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Buhari Approves Anambra As Oil Producing State

President Muhammadu Buhari has approved Anambra State as an oil producing state, thereby qualifying it for sharing in the 13 percent derivation revenue for minerals-producing states in the country. The approval was conveyed via a letter signed by the president’s Chief of Staff, Professor Ibrahim Gambari, to Governor Willie Obiano of Anambra State in response […]

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President Buhari Mulls Review Of 13% Derivation Formula

President Muhammadu Buhari  on Friday assured that his administration may consider the review of  the 13 per cent derivation formula constitutionally provided for oil producing states in order to reduce agitations in the Niger Delta region ensure socio-economic wellbeing  of the people. The President’s promise was given when the Isoko Traditional Rulers and personalities led […]