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What are benefits Kenya is likely to get from exploitation of oil in Turkana area?

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Benefits Kenya is likely to get from exploitation of oil in Turkana area include;

  • The country will earn and conserve foreign exchange
  • Employment opportunities will be created
  • The supply of oil in the country may be stable
  • The people will enjoy low fuel prices
  • The government will earn revenue
  • The infrastructure of surrounding areas is likely to improve
  • The exploitation will accelerate economic activities in the surrounding areas / multiplier effect
  • Petro- chemical industries will get ready raw materials / inputs
  • Foreign investors will be attracted due to low cost of production
  • The country BOP will improve drastically
Well explained

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