Minister of State for Petroleum Resources, Ibe Kachikwu, has said that the Federal Government would intensify quest for oil in commercial quantities in the Lake Chad basin by encouraging private sector to invest in the sector. He said “We are targeting to raise 5 billion dollars in short term funds for this and over 20 billion dollars in medium to long term funds.” Kachikwu also said that the Federal Government has set a timeline of 2017 as a period of zero militancy and drastic reduction of incidences in the Niger Delta. The minister made the declaration yesterday at a Press Conference held in the Presidential Villa after the launch of the Oil and gas Industry Roadmap tagged “The 7 Big Wins” by President Muhammadu Buhari in the Presidential Villa. He assured that the Buhari administration would ensure maximum security in the Niger Delta by engaging stakeholders from that region.Read more at: http://www.peoplesdailyng.com/
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