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Governor Abdullahi Sule has issued marching orders to the newly inaugurated Advisory and Technical Committee on Oil and Gas in Nasarawa State, charging them to ensure the realization of the oil and gas potentials of the state.He gave the orders while inaugurating the committee at the Government House on Friday.
“As you are aware, the oil and gas industry has continued to take center stage in the economy of our country. This is in spite of the efforts of the government to diversify into agriculture, solid minerals, and other sectors of the economy as alternative sources of revenue. Available reports indicate that the oil and gas sector contribute 65 percent of the government revenue and really 85 percent of Nigeria’s foreign exchange earnings.
“Let me also add that, we received a study that showed that the quantum of the reserve in Nasarawa State will further increase the national hydrocarbon reserves to about 50bn barrels while increasing the country’s oil production capacity to roughly about 3m barrels per day,” he said. He therefore charged members of the committee to leave above board and justify the confidence the government and people of Nasarawa State reposed in them.“I am happy that traditional rulers and other stakeholders are here to ensure that the safety of this project depends on you. The success of this project depends on the peace that we have in that area. You have to ensure not only the protection of the project but the people working on the project.
“To monitor and facilitate compliance with all the oil and gas laws, including seamless compensation to the host communities. To facilitate the execution of corporate social responsibilities of host communities in the state. To develop appropriate partnership and investment for the realization of the project for the mutual benefit of the state and the investors of the project.
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