CHAIRMAN OF THE NORTHERN ECONOMIC SUMMIT, PROFESSOR JERRY GANA
The Northern Economic Summit (G-20) has disclosed that the federal government has provided the sum of $100 million in 2013 to facilitate the exploration activities for oil and gas in the region.
The areas where such explorations are ongoing include the Chad Basin, Benue Trough, Bida basin, and Sokoto-Rima basin, among others.
Chairman of the Northern Economic Summit and former minister, Professor Jerry Gana, who gave a progress report of action taken on economic development issues by the group since its 2011 summit, said that the money would be used for continuous assessment of hydrocarbon resource potentialities of the seven inland basins in Nigeria.
Besides the $100 million for 2013, Gana said that government had, in 2011, provided the sum of $70 million and another $70 million in year 2012 for the same exercise.
The Northern Economic Summit (G-20) has disclosed that the federal government has provided the sum of $100 million in 2013 to facilitate the exploration activities for oil and gas in the region.
The areas where such explorations are ongoing include the Chad Basin, Benue Trough, Bida basin, and Sokoto-Rima basin, among others.
Chairman of the Northern Economic Summit and former minister, Professor Jerry Gana, who gave a progress report of action taken on economic development issues by the group since its 2011 summit, said that the money would be used for continuous assessment of hydrocarbon resource potentialities of the seven inland basins in Nigeria.
Besides the $100 million for 2013, Gana said that government had, in 2011, provided the sum of $70 million and another $70 million in year 2012 for the same exercise.
