Anambra to start earning 13% oil derivation from March, state’s rice production up by 524%
Governor, Willie Obiano has revealed that Anambra State will start to earn the 13% derivation with effect from March 2022, as part of benefits of its status as an oil-producing state.
This was made known by Obiano on Saturday during a chat with journalists in Aguleri, Anambra East Local Government Area after a tour of the Awka International Convention Centre and Anambra Cargo and passenger airport.
According to a report from NAN, the governor said he was informed by the Nigeria Midstream and Downstream Pricing and Regulatory Agency (NMDPRA) who had confirmed the lifting of crude oil in commercial quantity in Anambra.
Obiano pointed out that Anambra had 15 oil wells with ENIYE 10940 Oil field operated by an indigenous oil exploration and production firm, SEEPCO, fully operational and wholly owned by the state.
On rice production in Anambra state, the governor said that the state’s production capacity had hit 530,000 metric tonnes yearly from the 85,000 metric tonnes capacity of 2014. This represents about 524% increase in production.
He noted that the state has not just only become self-sufficient in rice production, but is also a net exporter of the commodity, as a result of the revolution his administration brought into the agricultural sector.
Obiano revealed that 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.
Going further, he said the Anambra Airport which was fully operational would boost trade and commerce as well as export capacities of the state adding that the 10,000 capacity International Convention Centre would be inaugurated in March 9
