The Nigerian Association of Petroleum Explorationists (NAPE) has warned that the reduction in hydrocarbon exploration and steady depletion of the oil reserves will drive Nigeria into risks of long-term disruption to oil and gas supplies, power generation, collapse of industries and significant loss of revenue.
NAPE also declared that with Nigeria being a mono-economy that is largely dependent on the proceeds of crude oil for its sustenance, such inactivity in the exploration business will have dire consequences for the country.
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