The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari yesterday, said oil discovery in the nation’s inland basin would spur massive job creation.
Speaking at the ninth Practical Nigerian Content Summit in Yenegoa, Kyari said the Nigerian economy would reap from the recent discovery of hydrocarbon deposits in the Kolmani River II well in the Upper Gongola Basin section of Benue Trough.
Similarly, the Department of Petroleum Resources (DPR) warned oil marketers in the country to desist from any activity that could cause scarcity of Premium Motor Spirit, adding that it has intensified efforts on products’ monitoring and surveillance.
NNPC equally noted that its subsidiary, Integrated Data Services Limited, (IDSL) has recorded an increase in its revenue base from N5.5billion in 2016, N7.6billion in 2017 to N19.033billion in 2018.
Represented by Chief Operating Officer, Corporate Services, NNPC, Farouk Sai’d, Kyari said: “Between the discovery of hydrocarbon in the Gongola basin and bringing the oil to the market, a lot of processes would be triggered which would snowball into a labyrinth of productive activities with the potential for massive job creation across the value chain.