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Oil Wells Recovery From Delta to Boost Anambra Revenue – Official

Anambra Oil Wells Recovery May Increase State’s 13% Derivation – Official

byAwesome Ekene
March 6, 2026
in Business, SouthEast Times
Oil Wells Recovery From Delta to Boost Anambra Revenue – Official

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…also working to recover additional oil wells currently claimed by Imo, Rivers and Enugu.

Awka, Nigeria — The iNews Times reports that the Anambra oil wells recovery from neighbouring Delta State is expected to significantly boost the state’s revenue profile once the verification process by federal authorities is completed.

The Anambra State Government announced that it has recovered a substantial number of oil wells previously attributed to Delta State following a recent verification exercise.

Managing Director of the Anambra State Solid Mineral Development Company and Chairman of Anambra State Petroleum Energy Resources Limited, Mr Charles Ofoegbu, disclosed this while speaking with journalists in Awka on Thursday.

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Ofoegbu said the development followed a verification exercise conducted by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on oil wells located around the Anambra River Basin.

He noted that once the commission’s report is approved, the state would begin to receive additional revenue from the oil wells located along the maritime boundary between Anambra and Delta states.

“Anambra was fully admitted into the list of Nigeria’s oil-producing states in 2025 with an initial production output of about 3,000 barrels per day.

“Some oil wells belonging to the state had previously been subject to boundary disputes with neighbouring states, particularly Delta,” he said.

Speaking further on the Anambra oil wells recovery, Ofoegbu revealed that the state government is collaborating with foreign investors to establish a modular refinery in Ossamala in Ogbaru Local Government Area.

“This modular refinery will produce petroleum and diesel to serve Anambra and neighbouring states, thereby generating huge revenue for the state.

“The government is also working to recover additional oil wells currently claimed by Imo, Rivers and Enugu states due to boundary issues.

“The recovery will increase the state’s 13 per cent oil derivation from the Federal Government,” he revealed.

Ofoegbu further disclosed that the agency is opening a kaolin mining site at Ukpor as part of efforts to boost the state’s internally generated revenue.

He added that the government is also working towards establishing a bentonite processing plant at Achalagu, Nteje, with raw materials sourced from Umuchu and Ufuma.

According to him, revenue from the oil sector has already contributed to the performance of the state administration under Governor Chukwuma Soludo across several sectors, including the development of Solution Fun City.

Awesome Ekene

Awesome Ekene

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