Home BUSINESS OIL & GAS Kogi Confirmed As Oil Producing State, Receives First Derivation Allocation

Kogi Confirmed As Oil Producing State, Receives First Derivation Allocation

Kogi State has been formally joined oil producing area of the Nigeria with the state Governor, Alhaji Yahaya Bello confirming receipt of the first derivation allocation.

The Governor broke the news yesterday, October 20 at the State Executive Council meeting during which he assuring the people of the determination of his administration to continue to record more wins for Kogites.

He said that his administration had recorded many giant strides in the sectors covering the thematic areas of his New Direction Blueprint, adding that the “derivation allocation will make us do more for our people.

“I am elated to announce to the good people of Kogi State that my administration has received our first derivation allocation as an Oil Producing State.

“This announcement is in line with my 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.

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“Let me reiterate this to the people of Kogi State that my promise to make their resources work for them is iron cast. We will build more schools, hospitals and construct more roads. We will empower our youth and women. Under my watch, we will ensure security.”

The State Commissioner for Information and Communications, Kingsley Fanwo told newsmen after the meeting that the derivation allocation came at a time the State Government was building legacy projects across the State.

“The 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. History will remember him for this feat.”

Also, the State Commissioner for Finance, Budget and Economic Planning, Asiru Idris, said that the administration would continue to put in place more people oriented projects.

Kogites are elated with the full status of Kogi State as an Oil Producing State and have expressed confidence in the capacity of the Yahaya Bello Administration to deliver more democracy dividends to the people.

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