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

Dangote Refinery Cuts Fuel Prices Again, Signals Further Moderation

Dangote Petroleum Refinery & Petrochemicals has announced another reduction in the ex-depot price of Premium…

4 hours ago

Rescue Mission: Governor Lawal Approves N7.2bn for Community Projects Across Zamfara

Zamfara State Government under the leadership of Governor Dauda Lawal has earmarked N7.2 billion for…

5 hours ago

Tokunbo Wahab And The Burden of Responsibility; More Kudos Than Knock

BY OLADAPO SOFOWORA In the relentless theatre of Lagos' environmental space, the stakes are measured…

5 hours ago

NUT’s Suspension Of Strike Demonstrates Patriotism, Commitment To Pupils’ Future – Adeniran

The Executive Chairman of the Oyo State Universal Basic Education Board (OYOSUBEB), Dr. Nureni Aderemi…

5 hours ago

Comrade Dauda Joins Residents As Ikeja Hosts Celebrity Boxing Promotion

The Executive Chairman of Ikeja Local Government, Comrade Akeem Olalekan Dauda (AKOD), on Wednesday joined…

7 hours ago

Buruj Academy Duo Raheem & Fawas Set For Italy, UK, Netherlands Tour

Golden Eaglets stars, Raheem Moyinoluwa Salaudeen and Fawas Ayomide Adeleke, are set to resume preparations…

7 hours ago
Sponsored