Nigeria's exploration of oil from the Basin which extends through Yobe, Borno and Adamawa States have been hindered by Boko Haram insurgency which deliberately hampers commercial exploration. Oil has been discovered in Lake Chad but terrorism continues to push forward the mission of Nigeria to start drilling for commercial quantities.
"Vanguard learnt that the various technical personnel who provided support services for exploration activities have left the region from fear of being killed, while geologists in the Nigerian National Petroleum Corporation (NNPC), also shunned the volatile Basin in Borno State for fear of losing their lives."
According to E&P mag: "Hopes of stepping up oil exploration in Nigeria’s Lake Chad Basin have been dashed by the brutal attacks of Islamic Boko Haram and the Ansaru sect terrorists in the country’s northeastern region."
