical solutions company is celebrating 28 years of innovation, growth, and industry leadership,  marking…

7 hours ago

Insight Redefini Names Babatunde Olaifa New Group CEO

Insight Redefini Group, Nigeria and West Africa’s largest integrated marketing communications network and a member…

8 hours ago

Access Holdings Chairman, Aig-Imoukhuede Says Acquisition Phase Over, Focus Shifts to Shareholder Returns

BY FUNSHO AROGUNDADE Access Holdings Plc Chairman Aigboje Aig-Imoukhuede said the group has completed 20…

8 hours ago
Sponsored