Connect with us

News

Ogun Becomes Oil-Producing State as Eba Drilling Begins

Published

on

ogun

Ogun State begins oil production as NNPCL starts drilling at Eba well, expected to boost jobs, infrastructure, and Nigeria’s energy diversification

Ogun State has officially joined Nigeria’s oil-producing regions as the Nigerian National Petroleum Company Limited, NNPCL, commenced drilling at the Eba oil well, marking a significant step in regional economic growth and national energy diversification.

Also read: Ogun LG Denies Election of New Oniko, Warns Against False Claims

The development follows presidential approval from Bola Tinubu, which accelerated preparatory activities at the site.

An inspection team, including officials from the Nigerian Upstream Petroleum Regulatory Commission and national security agencies, assessed the well’s operational readiness, safety standards, and regulatory compliance prior to drilling.

Governor Dapo Abiodun hailed the drilling as a landmark achievement for Ogun, projecting that the project will create jobs, attract federal investment, and stimulate infrastructure development along the coastal axis.

Geological surveys had confirmed hydrocarbon deposits, prompting technical engagements and independent verification of the well’s coordinates by the Ogun State Government.

Security has been a central focus, with naval personnel safeguarding the site for over 18 months. The Eba well is part of Nigeria’s broader strategy to expand oil production beyond the Niger Delta, historically dominated by states such as Delta and Rivers.

Stakeholders emphasise strict adherence to environmental safeguards, community engagement, and regulatory compliance to ensure sustainable operations.

Also read: Ogun NAPTIP Repatriates 13-Year-Old Trafficking Victim from Burkina Faso

For residents, the Eba project represents not only crude oil but an opportunity for economic revitalisation. Nationally, it contributes to energy security, diversifies production, and strengthens Nigeria’s position in the global oil market.

72 / 100 SEO Score

Business

WATAF Urges Stronger Media-Tax Cooperation in Africa

Published

on

WATAF

Africa media tax cooperation WATAF is urged as tax forum links press freedom to transparency, compliance and stronger domestic revenue mobilisation

(more…)

66 / 100 SEO Score
Continue Reading

News

Expert Raises Alarm Over Financing Challenges Facing Nigerian Agro-Exporters

Published

on

Agro

Nigeria agro export competitiveness challenges persist as expert cites high borrowing costs, weak infrastructure and post-harvest losses

(more…)

60 / 100 SEO Score
Continue Reading

Business

Nigeria Launches Bold Port Overhaul To Boost Trade Growth

Published

on

Trade

Nigeria port overhaul trade growth drive as government invests $1bn in upgrades, digital systems and reforms to boost AfCFTA competitiveness

(more…)

65 / 100 SEO Score
Continue Reading

Trending News