Oyo State Pegs Borehole Drilling Costs at N14,000 Per Meter
The Oyo State Government has established a controlled rate of N14,000 per meter for groundwater abstraction, also referred to as borehole drilling, statewide.
The Commissioner for Environment and Natural Resources, Mr Abdulmojeed Mogbonjubola, disclosed this on Thursday in Ibadan, during an interactive meeting with groundwater abstraction stakeholders.
Mogbonjubola explained that the meeting was convened to address the challenges faced by groundwater abstraction practitioners and collaborative solutions for the sustainable management of vital resources.
According to him, engaging with the industry stakeholders is crucial to bringing sanity to the system and ensuring a balanced approach that benefits both drilling rig owners and middle-level practitioners.
The Commissioner maintained that Gov. Seyi Makinde’s administration prioritised the provision of potable water to residents, using every feasible strategy.
“This is why the government has created a favourable environment for individuals who can afford to drill boreholes in their communities,” he stated. #Oyo State Pegs Borehole Drilling Costs at N14,000 Per Meter#
LCCI, Confederation of Indian Industry Mull Partnership for Economic Growth
