NIGERIA OIL RESERVE TO DRY UP IN 30 YEARS- PRESIDENCY.
President Muhammadu Buhari declared on Wednesday that Nigeria’s oil reserve estimate as per reserve has been estimated to dry up in the next 25 years to 30 years at most. To this end, the President said the focus of the government must be on gas which is also estimated to last for over 60 years, adding that his government must ensure a dramatic movement into gas production. President Buhari, who was represented by the Minister of State for Petroleum Resources, Dr Ibe Kachikwu spoke yesterday at the 5th triennial delegates conference of the Petroleum & Natural Gas Senior Staff Association of Nigeria (PENGASSAN) in Abuja. He also cleared the air on the argument surrounding the sale of the nation’s refineries, declaring that there is no plan or attempt to sell or concession the refineries as being speculated “by those who should know better.” President Buhari’s Keynote address on the theme: “Emerging Trends in the oil and gas industry and its impacts on Labour movement in Nigeria,...