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Anambra to begin 13% oil derivation earning from March – Obiano

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Governor Willie Obiano says Anambra 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.

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

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.

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