Governor Ododo lobies for investment in the oil exploration which aligns with the drive of the renew hope agenda

 

Kogi State Governor, Alhaji Ahmed Usman Ododo, is driving investment in oil exploration, seeking collaboration between the state and federal governments. He made this call during a visit to Senator Heineken Lokpobiri, Minister of State Petroleum Resources, in Abuja .

Governor Ododo reaffirmed his administration's commitment to creating an enabling environment for investors, aligning with President Bola Ahmed Tinubu's pursuit of oil exploration in Nigeria's frontier basins . Senator Lokpobiri reassured Kogi's status as an oil-producing state, pledging federal support to mobilize investments and explore the state's vast oil deposits .

The Petroleum Industry Act mandates the Nigerian Upstream Petroleum Regulatory Commission to explore frontier basins, with the federal government committed to unlocking new discoveries . Kogi State became Northern Nigeria's first oil-producing state after the federal government confirmed commercial oil quantities in 2022 .

This development is expected to boost Kogi State's economy and contribute to Nigeria's overall oil production. Would you like more information on Nigeria's oil industry or Kogi State's economic developments?