• About
  • Advertise
  • Contact
Friday, August 22, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home News

TMSG Hails Nigeria’s New Oil Production Level, Says Target Of 2.06mln BPD For 2025 Realisable

Vital News by Vital News
November 23, 2024
in News, Oil & Gas
0
TMSG Hails Nigeria’s New Oil Production Level, Says Target Of 2.06mln BPD For 2025 Realisable
Share on FacebookShare on Twitter

The Tinubu Media Support Group (TMSG) says Nigeria can achieve the 2million barrels per day (bpd) oil production level set for the 2025 budget after scaling the recent 1.8million bpd milestone.

In a statement signed by its Chairman Emeka Nwankpa and Secretary Dapo Okubanjo, the group described the recent increase in daily oil production as a major fulfilment of Tinubu’s campaign promise.

The TMSG said : “When President Bola Tinubu assumed office, he was emphatic about his readiness to raise Nigeria’s oil production, a promise he has fulfilled.

“We recall that in his 80-page campaign document, the President had said he would increase national crude production to 2.6m barrels per day (bpd) by 2027, from the 1m bpd produced in October 2022 when he first made public the campaign promise.

“According to the policy document, he was emphatic that he would partly achieve the goal by “deterring crude oil theft and preventing vandalism of our pipelines, crude infrastructure and assets’.

RelatedStories

First Lady’s Delegation Pays Condolence Visit to Governor Ododo Over Father’s Passing

Don’t Stay Away From Home, President Tinubu Tell Nigerians In Japan, Says Nigeria On The Rise Again

FG Empowers Colleges Of Education To Offer NCE, Degree Programmes Without University Affiliation

Presidency Confirms Appointment Of Rotimi Pedro As New DG Of NTA, Three Executive Directors

“So it did not come to us as a surprise when the Nigerian National Petroleum Company Limited (NNPCL) announced recently that the country’s daily crude production, including condensate, now stood at 1.8 million barrels per day from 1.54m bpd in September 2024.

“The 16.56 per cent increase according to the NNPCL was achieved through the collaborative efforts of stakeholders across the production value chain, which also included securing the network of pipelines.

“This is clearly in line with what President Tinubu vowed to prioritize on assuming office as part of steps to ramp up crude oil output.

“He specifically pledged, in his policy document, ‘to protect the nation’s pipelines by deploying technological interventions such as stationary aerial monitoring platforms and drones to curbing production disruptions’

“It is against this backdrop that we commend the board and management of NNPCL for driving the President mandate through proper deployment of the Production War Room team which was inaugurated in June 2024 when production was at 1.43m bpd.

“This move culminated in ramping up and sustaining production recovery to 1.7 mbpd in August and hitting the current 1.808 mbpd in November.”

TMSG added that aside from ensuring a reduction in oil theft, President Tinubu is also increasing profitable investment in the industry.

It said : “We know for a fact that the President’s campaign document also made reference to ‘more investment on frontier oil and gas exploration, particularly in as yet untapped parts of the country within the Lake Chad basin’.

“This is being vigorously pursued with the slew of incentives introduced by the Tinubu administration to attract more investment to the oil and gas sector through three Executive Orders which are specifically targeted at unlocking fresh investments by streamlining contracting process and procedures.

“We dare say that the Tinubu reforms in the industry birthed the $550m investment by TotalEnergies in the Ubeta upstream gas project, which will deliver 350 million standard cubic feet of gas per day when operational.

“There are also others, including ExxonMobil, which has already reaffirmed its readiness to put in place a $10billion investment in offshore oil operations in the country.

“And there is the resolution of the ExxonMobil-Seplat divestment deal by by the Tinubu administration which is now expected to add 400,000 barrels a day to the country’s crude output.”

