News
Nigeria’s Oil Production Grows Marginally By 4% To 1.28mbpd
Nigeria’s crude oil production in the month of April, 2024, rose marginally by four percent to 1.28 million barrels per day compared to 1.23mbpd recorded in March, data released by the Nigerian Upstream Regulatory Commission, NUPRC, has shown.
When added to condensate oil, production was 1.447 million barrels per day compared to 1.438mbpd recorded in the previous month. The production figures with condensate were 1.539 million barrels per and 1.643 million barrels per day in the months of February and January respectively.
The Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri had spoken of government’s plan to hit two million barrels oil production by the end of 2024.
However, he has explained that drop in oil production in the last few months was caused by issues encountered on the Trans Niger Pipeline, coupled with maintenance activities carried out by some oil companies operating in the country.
Lokpobiri in a statement by his media aide, Nnemaka Okafor assured that measures were being taken to address the situation to, “not only restore production to previous levels, but to also increase it”.
“The Minister is also pleased to announce that the issues have been adequately addressed, and production is expected to return to its previous levels in the coming days.
“He anticipates that Nigeria’s oil production, including condensate, which was approximately 1.7 million barrels per day (bpd) prior to these developments, will soon be restored.
“Furthermore, the Ministry of Petroleum Resources is actively engaged in policy evolution aimed at maximizing the utilization of all available wells in Nigeria. This strategic approach will enable the country to ramp up production, thereby generating vital revenue to stabilize the nation’s foreign exchange reserves. The increased revenue will also empower the government to fulfill its commitments in providing essential infrastructure, as outlined in the 2024 budget”, she added.
The government has also blamed oil theft and pipeline vandalism for the industry’s failure to the country’s OPEC quota of 1.5 million barrels per day.
Lokpobiri explained that “the quickest way to solve our economic challenges is through the oil and gas sector. Today, oil sells for over $90 per barrel and if we ramp up production and we reduce the level of oil theft and pipeline vandalism, we will be able to raise the requisite money to be able to fund not only our budget, take care of our forex problems and then ensure that we stabilize our economy.
“There is no country in the world that doesn’t prioritize security and investment in its oil assets. Part of our own objectives is to reduce pipeline vandalism and oil theft to the barest minimum. We cannot completely eliminate it but working together with you will be able to reduce it to the barest minimum. So, that we will be able to benefit from the production of oil and gas that is going on”.
News
COAS Tasks Troops To Dominate Battlespace, Intensify Offensive In N/Central
The Chief of Army Staff (COAS), Lt.-Gen. Waidi Shaibu, has tasked troops of Operation SAVANNAH SHIELD to dominate the battlespace and intensify offensive operations against kidnappers, bandits and other criminal elements in the North Central region.
Shaibu gave the directive yesterday during his maiden operational visit to the Headquarters, Joint Task Force North Central (JTF-NC), at Sobi Barracks, Ilorin.
This is contained in a statement by the Acting Director, Army Public Relations, Col. Appolonia Anele, in Abuja, yesterday.
Shaibu said the Nigerian Army would remain resolute in its constitutional responsibility of safeguarding lives and property, stressing that troops must sustain pressure to decisively deny criminal elements freedom of action.
He assured personnel of continued deployment of combat enablers and operational resources to enhance clearance operations and dismantle criminal hideouts across Kwara and Niger states.
The COAS reaffirmed his commitment to troop welfare, noting that improved welfare remained critical to sustaining morale, operational effectiveness and combat readiness.
He urged the troops to remain disciplined, professional and loyal to the Constitution and the democratically elected government.
Earlier, the Theatre Commander, JTF-NC Operation SAVANNAH SHIELD, Maj.-Gen. Yakubu Yahaya, commended the COAS for his strategic leadership and support.
Yahaya assured that troops would remain committed and steadfast in restoring peace and stability in the region.
News
Obuah’s Victory Excites Former Lawmaker as APC Primaries Conclude in Rivers West
News
Navy Upgrades Training, Infrastructure To Tackle Security Threats
The Nigerian Navy says it is expanding training and infrastructure to address emerging security threats and strengthen operational efficiency across formations and units nationwide.
The Chief of Naval Staff, Vice Adm. Idi Abbas, spoke during the inauguration of projects at the Nigerian Navy Basic Training School (NNBTS) in Onne, Rivers as part of activities marking the Nigerian Navy’s 70th anniversary.
Abbas, represented by the Flag Officer Commanding, Naval Training Command (NAVTRAC), Rear Adm. Ebiobowei Zipele, said the projects reflected significant progress made by the navy since its establishment in 1956 from the British Royal Navy.
“Training and infrastructure have improved significantly to meet contemporary security challenges and fulfil the navy’s constitutional responsibilities.”
According to him, the anniversary provides the navy an opportunity to reflect on its achievements and contributions over the past seven decades.
Projects inaugurated included a remodelled female trainees’ hostel accommodating more than 500 occupants and an expanded golf course upgraded from one to nine holes.
Others were the NNBTS fuel dump, Chief Boatswain’s Mate House, renovated pharmacy department and a new theatre block at the Naval Medical Centre, Onne.
Abbas described the new theatre as a major milestone for the navy’s medical services.
“Previously, injured personnel requiring surgeries were referred outside the facility.
“With this theatre, surgeries can now be conducted within the base.’’
He added that a 30KVA inverter had also been installed to guarantee uninterrupted electricity supply at the training school.
The naval chief assured officers, ratings and trainees that the navy leadership remained committed to their welfare and wellbeing.
“These infrastructure upgrades show the commitment of the Chief of Naval Staff to addressing operational and welfare challenges promptly,” he said.
In addition, NAVTRAC distributed educational materials to pupils of Community Primary Schools One and Two, Ogale, in Ebubu-Eleme area of Rivers.
Items distributed included exercise books, school bags and other writing materials as part of the navy’s civil-military engagement initiative.
Zipele said the outreach was designed to strengthen relations between the navy and host communities while supporting children’s education.
“Education remains critical to national growth and youth empowerment. Some of these pupils may eventually serve in the Nigerian Navy,” he said.
He noted that the initiative demonstrated the navy’s commitment to educational development, peace, security and sustainable community relations.
Zipele urged the pupils to remain disciplined, focused and committed to their studies while embracing patriotism, integrity and hard work.
He thanked the Ebubu community for its continued support for the naval training command headquarters and the navy.
-
News1 day ago
Obuah’s Victory Excites Former Lawmaker as APC Primaries Conclude in Rivers West
-
Politics3 days agoAPC PRIMARIES: FUBARA’S WITHDRAWAL, HISTORIC SACRIFICE FOR NATIONAL STABILITY ……. GROUP
-
News4 days agoCourt Sentences Seven To Death Over Murder Of Cleric In Rivers
-
News1 day ago
105 Nigerians Killed In S/Africa In Seven Years
-
Sports3 days agoPH Arsenal Community Set For Streets Procession, Saturday
-
Politics3 days agoIPAC Flays INEC Over Election Guidelines Judgement
-
Politics3 days agoNDC To Adopt Electronic Voting For Future Primaries
-
Niger Delta1 day agoRoyal Father Endorses PH Arsenal Community, Pledges To Support
