Is Oil Discovery in Lake Chad, good news or bad news.

The Nigerian National Petroleum Corporation, NNPC announced the discovery of crude oil in about 3350 square metres in the Lake Chad Basin, that links the Northern Part of Nigeria.
In a continent where natural resources are often plundered to the detriment of ordinary people, impoverished Chad the new oil frontier could become a model of fairness.
Sequel to this outstanding discovery, reports busted that Vice President Namadi Sambo of Nigeria is leading the commencement of steps towards engaging “Willing and ready investors that will facilitate speedy and timely exploration in the second phase of the exercise”
During a meeting with experts within the NNPC and other public sectors at the state House, Abuja, the Vice President said at the federal government is happy that surveys have indicated the presence of Oil in the Chad Basin.
More information coming soon.................