Peoples Democratic Party (PDP) chieftain, Chief Sunny Onuesoke has faulted President Muhammadu Buhari’s allocation of N39.4 billion for oil exploration in the Northern part of Nigeria, as contained in the proposed 2016 budget.
Speaking to newsmen in Yenagoa, Bayelsa State, Onuiesoke said it was amazing that when the West and other parts of the world were embarking on renewable energy exploration, Nigeria was allocating funds for oil exploration in arid Northern part of the country.
“I wonder if Nigeria is thinking ahead or backward. I am saying this because when countries like America are selling their reserve and diversifying into other sources of energy generation, it is now Nigeria is exploring for more oil in the North. It should be noted that Nigeria cannot be an advocate of climate change and at the same time invest on oil exploration instead of renewable drive for sustainable energy like solar,” he argued.
The New Nigeria Development Corporation (NNDC), a business conglomerate of the 19 northern state governments, has disclosed plans to commence exploration of oil and gas in the Lake Chad area of North-East in 2016.