Nigeria has discovered a new crude oil location in Aran-Orin, Irepodun Local Government Area of Kwara State. The governor, Alhaji Abdulfatah Ahmed, recently announced this discovery in Ilorin.
He said the government was alerted by a farmer who discovered crude oil sprouting from his farm and seven other adjoining sites. Geologists from the state Ministry of Industry and Solid Minerals were then directed to confirm the authenticity of the substance and identify the blend.
According to the governor, the ministry officials did not only confirm the substance as crude oil but identified the blend as Bonny Light, a high-grade of crude oil with unique properties. Based on a statement by the Senior Special Assistant on Media and Communications, Dr Muyideen Akorede, the finding was also verified through independent analysis by a private oil company.
He said further tests were being carried to determine if the crude discovered was in commercial quantities, adding that it is a welcome boost to the state’s economy and its emerging reputation as one of Nigeria’s most conducive investment destinations.
He said the sector had the potential to significantly boost Kwara’s internally-generated revenue by attracting foreign and indigenous investors to the state.
The governor said the Ministry of Industry and Solid Minerals had been directed to catalogue all mineral and mining sites in the state with a view to regulating the sector and effectively managing the state’s resources.