Minna: 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.
According to News Agency of Nigeria, the governor made this statement while addressing industry leaders at the Dangote Special Day event at the Niger National Trade Fair in Minna on Saturday. Bago emphasized that the state was 'open for business' regarding Bida Basin oil development and called 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.
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 a 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, stated that the company was investing massively in Niger State and was ready to partner with the state to develop its potential. Ahmed highlighted the Dangote Rice Mill in Wushishi, which, when completed, would enhance local rice production and reduce post-harvest losses significantly. He also mentioned the company's collaboration with the Governor's Office on the Niger Food Initiative, an agricultural programme aimed at 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 noted 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. Ahmed added that for the Dangote Group and the broader Organized Private Sector, these initiatives represent a significant step forward. He stated that the Free Trade Zone provides a competitive advantage by streamlining business operations, reducing bottlenecks, and creating a conducive ecosystem for large-scale investments.