The Kogi State government has begun the process of securing investors for the state’s oil and gas exploration.
This was the outcome of a meeting earlier this week between Governor Usman Ododo, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, and the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, to discuss future oil and gas exploration in the state.
Special Adviser on Media to the Governor, Ismaila Isah disclosed in a statement that the meeting, which took place at the Ministry’s headquarters in Abuja, focused on strategic steps to attract investment and technical support for the development of the state’s hydrocarbon deposits by taking advantage of the frontier basin exploration fund domiciled with the NUPRC.
Governor Ododo expressed the State’s readiness to collaborate with relevant federal agencies and stakeholders in harnessing its natural resources to drive economic growth through the exploration and development of the state’s oil and gas assets.
He noted that strategic steps taken by the state government including enactment of the law establishing the Oil Producing Area Development Commission and engagement with relevant agencies of the federal government and other partners are necessary to ensure that stakeholders are involved in the process of developing the state’s oil and gas resources in the best interest of the people and prospective investors.
