Showing posts with label Crude oil. Show all posts
Showing posts with label Crude oil. Show all posts

Monday 16 May 2016

Lagos Now Officially An Oil Producing State

Lagos State Governor, Mr. Akinwunmi Ambode (right), receiving a sample of the Crude Oil discovered in the State by the Group Managing Director, Tunde Folawiyo Petroleum Company Limited, Mr. Tunde Folawiyo 
Photo: Lagos State government
The Lagos State Governor, Akinwunmi Ambode, on Monday declared that Lagos has officially joined the League of Oil Producing States in Nigeria following the discovery of crude oil by Yinka Folawiyo Petroleum Company Limited in Badagry, Lagos.
Governor Ambode, who made the declaration when the management of the company led by the Group Managing Director, Tunde Folawiyo, paid him a courtesy visit at the Lagos House, Ikeja, commended the firm for their doggedness to achieve the feat after 25 years of hard work, saying by the provision of Section 162 Sub-Section 2 of the Nigeria Constitution, Lagos has become an oil producing State.

Tuesday 23 February 2016

Nigeria to import crude oil in future –Onu


Minister of Science and Technology, Dr. Ogbonnaya Onu has said when on-going economic diversification doubles and redoubles, Nigeria’s Gross Domestic Product (GDP), Nigeria will import crude oil.