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Thursday, December 7, 2023

Anambra State to start earning 13% oil derivative by march 2022 – Gov Obiano

Gov Obiano said that starting in March, Anambra would begin to receive 13% derivation as a result of its status as an oil-producing state. 

Gov Obiano made the announcement during a press conference with journalists in Aguleri, Anambra, on Saturday, following a tour of the Awka International Convention Centre and the Anambra Cargo and Passenger Airport.  

The Nigerian Midstream and Downstream Pricing and Regulatory Agency had told him that crude oil in commercial quantities had been lifted in the state, he claimed. He claimed that Anambra has 15 oil wells, with the ENIYE 10940 Oil Field, operated by SEEPCO, being fully operational and totally owned by the state.  

Gov Obiano also stated that the state’s rice production capacity has increased to 530,000 metric tonnes per year from 85,000 metric tonnes in 2014. 

He claimed that the agricultural revolution his government brought about enabled the state to become not only self-sufficient in production but also a net exporter of commodities. 

He estimated that state demand was about 330,000 metric tonnes of total output, saying that the industry had attracted a lot of investment and that many family economies had been changed.  

Chinaza Ogbachalu
Chinaza Ogbachaluhttps://www.chinazaogbachalu.com/
My name is Chinaza Ogbachalu, and I am a writer. I have been writing news and opinion articles for five years plus and have always had a passion for storytelling. I grew up in Nigeria and graduated from the University of Port Harcourt, Nigeria, with a degree in linguistics and communication studies. I have written books that have been well-received by critics and readers alike. My work often focuses on culture and lifestyle, and I draw inspiration from my own experiences and observations of the world around me. As a news writer, I am responsible for researching and writing engaging and accurate news stories for our online audience. I have a strong passion for current events and am skilled at conducting interviews and gathering information from sources. I am grateful for the support of my readers and am constantly humbled by their enthusiasm for my work. Thank you for taking the time to learn more about me and my writing.
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