Nigeria has discovered huge crude oil concentration in Borno State, North East, raising the hope of the region joining the league of oil producers.
Lagos state recently joined the league of crude oil producers.
Some states in the league are Bayelsa, Rivers, Delta, Akwa Ibom.
The Permanent Secretary, Ministry of Petroleum Resources, Dr. Jamila Shua’ra, broke the news on Thursday at the presentation of the 2016 petroleum sector scorecard in Abuja.
She said that the discovery of crude oil in Borno State was one of the achievements of the ministry during the year.
“Our doggedness culminated in the discovery of oil in new frontiers – Lagos and Borno,” Leadership reported on Friday.
She also listed the introduction of the petrol Price Modulation Matrix as another achievement of the ministry.
Other achievements are the all round availability of petrol in all outlets; eradication of payment on fuel subsidies; and located foreign direct investment to finance midstream oil and gas infrastructure.
The adopted exit strategies on Joint Venture Cash Call; robust engagement of host communities to reduce agitations; and creation of more stable industrial relations, she said were other achievements.
-NAN
