The Niger State Government said on Tuesday that a Chinese firm had agreed to invest N160 billion in oil exploration activities in the state. The Commissioner for Mining and Mineral Resources, Alhaji Abubakar Jibreel, made the disclosure in Minna at a press briefing on the ministry’s activities in 2013. He said the amount would also cover the cost of building a refinery in Baro, Agaie Local Government Area of the state. Jibreel said that the move was part of efforts to attract investors to explore its oil and gas potentials. He said that the company was among five foreign investors that had indicated interest in oil and gas exploration in the Bida Basin.
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