Niger courts Dangote Group’s partnership to explore newly discovered oil blocs

• Dangote Group has demonstrated its expertise successful the vigor assemblage and is present being courted by others to assistance successful crude lipid exploration
• A caller geological survey discovered astir 20 further lipid blocs successful Niger, and present the authorities is looking to commence exploration
• The authorities has extended an invitation to Dangote Group and different players successful the organised backstage sector

Legit.ng writer Ruth Okwumbu-Imafidon has implicit a decennary of acquisition successful business reporting crossed integer and mainstream media.

After successfully mounting the Dangote Petrochemical Refinery successful Lagos State, Nigeria, the Dangote Group is present being invited to lend to the vigor assemblage successful Niger State.

Governor Umaru Muhammed Bago of Niger State urged the Dangote Group and different backstage assemblage investors and experts to travel and bash concern successful Niger State.

Speaking astatine the Dangote Special Day lawsuit astatine the Niger National Trade Fair successful Minna, Niger State, helium said the authorities was looking for experts and investors to articulation its hydrocarbon exploration efforts.

Dangote Group has demonstrated method expertise by successfully establishing the refinery successful Lagos State. Photo credit: Dangote Group, Contributor
Source: UGC

Given its proven expertise successful the petroleum sector, helium noted that Dangote Group was well-positioned to importantly lend to the exploration and improvement of lipid blocs.

Note that the national authorities of Nigeria has threatened to reclaim dormant lipid blocs if their owners bash not commence exploration.

Already, five lipid blocs had been withdrawn from the 2024 licensing rounds.

Niger discovers lipid blocs successful Bida Basin

Niger State precocious discovered immoderate lipid blocs successful the Bida Basin, and is present actively seeking partners successful the hydrocarbon exploration.

This was revealed arsenic portion of the findings successful a 2023 geological survey report.

The study identified 17 commercially viable lipid blocs successful the Bida Basin, with hydrocarbon reserves that can prolong commercialized activities for up to 70 years.

The identified areas agelong crossed Niger and Kwara states, and the study rated them arsenic having promising hydrocarbon potential.

Niger State invites Dangote radical to research crude

Governor Bago was represented by the authorities Permanent Secretary of the Ministry of Trade, Industry, and Investment, Hamza Bello Sarki.

He described the latest find of lipid blocs arsenic the state's summons to economical prosperity and promised that it would beryllium a win-win for each partners.

The politician commended the Dangote Group for being the large sponsor of the 2025 Niger National Trade Fair, and urged it to beforehand its concern with monolithic investments.

He noted that the Dangote radical had shown its method expertise successful energy improvement by completing and starting the Dangote Petrochemical Refinery.

Dangote radical pledges enactment to Niger state

Mr. Hashem Ahmed, who represented the Dangote Group, states successful his remarks that the radical is acceptable to proceed partnering with Niger authorities to assistance unlock its afloat potentials.

He spoke astir the publication to the cultivation assemblage done the Niger Food Initiative, adding that the Dangote Rice Mill successful Wushishi would soon beryllium completed to boost section atom production.

A caller geological survey discovered 17 caller lipid blocs successful Niger State. Photo credit: Contributor
Source: Getty Images

Ahmed commended the steps taken by the authorities to pull backstage investors, particularly the planned constitution of a Free Trade Zone to trim bottlenecks and pull large-scale investors.

FG speaks astir the 2024 lipid blocs allocation

In related news, the Nigerian authorities has successfully conducted the 2024 lipid licensing rounds, assigning caller owners to the lipid blocs.

Legit.ng reported that the Chairman of the 2024 bid circular committee has shared details of the full process, explaining however they handled the enactment process.

This was successful effect to allegations that the process was marred by corrupt practices and underhanded deals.

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Source: Legit.ng