Somebody should please stop the Group Managing Director of NNPC, Ibe Kachikwu from squandering the limited resources of this country. He is going in search of oil in our side of Lake Chad. Previous administrations have wasted billions of USD on this bogus search without result. Now, my dear Kachikwu has indicated that the country may well be on the verge of a significant oil find in the Lake Chad area in North-east Nigeria based on analysis of recent seismic 3D data generated from the Chad Basin.
In a presentation to the Petroleum Club, Lagos, the NNPC boss stated that NNPC was injecting a lot of energy into the effort to ensure success in this regard. The GMD said. “There are signs from the latest 3D seismic studies that oil may well be very close to being found now in Lake Chad after very many years of trials. I think that this is very key. It is key both for the geographical balancing of oil production and it is also very key for the purpose of refinery placement in the North in terms of access to crude. I am optimistic that by the end of the year we should be able to announce something major on this.’’ Haba, Kachikwu! Why do you want to continue putting our money in this fruitless search? Don’t you know how much has gone into this in the last 30 years without result? You are apparently doing this to satisfy your paymasters and secure your position. This is a big shame.

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http://www.thisdaylive.com/articles/ibe-kachikwu-s-wild-goose-chase/226264/

Let the young man do his job.