Cross River projected to regain oil-producing status after federal review
Cross River State is set to be re-listed as an oil-producing state following the submission of a federal committee report. The Revenue Mobilisation, Allocation and Fiscal Commission received the final report after a rigorous verification process. The committee’s findings indicate that Cross River could reclaim its status with over 100 producing oil wells, especially from OML 114. Stakeholders view this as a significant step towards restoring economic justice and constitutional equity for the state.
What we know
- The final report was submitted on Friday, February 13, 2026, to RMAFC Chairman Mohammed Shehu by 10 committee members.
- The verification exercise ran for six months, from August 2025 to February 2026, scrutinizing crude oil and gas coordinates from 2017 to 2025.
- Cross River is projected to regain oil-producing status with more than 100 producing oil wells, particularly from OML 114.
- In May 2024, Cross River benefited from an earlier report attributing 67 wells from OML 114, though it was not implemented.
- Implementation of the new recommendations awaits presidential approval from Bola Tinubu and a plenary session of the RMAFC Board of Commissioners.
