Cross River Has 119 Oil Wells Amid 13% Derivation Dispute
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Reported Facts
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- •Cross River State reportedly has 119 oil wells according to a recent report.
- •Governor Otu is actively challenging the current 13% derivation fund allocation.
- •The 13% derivation fund is a Nigerian government policy that allocates oil revenue to oil-producing states.
- •The dispute involves how much revenue Cross River State should receive based on its oil production.
What Could Happen If...
- ▸If Governor Otu successfully increases the derivation percentage for Cross River Cross River State would receive more oil revenue, potentially boosting local development and public services.
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