– The Federal Government (FG) of Nigeria has approved 4 of 5 oil wells discovered in Lagos
– FG says the state 5th oil well could not be approved for Lagos because it lies outside the boundaries of the state
– Governor Ambode says the findings paves a new path for the state’s economic growth
The Federal Government has said four of the five oil wells discovered in Lagos belong to the state, adding that the fifth oil well could not have belonged to the state since its location fell outside the approved distance.

The chairman, Indices and Disbursement Committee, Revenue Mobilisation Allocation and Fiscal Commission, Alhaji Aliyu Mohammed, on Wednesday, August 17 explained that the disproved oil well fell beyond 200 metres isobaths and could not have legitimately belonged to Lagos state.

Mohammed spoke at the Lagos Governor’s office, Lagos House, Ikeja, during the visit of a delegation of the committee, adding that the delegation was in the state for the purpose of verifying crude oil and gas production from the recently discovered Aje oil wells.

http://www.certifiednaija.com/2016/08/fg-finds-new-oil-wells-in-lagos.html

Nice.