By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
  • Business & Economy
    • Markets & Trade
    • Banking & Finance
  • Creative Economy
  • Agriculture
  • Technology
  • Policy
  • Energy
  • Opinion
  • Support XOL Africa
Reading: Nigerian State Oil Company Resumes Oil Exploration in Bornu
Share
Notification Show More
Font ResizerAa
Font ResizerAa
  • Business & Economy
  • Creative Economy
  • Agriculture
  • Technology
  • Policy
  • Energy
  • Opinion
  • Support XOL Africa
Have an existing account? Sign In
Follow US
  • Advertise
Home » Blog » Nigerian State Oil Company Resumes Oil Exploration in Bornu
Energy

Nigerian State Oil Company Resumes Oil Exploration in Bornu

3 days ago
3 Min Read
By
XOL Africa
Share
SHARE

The Nigerian National Petroleum Company Limited, NNPCL, has expressed readiness to fast-track the resumption of oil exploration in Borno, following discussions with Gov. Babagana Zulum on the state’s energy development.

The commitment was made on Thursday when Mr Zulum received a delegation of the company’s top management, led by its Board Chairman, Ahmadu Musa Kida in Maiduguri.

The meeting focused on the resumption of exploration activities in the Borno Basin and the delayed upgrade of the Maiduguri Emergency Power Plant.

Zulum, while welcoming the delegation, emphasised the strategic importance of restarting oil exploration in the state, describing Borno as a location with significant commercial potential and strategic advantages due to its borders with three countries.

He expressed optimism that renewed exploration activities would unlock the state’s hydrocarbon resources, attract investment and stimulate economic development.

The governor, however, expressed concern over the slow pace of work on the Maiduguri Emergency Power Plant, a critical infrastructure expected to improve electricity supply in the state.

He noted that in spite of the availability of necessary materials at the project site for about two years, the upgrade remained incomplete.

He, therefore, urged the NNPCL management to intervene and address the delays, stressing that the project was vital to the socio-economic well-being of residents of Maiduguri and its environs.

He said improved electricity supply would support businesses, enhance public services and contribute to the state’s economic recovery.

Responding, Kida assured the governor of the company’s readiness to fast-track the resumption of oil exploration in the Borno Basin.

He also pledged to address the bottlenecks delaying the completion of the emergency power plant.

The NNPCL chairman commended Zulum for his continued support and efforts towards creating conducive environment for investment and energy development in the state.

The meeting was attended by the Deputy Governor, Umar Kadafur; Secretary to the State Government, Bukar Tijani; Acting Chief of Staff, Dr Babagana Mallumbe and other senior government officials.

Members of the NNPCL delegation included Mr Udy Ntia, the Executive Vice President, Upstream and Mr Olalekon Ogunleye, the Executive Vice President, Gas, Power and New Energy.

 

SUPPORT AFRICAN BUSINESS JOURNALISM

Help XOL Africa expand independent business reporting across Africa.

SUPPORT XOL AFRICA →
Nigeria makes deep offshore oil investment more attractive with new tax incentive rules
Why diesel prices are rising as war disrupts global fuel supplies
ExxonMobil CFO to Address Barclays Energy Conference as Investors Assess Strategy
Renaissance Backs Bonny Tourism and Investment Vision
Senegal unveils draft national energy efficiency strategy to accelerate energy transition
TAGGED:Nigeria
SOURCES:NAN
Share This Article
Facebook LinkedIn Threads Bluesky Copy Link
Previous Article TotalEnergies raises third interim dividend by 5.9% to €0.90 per share
Next Article From reforms to delivery: Our infrastructure investment and growth strategy, by Bola Ahmed Tinubu

Follow US

FacebookLike
XFollow
YoutubeSubscribe
LinkedInFollow

Weekly Newsletter

Subscribe to our newsletter!
Popular News
Energy

Rwanda Signs Nuclear Energy Agreement With Russia’s Rosatom to Develop Small Reactors

XOL Africa
By
XOL Africa
20 hours ago
Africa Makes Olympic History as Dakar 2026 Youth Games Open in Senegal
Abia has repaid over N90bn debt in 3 years — Otti
Kenya Airways turns to US technology group PROS to boost revenue with AI
Nigeria-founded OPay makes New York Stock Exchange debut after $304mn IPO

XOL Africa is a Tallinn-based African magazine documenting the people, ideas, institutions, and events shaping Africa’s future.

  • About us
  • Contact us
  • Privacy Policy
  • Support XOL Africa

Follow us

Join Us!
Subscribe to our newsletter.
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?