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Baliet commissioner to invest oil revenue into agriculture

Author: | Published: Friday, May 19, 2023

Baliet Commissioner Joseph Deng speaks to Eye Radio's Sundown Program. | Photo: Moyo Jacob Felix

The Commissioner of Baliet County in Upper Nile State said his administration will use the oil revenue share to invest in agriculture.

Joseph Deng Angau said his government will channel part of the oil-share into agriculture to boost food production in the County.

The Petroleum Revenue Management Act 2012 states that oil-producing states are to receive two percent shares of the oil revenue.

The Act also dictates that the communities in oil-producing counties will receive 3 percent of the share.

“We have plans in Agriculture. When the money is transferred to the county account, we will try to provide agricultural tools and equipment first, including tractors and the normal irrigation machines,” he told Eye Radio.

He also said part of the shares will be used to enhance education and health sectors.

Between 2014 and 2020, a sum of 25.6 million US dollars for the oil-producing areas was deposited into the account opened by the finance ministry and the Bank of South Sudan.

But in 2020, $24,492,528 was withdrawn and a balance of $1,102,239 was left.

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