Business
Oil Find Excites Kwara Gov
The Kwara State Government says it is set to join the list of oil-producing states following the discovery of crude oil in Ara Orin in Irepodun Local Government.
Gov.AbdulFatah Ahmed announced the discovery in Ilorin while receiving the management of National Mirror Newspapers who paid him a courtesy call in Ilorin on Sunday.
He said that the discovery came as the state identified solid minerals development and mining as key sources of internally- generated revenue to fund its development programmes.
The elated governor explained that the discovery was first highlighted by a farmer who discovered crude oil spouting from his farm and seven other adjoining sites and alerted the state government.
Giving further clarification, the governor said geologists from the state Ministry of Industry and Solid Minerals were subsequently directed to confirm whether the substance was indeed crude oil and if so, identify the blend.
According to him, the ministry officials did not only confirmed the substance as crude oil but also identified the blend as Bonny Light, a high-grade of crude oil preferred by European and American refineries due to its unique properties.
A statement by the Senior Special Assistant on Media and Communications to the governor, Dr Muyideen Akorede, disclosed that the find was subsequently verified through independent analysis by a private oil company which also confirmed the government’s findings.
Ahmed said further tests were being carried out to determine if the crude discovered in Ara Orin in Irepodun local government is in commercial quantities.
The governor pointed out that the finding was a welcome boost to the state’s economy and Kwara’s emerging reputation as one of Nigeria’s most conducive investment destinations.
Ahmed identified solid minerals development and mining as one of his administration’s key policy thrust for driving development in the state.
He said the sector would go a long way in boosting Kwara’s internally-generated revenue by attracting foreign and indigenous investors to the state.
The governor said the Ministry of Industry and Solid Minerals had been directed to catalogue all mineral and mining sites in the state with a view to regulating the sector and effectively managing the state’s resources.
The Team Leader of the Mission, Dr. Michael Larinde, decried the lack of genuine and improved seeds in the country.
“The ugly situation must be changed and that is why this pilot scheme is aimed ensuring that farmers produce improved seeds”.
Reports say that the CBARDP is being sponsored by the International Fund for Agricultural Development (IFAD) in the seven northern states of Borno, Jigawa, Katsina, Kebbi, Sokoto, Yobe and Zamfara States.
It is being implemented under a counterpart fund arrangement involving the Federal, states and local governments as well as the benefiting communities.
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