The Federal Government today announced that four out of the
five Aje oil wells have been approved for production of crude
oil in Lagos. A team led by the Chairman of the Indices and
Disbursement Committee of the Revenue Mobilisation
Allocation and Fiscal Commission (RMAFC), Aliyu Mohammed,
paid a courtesy visit to Lagos State Governor, Akinwunmi
Ambode, at the Lagos House, Ikeja.
Mohammed told Governor Ambode that the committee was in
Lagos to verify crude oil and gas production from Aje Oil
Wells for the purpose of disbursement of the 13 per cent
Derivation Fund to the state in line with the Nigerian
Constitution. He said the Commission had set-up an Inter-
Agency technical Committee comprising of the RMAFC, DPR,
Office of the Surveyor General of the Federation and the
National Boundary Commission to determine the location of
the Aje Oil Wells.
Mohammed said the Technical Committee recommended that
for the purpose of the Derivation Fund as spelt out under
Section 162 (2) of the 1999 Constitution as well as the
provision of the Allocation of Revenue Act 2004, number 1, 2,
4 and 5 of the Aje Oil Wells fall within 200m isobaths and
therefore should be attributed to Lagos State.
Governor Ambode described the visit as historic as it was the
official step that would take Lagos to that final destination as
an oil-producing state.
“We are very glad to receive this delegation. We also
want to thank the Federal Government, most especially
President Muhammadu Buhari for making this to
happen very promptly. I want to say that this has
been the promptest action that has been taken by
RMAFC since I have known the Commission. I used to
be a former Account General so I had a lot of
transactions and relationship with the institution called
RMAFC. Within a span of about 60 days of when we
wrote our letter, and even before we wrote the letter,
this technical committee was actually set up. It
gladdens me to say that the institution works and is
working for the good of Nigeria” he said
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