Kogi has received its first derivation allocation from the federation account, cementing its status as an oil-producing state.
Kingsley Fanwo, the commissioner for information, announced the development on Thursday after the state executive council meeting.
The commissioner said Yahaya Bello, the governor, assured residents of his administration’s determination to continue to record more wins for the state.
“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.
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“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
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“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.”
Fanwo added that Bello reiterated his promise to ensure that the resources of the state are put to good use.
“We will build more schools, hospitals and construct more roads. We will empower our youth and women. Under my watch, we will ensure security,” he quoted the governor as saying.
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The commissioner noted that the governor pledged to ensure “judicious use of the derivation allocation”.
In September 2021, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) approved the attribution of the Oda River-1 oil well wholly to Kogi state.
The development made the state eligible for the 13 percent derivation fund.
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