Anambra Recovers Substantial Oil Wells From Delta, Eyes Higher FAAC Allocation

Soludo Reaches Deal With Onitsha Main Market Leaders, Promises Better Security

The Anambra State Government on Thursday announced its recovery of a substantial number of oil wells belonging to the state but were initially attributed to Delta State.

The Managing Director of the Anambra State Solid Mineral Development Company and Chairman of Anambra State Petroleum Energy Resources Limited, Prof Charles Ofoegbu, disclosed this in Awka during a media chat with reporters.

Anambra was fully added to the list of Nigeria’s oil-producing states in 2025 with an initial output of 3,000 barrels per day. However, some oil wells belonging to the state, particularly around the Anambra River Basin, were subject to boundary disputes with neighbouring Delta State.

Ofoegbu revealed that once the report of a verification exercise conducted by the Revenue Mobilisation Commission (RMC) on the oil wells is approved, Anambra State will begin to receive additional revenue from the oil wells located on the Anambra maritime boundary with Delta State.

This was as he disclosed that revenue from the oil sector has contributed “immensely to the spectacular performance of Governor Chukwuma Soludo in all sectors, including the construction of Solution Fun City.”

The managing director maintained that the state government is working tirelessly to recover a substantial number of Anambra oil wells currently claimed by Imo, Delta, Rivers, and Enugu States due to boundary issues, which will, in turn, increase the state’s 13 per cent oil derivation from the Federal Government.

He added that the state government is currently collaborating with foreign investors to set up a modular refinery in Ossamala, Ogbaru Local Government Area.

“This modular refinery will produce petroleum and diesel to serve Anambra State and its neighbouring states, which will generate huge revenue for the state,” he said.

Ofoegbu revealed that his agency is currently opening a kaolin mining site at Ukpor in Nnewi South Local Government Area, which will also generate significant revenue for the state.

He further said the state government is working towards establishing a processing plant for bentonite at Achalagu, Nteje, while the raw materials are found in Umuchu and Ufuma, noting that bentonite, which is used in the oil industry, will also generate additional revenue for the state.

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