The Government of Bauchi State has once again reaffirmed its unwavering commitment to supporting oil exploration activities within the state. This declaration came in response to growing interest in the exploration and development of the state's natural resources, particularly in the oil and gas sector.
In a recent statement, the State Governor, His Excellency, Bala Mohammed, emphasized the government's dedication to ensuring that Bauchi remains an attractive investment destination for oil companies and other stakeholders in the energy sector.
"The government of Bauchi is fully committed to facilitating the exploration of oil and gas resources within our state. We are committed to working closely with all regulatory agencies, stakeholders, and investors to create a conducive environment for the growth of the oil sector," Governor Mohammed said.
Bauchi, a state rich in natural resources, has seen increasing discussions about its oil reserves, with several exploratory surveys and studies indicating the potential for commercial oil deposits. The state government has expressed its readiness to collaborate with both local and international oil companies to harness these resources for the economic development of the region.
The Governor further noted that the exploration of oil in Bauchi would bring about significant economic benefits, including job creation, infrastructural development, and increased revenue generation for both the state and federal governments. He highlighted the state’s commitment to ensuring that oil exploration is conducted in an environmentally sustainable and socially responsible manner, in line with international best practices.
"The exploration of oil in Bauchi presents a unique opportunity to bolster the state's economic growth while creating employment opportunities for our people. We will ensure that oil exploration activities are carried out with the highest standards of environmental protection and corporate social responsibility," Governor Mohammed added.