Imo State Discovers More Crude Oil

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The Imo
Government said it discovered crude oil
in some local government areas, and urged the Federal Government to inspect the
sites for possible exploration.
Managing Director of Imo State Oil Producing Area Development Commission
(ISOPADEC), Dr Henry Okoro, revealed this in an interview in Owerri on Friday.
said the areas are Oru East and West, Ngor-Opkala and Obowo Local Government.
He said
if the oil discovered was utilised, it would afford the state an opportunity of
becoming a front runner among the oil producing states in the country.
“We have
enough raw materials here in Imo which is capable of increasing the Internally
Generated Revenue of the nation.
Federal Government should come now and inspect these areas for possible
exploration, because I know that a lot of oil companies will want to invest,’’
he said.
managing director said the commission had no powers to begin exploration in the
areas, and stressed the need for the Federal Government to act fast.
Imo is
one of the oil producing states in the country with oil being drilled from
Ohaji/Egbema and Oguta Local Government Areas.
said that the recent discovery would also fast track Federal Government’s
presence as well as boost development of the state.
He also
noted that about 3,000 youths from the state had been empowered through the
“Youth Empowerment Trust Fund’’ an initiative of the state government.
to him, ISOPADEC has intensified plans
to partner with some American experts to train youths on mechanised farming
promised that the commission would continue to roll out empowerment programmes
both for the youth and women in the state.
He said
the commission had also commenced the construction of an International Marine University, adding that it
would soon be completed.
This, the
managing director said, would go a long way in providing education for the
youth in the area. (NAN)

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