TMSG then urged Nigerians to see the new crude production output as a sign of better things to come in the President Tinubu years.
(vitalnewsngr.com)

Tags: 2025OilTinubuTMSG
Previous Post

Yahaya Bello : Betrayed By Trust, Redeemed By Choice By Mohammed Lawal

Next Post

Israeli Airstrike In Central Beirut Kills 11 Persons

Vital News

Vital News

RelatedStories

First Lady’s Delegation Pays Condolence Visit to Governor Ododo Over Father’s Passing
Culture

First Lady’s Delegation Pays Condolence Visit to Governor Ododo Over Father’s Passing

August 22, 2025
President Tinubu Jets Out On State Visit To Saint Lucia, Brazil
National

Don’t Stay Away From Home, President Tinubu Tell Nigerians In Japan, Says Nigeria On The Rise Again

August 21, 2025
FG Empowers Colleges Of Education To Offer NCE, Degree Programmes Without University Affiliation
Education

FG Empowers Colleges Of Education To Offer NCE, Degree Programmes Without University Affiliation

August 20, 2025
Tinubu Appoints Rotimi Pedro, Founder Of OSMI As New DG Of NTA
National

Presidency Confirms Appointment Of Rotimi Pedro As New DG Of NTA, Three Executive Directors

August 20, 2025
Nigeria’s Consul General In Cameroun, Taofiq Coker Is Dead
National

Nigeria’s Consul General In Cameroun, Taofiq Coker Is Dead

August 20, 2025
Next Post
Israeli Airstrike In Central Beirut Kills 11 Persons

Israeli Airstrike In Central Beirut Kills 11 Persons

Terrorists Kill 20 Nigerian Soldiers In Attack On Military Camp In Borno

Bandits Abduct Village Head, 14 Others In Kaduna Community

Food Poisoning Kills 23 Children In South Africa, Govt. Declares Emergency

Food Poisoning Kills 23 Children In South Africa, Govt. Declares Emergency

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

UNIBEN Teaching Hospital Plans Mass Burial For 270 Corpses

1 year ago
Peter Obi, LP File Petition Against Tinubu, Ask Tribunal To Nullify Presidential Election

Peter Obi, LP File Petition Against Tinubu, Ask Tribunal To Nullify Presidential Election

2 years ago
Lagos Mobilises 2,500 Graduates For Internship Placement

Lagos Mobilises 2,500 Graduates For Internship Placement

11 months ago
Proposed Merger Of Dangote Sugar Refinery, NASCON Allied Industries, Dangote Rice Will Benefit Stakeholders – Ravindra

Proposed Merger Of Dangote Sugar Refinery, NASCON Allied Industries, Dangote Rice Will Benefit Stakeholders – Ravindra

2 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

Don’t Stay Away From Home, President Tinubu Tell Nigerians In Japan, Says Nigeria On The Rise Again

Abia Secures $750mln World Bank Support For Renewable Energy

Woman Mistaken For Kidnapper Killed By Irate Mob In Ilorin

FG Empowers Colleges Of Education To Offer NCE, Degree Programmes Without University Affiliation

EFCC Arrests Deputy Vice Chancellor, Bank MD, Two Catholic Sisters Over N1.2bln Loan Fraud

Presidency Confirms Appointment Of Rotimi Pedro As New DG Of NTA, Three Executive Directors

Trending

Appeal Court Orders Kogi To Pay Ex-Deputy Governor, Simon Achuba,  N1.07bln Salary Arrears
Judiciary

Appeal Court Orders Kogi To Pay Ex-Deputy Governor, Simon Achuba, N1.07bln Salary Arrears

by Vital News
August 22, 2025
0

The Court of Appeal sitting in Abuja has again ordered the Kogi State government to pay Simon...

First Lady’s Delegation Pays Condolence Visit to Governor Ododo Over Father’s Passing

First Lady’s Delegation Pays Condolence Visit to Governor Ododo Over Father’s Passing

August 22, 2025
KB Klub Holds Largest Blood Donation Drive, Raises 500pints Of Blood In Lagos

KB Klub Holds Largest Blood Donation Drive, Raises 500pints Of Blood In Lagos

August 22, 2025
President Tinubu Jets Out On State Visit To Saint Lucia, Brazil

Don’t Stay Away From Home, President Tinubu Tell Nigerians In Japan, Says Nigeria On The Rise Again

August 21, 2025
Work Ongoing To Re-Erect Three Towers Along Kainji-Birnin Kebbi Transmission Line – TCN

Abia Secures $750mln World Bank Support For Renewable Energy

August 21, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Appeal Court Orders Kogi To Pay Ex-Deputy Governor, Simon Achuba, N1.07bln Salary Arrears August 22, 2025
  • First Lady’s Delegation Pays Condolence Visit to Governor Ododo Over Father’s Passing August 22, 2025
  • KB Klub Holds Largest Blood Donation Drive, Raises 500pints Of Blood In Lagos August 22, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In