Niger woos Dangote on Bida crude oil exploration
By Rita Iliya
Minna, June 1, 2025(NAN) Gov. Umar Bago of Niger has called for partnership with the Dangote Group in the exploration and development of the discovered oil blocks in Niger State’s Bida Basin.
Bago said that the group would significantly contribute to the exploration project with its proven expertise in the energy sector in the country.
The governor said this while addressing industry leaders at the Dangote Special Day event at the Niger National Trade Fair in Minna on Saturday.
Bago said that the state was “open for business” regarding Bida Basin oil development, calling for private sector investment and expertise in the state’s hydrocarbon exploration.
The governor, represented by Hamza Sarki, Permanent Secretary of the Ministry of Trade, Industry and Investment, acknowledged Dangote Group’s proven capacity in executing large-scale industrial projects.
He cited the successful delivery of the world’s largest single-train refinery in Nigeria as evidence of its technical expertise and operational excellence.
The News Agency of Nigeria (NAN) reports that Dangote Group is the major sponsor of the 2025 Niger State National Trade Fair.
The Governor described the Bida Basin oil discovery as Niger State’s ticket to economic prosperity, and win-win for partnership with relevant players in the oil sector.
A 2023 geological survey report identified 17 commercially viable oil blocks in Niger, with estimated hydrocarbon reserves projected to sustain production for approximately 70 years.
The Bida Basin, stretching across parts of Niger and Kwara States, has been identified as a promising sedimentary basin with hydrocarbon potential.
Representative of the Dangote Group, Mr Hashem Ahmed, said the company was investing massively in Niger State, adding that it was ready to partner the state to develop its potential.
“The Dangote Rice Mill in Wushishi when completed will enhance local rice production and drastically reduce post-harvest losses. We are also working closely with the Governor’s Office on the Niger Food Initiative—a game-changing agricultural programme.
“We have committed to serving as a guaranteed off taker for 1 million metric tons of paddy rice, creating a stable market and encouraging further private investment.”
Ahmed commended the proactive measures taken by the Bago administration to foster a business-friendly environment and stimulate private sector engagement in economic growth.
He said that the government’s strategic policies, such as the planned establishment of a Free Trade Zone, demonstrate a clear commitment to attracting investment, enhancing trade, and positioning Niger as a hub for industrial and agricultural development.
“For Dangote Group and the broader Organized Private Sector, these initiatives represent a significant and encouraging step forward.
‘’The Free Trade Zone provides a competitive advantage by streamlining business operations, reducing bottlenecks, and creating a conducive ecosystem for large-scale investments,” he said.(NAN)
Edited by Ismail Abdulaziz
Published By
-
Deputy Editor in Chief,
Multimedia, Solutions Journalism & Website.
Has also recently published
General NewsJune 24, 2025Nigerian artisans, technicians commend FG’s skill up programme
Economy/BusinessJune 23, 2025Indigenous solutions vital for Nigeria’s emission reduction goal – Alfa Designs GMD
Defence/SecurityJune 23, 2025Board opens portal for paramilitary recruitment
BusinessJune 23, 2025Professor, who sells vegetables, advises youths on small businesses
