News Update

Anambra Govt Clears Air on Receipt of 13 Percent Oil Derivation

By Ikeugonna Eleke

The Anambra State Government has clarified news of the receipt of its first 13 percent oil revenue as an oil producing state in the country.

There had been news of the receipt of over N100 billion by the state government as its share of oil derivative, but the state government , while accepting the receipt of the fund, however debunked the amount quoted.

In a press release signed by the Commissioner for Finance, Mr Ifeatu Onejeme, which was made available to Fides in Awka, the commissioner said the state received N268million as its first oil derivative fund for July.

In the release, Onejeme said, ‘The attention of the Anambra State Government has been drawn by well-meaning Ndi Anambra and fellow Nigerians to several false and misleading stories circulating on some social and online media platforms about the 13% Oil Mineral  Derivation Revenue received by Anambra State.

‘This press release is deemed necessary in the public interest in the spirit of full disclosure and in line with our principle of transparency to address the deliberate misinformation and provide Ndi Anambra and the general public with the correct state of affairs.”

The commissioner said the receipt of the fund was made possible by several years of work by industry experts in the state, spanning previous administrations.

‘Following a decade of hard work by industry experts from Anambra State in collaboration with past administrations, Anambra State was officially recognised as a petroleum-bearing and oil-producing state on July 27, 2021.

‘The current administration of Prof Charles Chukwuma Soludo took up the mantle from there with massive follow ups and collaborative initiatives with relevant federal government agencies to achieve the eventual implementation of the decision.

‘Anambra State officially started receiving mineral derivation revenue from the Federation Account in the month of July 2022 with the first net receipt of N268,232,939.16,’ the commissioner stated.

The state government urged the general public to disregard any other information about the amount of mineral derivation revenue received by Anambra State circulating in the social media, online media or any other media as fake news.