Nigeria’s Minister of  State for Petroleum Resources, Chief Timpire Sylva on Wednesday disclosed that one billion barrels of crude oil have been discovered in the North-East region of the country.

He was speaking at the closing ceremony of the Nigerian International Petroleum Summit, NIPS.

He said: “The figure is not totally out yet. But from the evaluation results we are getting, the reserve that has been discovered in the North-East is about a billion barrels. Those are the kind of figures we are seeing and we are beginning to understand the geological structure of the region.”