Lagos State can now be addressed as an oil producing state, following the beginning of oil exploitation activities by Yinka Folawiyo Petroleum Company Limited (YFP). Sadly, this development is coming at a time when the price of crude oil is no longer what it used to be. All the same, congratulations to Lagos State.
What the Lagos State Government should do now is to make sure that Lagos has a properly functioning refinery that can easily refine the oil produced. I am confident that they may already be thinking along these lines because the Bola Tinubu inspired governments of Lagos State are good at building capacity for the state.
I say this because I am deeply impressed at the proactiveness of the Lagos State government in buying and operating farmlands in other states.
That is the kind of proactiveness that is needed here. I foresee a time when the Lagos State Government will open filling stations all over the state in partnership with YFP to end fuel scarcity in the state once and for all.
That will be a wonderful day for the millions of inhabitants of the frontline state.