Derivation: Anambra to earn 13% from March

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Derivation: Anambra to earn 13% from March

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

Obiano disclosed this at a parley with journalists in Aguleri, Anambra East Local Government Area after a tour of the Awka International Convention Centre and Anambra Cargo and passenger airport on Saturday.

Derivation: Anambra to earn 13% from March

He said he was notified by the Nigeria Midstream and Downstream Pricing and Regulatory Agency (NMDPRA), which had confirmed lifting of crude oil in commercial quantity in Anambra.

This had fully confirmed the state’s derivation capacity.

He said Anambra had 15 oil wells with ENIYE 10940 Oil field operated by SEEPCO fully operational and wholly owned by the state.

 

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 by the boom.

He said the Anambra Airport which was fully operational would boost trade and commerce as well as export capacities of the state.

Obiano said the 10,000 capacity International Convention Centre would be inaugurated in March 9.

His successor, Prof. Charles Chukwuma Soludo, is due to be inaugurated on March 17 at a short ceremony.

Soludo is of the All Progressives Grand Alliance and trounced his closest challengers in the Peoples Democratic Party and All Progressives Congress by a wide margin in the November 6, 2021 governorship election.

He noted that he would not be going for any political office but announced that his wife, Mrs Ebelechukwu Obiano, would be contesting for Anambra North Senatorial District. (NAN)