#NigeriaAt64: The 1956 Oloibiri oil discovery was a game-changer, propelling Nigeria to African economic leadership. However, it also led to an over-reliance on oil, causing other sectors to suffer. Agbalaya Afolabi Nasir reports on the ongoing fight for economic diversification. | News Central TV
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Where was the first oil well found? - TimesMojo
Where was the first oil well found? - TimesMojo
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timesmojo.com
OLOIBIRI 1956: OIL, COUPS, AND THE BETRAYAL OF THE NIGERIAN PEOPLE By Francis Nwapa In January 1956, oil was discovered in commercial quantity in Oloibiri by Shell D'Arcy, later incorporated into Shell plc. That moment would permanently alter the destiny of Nigeria. BUT THE STORY DID NOT BEGIN IN 1956. Oil exploration in Nigeria dates back to 1908, when the colonial administration granted exploratory rights to the Nigerian Bitumen Corporation. Their activities were halted by the outbreak of the
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Oil and Nigerian problem was first discovered in Oloibiri, in Nigeria's Bayelsa State, in 1956
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Oil producing communities are often described as the backbone of the Nigerian state. Since the first commercial oil discovery in Oloibiri in 1956, this labyrinth of creeks and mangroves has provided over 80% of Nigeria’s foreign exchange earnings and the vast majority of its federal revenue. ​Yet, for the people who call this region home, the "black gold" has been less of a blessing and more of a slow-acting poison. Currently, oil exploration activities are ongoing at Ikukiri, some metres away f
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