In what seems like a desperate move in
the face of cash crunch, President
Muhammadu Buhari has ordered the Nigerian National Petroleum Corporation, NNPC,
to increase the tempo on crude oil exploration activities in the northern part
of the country.
Group Managing Director of the NNPC,
Mr. Maikanti Baru, who made this known, yesterday, when governor of Bauchi
State, Mr. Mohammed Abubakar, paid him a courtesy visit in Abuja, decried that
Nigeria was currently facing difficult times.
Baru said the NNPC currently had
exploration activities going on in the frontier basin in Chad and also in some
areas close to the Kolmani River, located in Bauchi State, where Shell said it had
made some indicative discovery of hydrocarbons.
Baru said based on the directive of
the President, the NNPC was taking steps to re-strategise and get into those
regions to step up crude oil exploration activities.
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