Nigeria is the destination for new projects in the oil and gas industry in Africa valued at over $48 billion, the Group Managing Director of the Nigerian National Petroleum Corporation , Maikanti Baru, has said.
Mr. Baru, who disclosed this at the 2019 International Petroleum Week conference which began in London, Wednesday, said this excludes over 20 planned projects in the pipeline in various locations across the continent. However, he called on investors to utilize the huge investment opportunities available in these upcoming capital projects within Nigeria’s oil and gas Industry.
“With over 14 oil producing countries, Africa currently accounts for about 126.5 billion barrels of crude oil, or 7.5 percent, and about 488 TCF of gas, or 7.1 percent of global proven oil and gas reserves respectively,” he said.
What is the positive impact on the citizens of Nigeria?
Non is in Northern Nigeria but they will get 60% from statutory allocation and loot 20%. Rest of Nigeria gets 20%. But still they are polio, illiteracy/Poverty, meningitis, Lassa fever, terrorism capital of Africa. U think God is dull?
I hope this reflects better life for Nigerians because that is what matters most.