FG Declares Kogi As Oil Producing State

The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has approved the attribution of the Oda river oil well to Kogi state.

This is following a request by the Kogi State government to declare the state as an oil producing state, according to a letter signed by the Commission’s Secretary, M.B Shehu, and sighted.

The letter which was addressed to the Kogi State Governor, Yahaya Bello and titled RE: REQUEST TO DECLARE KOGI STATE AS OIL AND GAS PRODUCING STATE read “I wish to refer to your letter dated 10th August 2021 on the above subject ND to inform you that the commission at its 139th plenary session held on 27th July 2021 approved the attribution Oda River Oil well 1 to Kogi State. Furthermore, the commission approved the attribution Anambra River 1,2 and 3 Oil wells on a 50:50 percentage basis between Anambra and Kogi States pending the final delineation of boundary between the two States”.

It also added ” According, Kogi state will start to benefit from he 13% derivation fund as soon as proceeds from the operation in Oda River 1 oil well or Anambra River 1,2 or 3 starts contributing revenue into the federation account”.

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