• FG approves four oil wells for Lagos, to commence payment of 13% derivation fund

    FG approves four oil wells for Lagos, to commence payment of 13% derivation fund

    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 […]