Oil production: Nigerian Govt targets 2.5million barrels per day – NSA, Ribadu

Oil production: Nigerian Govt targets 2.5million barrels per day – NSA, Ribadu


 

The Office of the National Security Adviser, NSA, says the
federal government is committed to achieving crude oil production target of
2.5million barrels per day.

 

The National Security, Nuhu Ribadu, made this statement on
Friday in Yenagoa during a stakeholders meeting organised by Pipeline
Infrastructure Nigeria Limited, PINL, to appraise the company’s operations on
the Trans Niger Pipeline.

 

Ribadu explained that stiffer action was already being taken
against oil vandals threatening national assets and local communities.

 

The NSA, represented by the Director of Energy at the NSA
office, Amachree Young-Harry, revealed that a special committee comprising
investigative and prosecuting teams has been working assiduously to bring
offenders to justice.

 

According to him, over 100 suspects have already been
prosecuted, with 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,” he said.

 

On his part, the PINL Consultant, Communities Relations,
Akpos Mezeh, said that the 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.

 

“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.

 

Also speaking, the President of the Ijaw National Congress,
INC, Benjamin Okaba, stressed that Ijaw communities have always supported
Nigeria’s unity and economic stability as well as taking the lead in the
management of pipelines through companies like PINL.

 

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

 

The INC President called for better agreements and full
respect for such terms by both the company and the Federal Government.

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