Crude oil ‘discovered’ in Borno

Crude oil has been discovered in vast quantity in Borno state, the News Agency of Nigeria (NAN) has reported.

According to NAN, the disclosure was made on Thursday by Jamila Shua’ra, permanent secretary, ministry of petroleum resources.

Shua’ra was reported to have made the announcement at the presentation of the 2016 petroleum sector scorecard in Abuja.

She listed the discovery of crude oil in Borno as one of the achievements of the ministry in 2016.

“Our doggedness culminated in the discovery of oil in new frontiers – Lagos and Borno”, she was quoted as saying.

The introduction of the petrol Price Modulation Matrix, she said, was another achievement of the ministry or petroleum resources.

Other achievements listed are the “all round availability of petrol in all outlets; eradication of payment on fuel subsidies; and located foreign direct investment to finance midstream oil and gas infrastructure”.

She further stated that the “adopted exit strategies on Joint Venture Cash Call; robust engagement of host communities to reduce agitations; and creation of more stable industrial relations” were some of the accom