HighlightOil & Gas

FG Pledges to Meet 2.5m Barrels Per Day Oil Production Target 

2k


The Federal Government has reiterated its commitment to achieving a daily crude oil production goal of 2.5 million barrels.

Speaking at a high-level stakeholders meeting in Yenagoa on Friday, Mallam Nuhu Ribadu, the National Security Adviser (NSA), who was represented by Mr. Amachree Young-Harry, emphasized that achieving this target hinges on the collaborative efforts of all relevant parties.

In his address, Ribadu also revealed that a special committee is actively working to prosecute offenders, noting that over 100 suspects have already faced legal action, with 15 recently incarcerated in Port Harcourt prison.

“The President is serious about the 2.5 million barrels, and we are doing everything necessary to reach that goal,” he said.

“The NSA office is taking stiffer action against oil vandals threatening national assets and local communities.”

The Pipeline Infrastructure Nigeria Limited (PINL) has recorded major successes in safeguarding the Trans-Niger Pipeline (TNP) through close collaboration with host communities, government security agencies, and other key stakeholders.

Dr. Akpos Mezeh, PINL Consultant, Communities Relations, said: “By investing in community needs, resolving disputes, and restoring the environment, PINL has helped reduce crude oil theft and pipeline vandalism.”

Also speaking, the President of Ijaw National Congress (INC), Prof. Benjamin Okaba, called for better agreements and full respect for such terms by both the company and the Federal Government.

Okaba faulted the current provisions of the Petroleum Industry Act (PIA), especially the three percent allocation to host communities, calling it an “insult.”

He said Ijaw communities have always supported Nigeria’s unity and economic stability.

See also  US Secretary of State urges FG to hold election free of 'intimidation'

Author

Leave a comment

Related Articles

Kunle Afolayan, Ibrahim Chatta are two of a kind, they take care of me, says Aderupoko

Veteran actor, Kayode Olaiya, also known as Aderupoko, has refused to be...

SERAP Slams NBC Directive, Demands Immediate Withdrawal

The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola...

Just In: Tehran Reasserts Control Over Global Oil Arterial with Fresh Strait of Hormuz Closure

Iran’s central military command announced on Saturday it would resume “strict management”...

JAMB: Step-by-Step How to Check, Print 2026 UTME Result Slip

The Joint Admissions and Matriculation Board (JAMB) has officially released the initial...