Oil producing states: FG okays 13% derivation fund for Lagos

18 August 2016, Lagos — The Federal Government, yesterday, announced the approval of four of the five Aje Oil wells, discovered in Lagos State and disclosed plans to commence disbursement of 13 per cent derivation fund to the state as an oil producing entity. Lagos State Governor, Mr. Akinwunmi Ambode (right), presenting a State plaque […] More »