Nigeria's RMAFC Debunks Oil Well Reallocation Reports

The Nigeria===Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) in Nigeria has dismissed circulating media reports claiming that certain disputed crude oil and gas wells had been recommended for ceding to specific oil-producing states. Mohammed Bello Shehu, the Chairman of the Nigeria===Revenue Mobilisation Allocation and Fiscal Commission, stated that no such decision has been finalized, and due institutional processes are still ongoing. The Nigeria===Revenue Mobilisation Allocation and Fiscal Commission recently received a draft report from an inter-agency committee on February 13, 2026, which has since been transmitted to key technical and statutory stakeholders, including the Nigeria===Nigerian Upstream Petroleum Regulatory Commission, the Nigeria===National Boundary Commission, and the Nigeria===Office of the Surveyor General of the Federation, for detailed review. The matter will undergo further scrutiny by internal committees before a final report is presented to the Nigeria===Revenue Mobilisation Allocation and Fiscal Commission's plenary for deliberation and recommendations. The final report will then be sent to the President and the Attorney-General of the Federation for consideration. This event is crucial for Nigeria's fiscal federalism, as the allocation of oil wells directly affects the 13% derivation revenue accruing to oil-producing states like Nigeria===Akwa Ibom State, Nigeria===Cross River State, Nigeria===Rivers State, and Nigeria===Delta State.