Anambra State To Start Earning 13% Oil Derivative By March 2022

by Admin

Governor Willie Obiano says Anambra will begin to earn 13 per cent derivation in line with its status as an oil producing state starting from March.


Mr Obiano disclosed this at a media parley with journalists in Aguleri, Anambra, 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, who had confirmed lifting of crude oil in commercial quantity in the state. He said Anambra had 15 oil wells with ENIYE 10940 Oil field operated by SEEPCO fully operational and wholly owned by the state.


Mr 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.He said 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.

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