Magma Conglomerate Indicates Interest In Oil Exploration In Nasarawa State

By Our Reporter

The efforts of Nasarawa State governor, Engineer Abdullahi Sule to woo investors into the state, has continued to bear fruits following the interest shown by yet another indigenous firm, Magma Oil Exploration and Production, to invest in the state.

Representatives of the company, who were at the Government House on Tuesday, told journalist that they are interested in coming to invest in the state.

Alhaji Abba Imam, who represented the chairman of the company, Alhjai Awwal Garba AD, said they were at the Government House to present their portfolios to the governor.

Imam explained that the conglomerate is interested in investing in Nasarawa State across different sectors namely, agriculture, real estate, electricity, water supply, among others.

“Our Chairman, Garba AD brought us to speak directly with the governor and to present to him our portfolios.

” The governor is someone whose virtue is to always encourage investment. He is someone who carries the investment culture in him,” Imam stated.

According to him, their conglomerate decided to come to the state because they felt the governor will be happy with everyone that is investing in Nasarawa State.

Chairman of the conglomerate, Alhaji Awwal Garba AD, is a Nigerian/British trained economist and business economist, majoring in the oil and gas sector globally.

He occupies a management position in numerous companies, among which are, Magma Exploration and Production Limited, Magma Agro-Allied Limited, Magma Gas and Power Spectrum among others.

Recall that only recently, the Nasarawa State government signed a tripartite agreement with Azman Farms and Rice Mill Limited and Umasha Community in Toto Local Government Area for the cultivation of 12,000 hectares of land for rice production.

Similarly, the government is discussing with the Dangote group, which has indicated interest to cultivate another 50, 000 hectares of land in Doma and Nasarawa local governments also for rice production.

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