Kogi state government says it has received its first allocation from the federation account for the 13% oil derivation.
This was revealed by Kingsley Fanwo, the state’s information commissioner, following the State Executive Council meeting on Thursday at Government House in Kogi.
The Niger Delta provides the majority of Nigeria’s crude oil and gas. However, Kogi State was recognised as the owner of the Oda River-1 oil well by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) in 2021, making the North-central state eligible for the 13 percent derivation fund.
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The amount received by the state is unclear but Governor Yahaya Bello, who shared news at the meeting, assured attendees that his administration is committed to continuing to add victories for the state, according to Mr. Fanwo.
“It’s on record that this administration has recorded many giant strides in various sectors covering the thematic areas of our governor’s New Direction Blueprint,” he said.
“This new breakthrough in the derivation allocation will no doubt make us do more for our people.
“On breaking the news, our governor said he was so elated to announce to the good people of Kogi State that the administration has received our first derivation allocation as an Oil Producing State.
“This announcement is in line with the administration’s commitment to transparency and accountability, for which we have received many awards.
“We worked hard to make this history. But we wouldn’t have achieved it without the support of our people, who stood resolutely with us to make this see the light of the day.
“We also wish to express our gratitude to President Muhammadu Buhari for his leadership roles as well as the RMAFC for making this a reality, ” he stated.
The Commissioner added that Mr. Bello reiterated his commitment to the populace to see to it that the resources were utilized for their benefit.
”We will build more schools, hospitals and construct more roads. We will empower our youth and women. Under my watch, we will ensure security.”
While noting that the allocation came at a time the State Government was building legacy projects across the state, the governor pledged to ensure “judicious use of the derivation allocation”.
“Our governor has once again proved that he is a goal getter with the tenacious manner he defended the interest of the state to be listed as an Oil Producing State,” the Commissioner said
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