Lagos state Government,yesterday, confirmed that it was aware of the discovery of crude oil in commercial quantities in the state, describing it as "a boost for the nation's oil reserve drive."
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It will be recalled that, Wednesday, Afren Plc and its partner, Lekoil Limited, announced significant oil discovery offshore Dahomey Basin in Lagos.
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The discovery is subject to the authentication of the Department of Petroleum Resources, DPR, which is expected in two weeks.
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If certified and the partners produce the first barrel of oil, Lagos will become the 11th oil-producing state in Nigeria, a club Anambra State joined recently.
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It is also expected to boost the economy of Lagos, which currently generates about N29 billion internally every month.