Kogi state has joined the league of oil-producing states in Nigeria, having received its first derivation allocation from the Federation Account.
This was disclosed by the state governor, Yahaya Bello on Wednesday at a weekly executive council meeting held at the Lugard House in Lokoja.
This development makes Kogi the first northern state to enjoy such privilege in Nigeria.
Bello said, “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.
“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 youths and women. Under my watch, we will ensure security.”
State Commissioner for Information and Communications, Kingsley Fanwo, while addressing journalists, said that the governor would ensure “judicious use of the derivation allocation”.
“Our 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, ” the Commissioner said.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
