Stakeholders in Nigeria’s oil and gas sector have commended President Bola Ahmed Tinubu for achieving a milestone oil production rate of 1.8 million barrels per day (bpd).
This accomplishment has sparked optimism about the country’s economic prospects with indigenous oil and gas stakeholders saying 2million barrel per day by December 31st, 2024 was possible and indeed achievable.
According to the Industry experts who praised the president’s tireless efforts to revamp the oil sector, cited the implementation of new technologies to monitor facilities and prevent disruptions and theft.
Chairman of Tantita Security Services Nigeria limited, TSSNL, Chief Government Ekpemupolo, also known as Tompolo, had earlier expressed optimism that Nigeria will hit two million barrels of oil production per day before the end of 2024.
“We are determined to take oil production to 2 million bpd before the year ends, as directed by President Tinubu. All necessary machinery has been put in place to achieve this target and galvanize the economy.”
The stakeholder emphasized that reaching this target would significantly boost government revenue, enabling the president and his team to effectively govern the country.
With this achievement, stakeholders are confident that Nigeria’s economy will soon rebound, driven by the oil and gas sector’s growth.
As the country moves closer to achieving the 2 million bpd target, industry experts and stakeholders are eagerly anticipating the positive impact on Nigeria’s economy.
