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Anambra receives N268.2m as oil-producing state

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Anambra State government confirmed yesterday that it has received N268.2 million revenue in its new status as an oil-producing state.

The amount was from the mineral derivation revenue from the Federation Account for the month of July 2022 totalling N268,232,939.16.The state Commissioner for Finance, Ifeatu Onejeme, who confirmed the development said the feat was finally achieved sequel to Professor Chukwuma Soludo’s “massive follow up and collaborative initiatives with relevant federal government agencies.

Recall that Anambra State was recognized as an oil-producing state during the administration of former Governor Willie Obiano.

Apparently reacting to social media reports that the state received over N300bn from the federal government as its share of 13% oil derivation, the Commissioner insisted that what the state received was N268,232,939.16.

Onejeme said: “The attention of Anambra State government has been drawn 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.

Vanguard

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