Oil Has Been Discovered In The North! – State Government To Commence Oil Exploration In 19 States

Plans to commence exploration of oil and gas in the Lake Chad area of North-East is in place, the New Nigeria Development Company (NNDC), a business conglomerate of the 19 northern state governments, has revealed.

The Board of Directors’ Chairman, Alhaji Bashir Mohammed Dalhatu, who addressed journalists after the conglomerate’s annual general meeting in Kaduna on Friday said, “Oil and gas blocks have been discovered in the North. But for security challenges in the North-East, exploration would have gone far.”

Dalhatu, however, said, “…we have since re-engaged our people to be totally committed to the oil exploration and exploitation of both oil and gas resources. We believe that will spring boot revival of economy in the region.”

The NNDC’s board chairman when asked when exploration will commence said: “We are commencing the exploration within the year 2016. We are already talking with technical partners that would help us explore the resources.”