The Federal Government on Wednesday said it was willing to resume oil exploration in the Lake Chad Basin.
The exercise was suspended by the government in July 2017 after suspected members of Boko Haram attacked a team of geological engineers from the University of Maiduguri who were engaged by Nigeria National Petroleum Corporation to carry out a survey of the the Lake Chad region in Borno State towards the commencement of oil exploration.
The Minister of State Petroleum Resources, Mr Timipre Sylva, addressing the media after a close door meeting in Maiduguri with the military and chief executive officers in the oil sector, said the area was now peaceful enough to commence the oil exploration.
Sylvia said that the relative peace in Borno state and the Lake Chad area informed the decision to move in for exploration and drilling activities in the region.
He said: “We are here to thank the Chief of Army Staff and the Nigerian Army for the great job they continue to perform in the North-East. “We believe that without their gallant activities here, we in Abuja would not be living safely.