What Atiku Said On Buhari’s Flag Off Of Oil Production In North

Hamilton Nwosa
Writer

Ad

How Nigeria raked in N7.46 trillion trade surplus in Q2 2025, NBS reveals

By Abiola Olawale The National Bureau of Statistics (NBS) has announced that Nigeria achieved a trade surplus of N7.46 trillion in the second quarter of 2025 (Q2 2025). NBS explained that this figure underscores the country's growing export prowess, particularly in key sectors such as mineral fuels and machinery. The latest NBS report, titled Foreign…

Nigeria Records 15.92 % Inflation In March — NBS

Alleged N23bn fraud: Coalition Blast Ibas as Emergency Rule ends soon

Says Ibas dragged Rivers towards bankruptcy By Abiola Olawale With barely a week remaining until the expiration of the six-month state of emergency in Rivers State, Vice Admiral Ibok-Ete Ibas (retd.), the state's sole administrator, is currently embroiled in an explosive accusation of allegedly orchestrating a massive financial heist amounting to about ₦23 billion. The…

Ad

The 2023 presidential candidate of the Peoples Democratic Party, (PDP) has said the oil discovery in the North by the present administration led by President Muhammadu Buhari is a healthy development that will go a long way in boosting the nation’s economic fortunes.

Atiku in a Facebook post, on his verified page, on Wednesday, congratulated the President and outlined the opportunities Nigerians intend to benefit from the discovery.

In his words, “The discovery of crude oil and the official flag-off of the exploration by President Muhammadu Buhari is a healthy development that will go a long way in revitalising the fortunes of the Northeastern region of Nigeria.

“It will create an opportunity for more investment in education with an emphasis on skills training and entrepreneurship development, which in return, will further generate prosperity for our young people and guarantee a better future for the upcoming generation.

“However, this discovery is without prejudice to my focus on the diversification of our economy that will ensure multiple streams of revenues for the country”.

It would be recalled that President Buhari on Tuesday, inaugurated the commercial production of crude oil and gas from the Kolmani Integrated Development Project, the first of its kind in Nigeria’s North.

Located along the fields of Gombe and Bauchi, the Kolmani project, with Oil Prospecting Licence 809 and 810, lies in the Gongola Basin of the Upper Benue Trough, straddling the two Northern states.

The field, according to its promoters, is to start producing about 50,000 barrels of crude oil per day and holds over one billion barrels of crude oil reserves, shooting up Nigeria’s oil reserves to over 38 billion barrels.

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp