A recent report from the Federal Government’s Inter-Agency Committee indicates that Cross River State will likely regain its status as an oil-producing territory. The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) received this final report on February 13, 2026, which was delivered by a committee comprised of 10 out of its 14 members. This development marks a significant step for the state, which has been striving to regain its oil-producing status.

The report followed a rigorous six-month verification process from August 2025 to February 2026. During this period, the committee conducted an extensive review of crude oil and gas coordinates from the years 2017 to 2025. The committee included representatives from various key governmental agencies, namely the National Boundary Commission and the Nigerian Upstream Petroleum Regulatory Commission, indicating a comprehensive approach to the assessment process.

The implications of re-listing Cross River State as an oil-producing entity are substantial. It opens the possibility for increased revenue allocations and economic development within the state. As the local government seeks to enhance its financial standing, this decision could pave the way for more investments in infrastructure and public services, benefiting its residents in the long term.