Lagos State Governor, Mr Akinwunmi Ambode, on Monday said the state had officially joined Nigeria’s league of oil producing states with the discovery of crude oil by Tunde Folawiyo Petroleum Company Limited in Badagry.
Ambode made the declaration when the management of the company led by Mr Tunde Folawiyo, its Group Managing Director, paid him a courtesy visit at the Lagos House, Ikeja.
He commended the firm for its doggedness and achievement of the feat after 25 years of hard work.
“I want to thank you very much for this and I know that based on section 162 Sub-Section 2 of the Nigeria Constitution, Lagos has become an oil producing state.
“By the virtue of this achievement, the 13 per cent derivation that is due to oil producing states, Lagos will start to partake from it by your very good gesture. So, we officially declare Lagos State an oil producing state.
“We also notify the Federal Government by this action that we would be sharing out of the 13 per cent derivation. All we need do is to apply and then we join,” Ambode said.
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