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Tuesday, 17 May 2016

POLITICS: Lagos State Now Officially An Oil Producing State

Lagos State has officially joined the league of Oil Producing States in Nigeria following the discovery of oil by Tunde Folawiyo Petroleum Company Limited in Badagry, Lagos. Akinwumi Ambode the governor of Lagos State made this known yesterday while receiving sample of the Crude Oil.
Mr. Tunde Folawiyo paid a courtesy visit to the governor where he presented the samples of the crude oil. Governor Ambode praised Tunde Folawiyo for his company’s effort in discovering oil in Lagos after 25 years of hard work, saying that by the provision
of Section 162 Sub-Section 2 of the Nigeria Constitution, Lagos has become an oil producing State.
He declared, “I want to thank you very much for this and I say it with all conviction because I know that based on section 162 Sub-Section 2 of the Nigeria Constitution, Lagos becomes an oil producing state and by virtue of this, the 13 percent derivation that is due to oil producing states, Lagos will start to partake from it by your very good gesture”
Lagos is the first state outside the Niger Delta to become an oil producing State, but has also opened up a new page for revenue generation in the State.
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FACEBOOK COMMENTS

Simon Kasham Bala and 4 others like this.

Jesse Osayande Vucinic Ehiagwina

Do we export crude oil in finished product? That should be the concern. In the end we'll export it and bring it back after refining at a higher price. Stupid country

Endy Edeson

@jesse: but the president is working towards building more refineries

Jesse Osayande Vucinic Ehiagwina

I know that. That takes time. This country has sunk into a hell hole. No wonder the country sucks and doesn't work.

Jeremiah Ademolu

It will be of more benefits if refine here in Nigeria.

Enyinda Nathaniel Okey

now Tinubu can forget eyeing our oil blocs. let us see how they would allow the Danjumas and Abachas and Obasanjos to share oil blocs to themselves.... the Language now is LAGOS STATE...

Asom Ru-ching James

See the way the governor just dey smile because e don see another means to chop money.

Bishop George

GOOD. NOW LET THE PEOPLE FROM NIGER DELTA BE INCHARGE OF THE OIL.... JUST AS THE NOTHERNERS AND YORUBA PEOPLE RULE OVER NIGER DELTA OIL, SO WE CAN PUT AN END TO NIGER DELTA AVENGERS AND BIAFRA AGITATIONS#MyView

Gilbert Igweka Nwanorim

The crude they got from biafra via pipe line they layed from delta state.

Browayson John Sr.

Hmm,dem don throw meat for Lion..

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