Federal Government gives additional allocations to oil producing states. The provision to section S

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Federal Government gives additional allocations to oil producing states.
The provision to section S.162(2) of the 1999 Constitution (as amended) of the Federal Republic of Nigeria provides that the principle of derivation shall be constantly reflected in any approved formula determined by the national assembly for revenue allocation from the Federation Account and such derivation shall not be less than thirteen per cent (13% ) of the revenue accruing to the Federation directly from any natural resources.
This made Anambra State to receive N268.2 million revenue in its new status as an oil producing state.
Ifeatu Onejeme Confirmed this latest development as the state Commissioner for Finance.

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