FG Targets 2.5m Barrels of Oil per Day, Cracks Down on Vandalism

Olaitan SodiqMay 10, 202587

Tinubu Appoints Nuhu Ribadu as National Security Adviser

Nuhu Ribadu, National Security Adviser

The Nigerian government aims to increase crude oil production to 2.5 million barrels per day.
This was according to the National Security Adviser (NSA), Nuhu Ribadu.
The government has taken steps to address oil vandalism, including prosecuting over 100 suspects and sentencing 15 to prison.

The Nigerian government has reaffirmed its commitment to achieving a crude oil production target of 2.5 million barrels per day.

According to the National Security Adviser (NSA), Nuhu Ribadu, the government is taking all necessary steps to reach this goal, which will depend on the collective efforts of all stakeholders involved.

Ribadu made this statement on Friday in Yenagoa during a stakeholders meeting organized by Pipeline Infrastructure Nigeria Limited (PINL) to appraise the company’s operations on the Trans Niger Pipeline.

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He revealed that a special committee comprising investigative and prosecuting teams has been working assiduously to bring offenders to justice, with over 100 suspects already prosecuted and 15 recently sent to Port Harcourt prison.

“The President is serious about the 2.5 million barrels, and we are doing everything necessary to reach that goal. Success will depend on the collective efforts of all stakeholders involved,” Ribadu said, as represented by the Director of Energy at the NSA office, Amachree Young-Harry.

The PINL Consultant, Communities Relations, Akpos Mezeh, highlighted the company’s successes in safeguarding the Trans-Niger Pipeline through close collaboration with host communities, government security agencies, and other key stakeholders. “By investing in community needs, resolving disputes, and restoring the environment, PINL has helped reduce crude oil theft and pipeline vandalism.

“The result has been near-zero infractions on the pipeline, improved crude oil production, and greater investor confidence, all contributing to increased national revenue,”he said.

However, the President of the Ijaw National Congress (INC), Benjamin Okaba, faulted the current terms of the Petroleum Industry Act (PIA), particularly the three percent allocation to host communities, calling it an “insult.” Okaba called for better agreements and full respect for such terms by both the company and the Federal Government.