The Lagos State Government is set to launch its oil and gas corporation, aimed at optimizing the benefits of oil and gas in the country and ease supplies to the state. The Lagos State Oil and Gas Corporation (LOGASC) is on the way in the state, and a bill towards it has been sent to the state legislature and will also be presented for public hearing – today.
Petroleum is the mainstay of Nigeria’s economy, and issues with poor refining capability – locally, causes flutter that shifts products availability in parts of the country. The Lagos government understands the need to reduce petroleum products uncertainty for Lagos residents and to also look for the state, possibilities of oil exploration within the medium term.
