As the Federal Government’s drive for oil and gas exploration in the nation’s inland basins gathers momentum, the need for the right policy to encourage private investment has come to the fore.
Last week, President Muhammadu Buhari directed the Nigerian National Petroleum Corporation to commence exploration activities in the Benue Trough, a major geological formation underlying a large part of Nigeria, extending about 1,000km North-East from the Bight of Benin to Lake Chad.
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