Oil Find Likely in Niger State

Posted by admin Niger, State News Tuesday, March 8th, 2011

A strong indication emerged weekend on the possibility of crude oil reserves in the flood plain of the river Niger around Bida area of Niger State. The Nigerian Mining and Geosciences Society (NMGS) gave the indication in Minna.The society’s president, Professor Anthony Azubuike Elueze, in a press briefing, said investigations into the samples of the soil from the area was on-going to ascertain the authentic level of reserve. He also disclosed that there were other parts of the country with such prospects. The areas he listed were Chad and Sokoto basins.

According to him “As resources continue to dwindle, we need to look for new grounds as potential areas for natural resources. In Bida area of Niger State, we have prospects of getting hydrocarbons.”

He disclosed that the society would be holding its 46th annual conference and that the samples of soil taken from Bida, which contained hydrocarbon that indicates presence of crude oil underground would be further analysed.

Consequently the president of NMGS said that at the end of the society’s five-day conference it would come out with a resolution on the findings from the Bida Trough to authenticate the presence of crude oil in the area. This, he said, would contribute to the body of knowledge in the area of economic policy in Nigeria.

Elueze therefore called on the federal government to advance ways of sustaining the gains of crude oil in the country even as he cautioned that crude oil as a resource was not renewable and so the gains should be channelled positively to diversifying the nation’s economy.

-Leadershipwp_posts