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

Airtel Nigeria Deploys 1,000 Additional 5G Sites

The Chief Executive Officer of Airtel Nigeria, Dinesh Balsingh, said on Friday that it added…

3 minutes ago

ONC & SYF State Position At 2nd Edition Of PIA Public Enlightenment Campaign For OML 54 Host Communities

The Orashi National Congress (ONC) and the Southern Youths Foundation of Nigeria (SYF) have presented…

3 minutes ago

APC Says Tinubu’s Electricity Campaign Promise Should Be Viewed In Full Context

The All Progressives Congress, APC Presidential Campaign Council has said President Bola Ahmed Tinubu's electricity…

10 minutes ago

Aarebirin Hon. Princess Dr. Folashade Olabanji-Oba Celebrates Prince Abiodun Ogunleye At 86

Honourable Commissioner, Lagos State Local Government Service Commission, Aarebirin Hon. Princess Dr. Folashade Olabanji-Oba, has…

58 minutes ago

God’s Blessings Are Ours To Seep, Not To Keep

UGOCHUKWU UGWUANYI  The above caption is a sampling of “Ours to Plough, Not to Plunder”…

1 hour ago

Lagos Teacher Emerges Maltina Teacher of the Year, Wins N10m, SUV, 3-Bedroom Flat

Busayo Adeyemi, a Biology teacher with Lanre Awolokun High School, Gbagada, Lagos has emerged the…

4 hours ago
Sponsored