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By Abdulwaheed Olayinka Adubi, Kaduna
The Director Media and Publicity, Bola Ahmed Tinubu Presidential Support Committee (PSC), Kailani Muhamad, has disclosed that the newly discovered oil blocks in Bauchi and Gombe will be developed by the NNPC Limited.
He also explained that the oil blocks will be jointly managed by the Sterling Global Oil and New Nigeria Development Company (NNDC) alongside the NNPC Limited.
While speaking during a press conference at his residence in Kaduna at the weekend, he said, one of the wells at Kolmani in the Upper Benue trough has a reservoir of 1 billion barrels of crude oil, while the other has a reservoir of 500 million cubic feet of gas.
Kailani however, explained that the discovery of the oil blocks in the north is a national economic breakthrough.
Speaking further, he fumed at some Nigerians whose view was that the laying of the pipeline to Gombe was a scheme to take crude oil from the Southern part of the country to the North.
“I have said it several times and I will say it yet again; our so-called elites have always been leaning towards heating up the polity in order to achieve selfish ends. We are happy that President Buhari has broken the jinx of Oil and Gas economy politics by dragging the net around the country in his efforts to beef up the nation’s treasury trajectory.
“Apart from the Gombe Bauchi discovery, there are other locations in the Northern part of the country with large deposits of hydrocarbons. All these deposits will generally impact the Nigerian economy.
“The oil and gas discovered and being in Gombe and Bauchi cannot be consumed by the indigenes of the two states alone, but it is for the benefit of the entire nation,” Kailani explained.
Kailani who is the Chief Executive Officer, Network for Election Education, Sensitisation and awareness, appealed to President Buhari to ensure that explorations in the new locations begin before the end of his tenure in 2023.
While analysing the gains of the oil wells, he explained that with an estimated 1 billion barrels of crude oil reserve from the new northern oil wells, Nigeria is expected to gain nearly $73 billion or N32.3 trillion at an average global crude oil price of $73 per barrel benchmark that can be used for the 2023 budget proposal.