FG moves to ensure equitable 13% derivation fund distribution, re-verifies oil wells

The Federal Government, through the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), has taken steps to ensure equitable distribution of the 13% derivation fund among oil-producing states. This is being done through the re-verification of disputed and newly drilled oil and gas wells. The move aims to address discrepancies in the derivation fund allocation.

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