Oct. 24, 2024

…as Governor Ododo Seeks Partnership to accelerate investment

The minister of state for petroleum resources (oil) Senator Heineken Lokpobiri has reaffirmed the status of Kogi as an oil producing state and pledged the commitment of the federal government towards mobilizing investments to explore the huge oil deposits in Kogi State.

The minister said this when the Kogi State Governor Ahmed Usman Ododo  paid him a working visit on Thursday in Abuja.

The minister stated that the Petroleum Industry Act mandates the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to explore frontier basins and pledged the federal government’s determination to deploy funds to unlock new discoveries and exploration of oil in Nigeria.

The minister also commended Governor Ododo for his giant strides in providing good governance to the people of the state.

Kogi State became the first oil producing state in Northern Nigeria following the affirmation of the discovery of oil in commercial quantities by the federal government in 2022.

On his part, Governor Ododo called for collaboration between the state and the federal government towards accelerating investment in the exploration of oil resources in the state.

Ododo restated his administration’s commitment to providing enabling environment for investors and their investments.

He however expressed willingness of the Kogi State government to cooperate with the federal government to ensure that oil exploration in the state comes on stream in line with the commitment of President Bola Ahmed Tinubu to pursue oil exploration in the frontier basins in Nigeria.