• About
  • Advertise
  • Contact
Saturday, July 26, 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 Oil & Gas

TSF Commends Tinubu Over Surge In Nigeria’s Rig Count, Improved Crude Production

Vital News by Vital News
March 7, 2025
in Oil & Gas
0
President Tinubu Heads To France, Ethiopia
Share on FacebookShare on Twitter

The Tinubu Stakeholders Forum (TSF) has commended President Bola Tinubu’s administration for the remarkable progress in Nigeria’s oil sector, particularly in the significant increase in rig count from 19 to 40, with projections reaching 50.

The group gave the commendation n a statement signed by its Chairman Ahmad Sajoh and Secretary Afolabi Josiah.

It argued that the achievement underscored the administration’s commitment to reviving Nigeria’s oil production capacity, strengthening economic resilience, and fostering national prosperity.

The group said : “The activation of oil rigs is akin to drilling new wells, signifying renewed investment and confidence in the sector.

“This development is a clear indicator that oil production is on the rise, and with the projected increase in rig count, Nigeria is set for enhanced crude oil output, translating to greater national revenue and economic stability.

RelatedStories

Dangote Urges African Leaders To Protect Local Industries From Unfair Competition

Africa Losing $90bln Annually To Importation Of Substandard Fuel, Dangote Laments

NOGASA Expresses Concern Over Dangote’s Direct Fuel Supply Plan To End Users

Dangote Urges Wealthy Nigerians To Invest More In Nigeria To Aid Growth, Development

“It is also noteworthy that the increase in operational rigs suggests a reduction in oil theft and pipeline vandalism, which have long hampered production.

“The administration’s strategic policies and decisive actions in curbing illegal activities in the sector are yielding positive results, allowing rigs to function optimally and contribute effectively to national output.

“The implications of this resurgence are far-reaching.

“With increased crude production, Nigeria stands to gain improved foreign exchange inflows, bolstering the Naira and easing the economic strain on citizens.

“The increased revenue stream will also facilitate more infrastructural development, job creation, and social investment programs aimed at alleviating hardship and improving the standard of living for Nigerians.

“We remain confident that with sustained reforms and proactive governance, Nigeria’s oil industry will regain its position as a key driver of economic growth and national prosperity.”

The Tinubu Stakeholders Forum also reaffirmed its call for continued support for the administration’s efforts in revitalizing the oil and gas sector.
(vitalnewsngr.com)

Tags: countCrudeOilproductionrig
Previous Post

Dr Doyin Okupe’s Death, A Deep Personal Loss – Governor Abiodun

Next Post

UNDERSTANDING CHINA’S “TWO SESSIONS” AND ITS SIGNIFICANCE ON AFRICA AND NIGERIA By Lawal Sale

Vital News

Vital News

RelatedStories

Africans In Position To Develop Africa, Dangote Tells Global CEOs
Oil & Gas

Dangote Urges African Leaders To Protect Local Industries From Unfair Competition

July 23, 2025
Dangote Spends N720bln To Acquire 4,000 CNG Trucks, Begins Free Distribution Of Fuel August 15
Oil & Gas

Africa Losing $90bln Annually To Importation Of Substandard Fuel, Dangote Laments

July 22, 2025
NOGASA Expresses Concern Over Dangote’s Direct Fuel Supply Plan To End Users
Oil & Gas

NOGASA Expresses Concern Over Dangote’s Direct Fuel Supply Plan To End Users

July 21, 2025
Dangote Urges Wealthy Nigerians To Invest More In Nigeria To Aid Growth, Development
Economy

Dangote Urges Wealthy Nigerians To Invest More In Nigeria To Aid Growth, Development

July 16, 2025
Africans In Position To Develop Africa, Dangote Tells Global CEOs
Business

Africans In Position To Develop Africa, Dangote Tells Global CEOs

July 14, 2025
Next Post
UNDERSTANDING CHINA’S “TWO SESSIONS” AND ITS SIGNIFICANCE ON AFRICA AND NIGERIA  By Lawal Sale

UNDERSTANDING CHINA'S "TWO SESSIONS" AND ITS SIGNIFICANCE ON AFRICA AND NIGERIA By Lawal Sale

FUOYE VC, Prof Fasina, Congratulates Ndoma-Egba@69

FUOYE VC, Prof Fasina, Congratulates Ndoma-Egba@69

IWD 2025 : Mrs Ododo Promises To Pursue More Opportunities For Women

IWD 2025 : Mrs Ododo Promises To Pursue More Opportunities For Women

Leave a Reply Cancel reply

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

Follow Us

Recommended

FG Slashes Equity Contribution On Mortgage Loans

3 years ago
Dangote Raises 30 New Agripreneurs, Equips Them With Starter Packs

Dangote Raises 30 New Agripreneurs, Equips Them With Starter Packs

2 years ago

Kogi@31 : EDF Applauds Bello’s Giant Strides In Health Sector, State’s Astronomical Growth

3 years ago

We Didn’t Drag Soludo To Igbo Deities For Attacking Peter Obi – Ohanaeze

3 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 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 Senate students Tinubu
No Result
View All Result

Highlights

PDP To Elect New National Officers In November, Shifts National Convention To Ibadan

Food Security : Dangote, Niger State Govt. Sign Agreement To boost Rice Production

LPPC Approves Elevation Of 57 Lawyers To SAN Rank

3SC FC Sacks Coach Ogunbote, Dimeji Lawal, Entire Technical Crew

Dr Dr.Ibrahim Ismaila Mosimabale Appointed Substantive Provost Of FCE, Okene

Professor Yilwatda Is APC’s New National Chairman

Trending

Aliko Dangote Retires From Dangote Cement Plc
Business

Aliko Dangote Retires From Dangote Cement Plc

by Vital News
July 25, 2025
0

Foremost entrepreneur and founder of Dangote Cement Plc, Aliko Dangote has announced his retirement as a Director...

President Tinubu Meets Chairmen Of GENCOS, Pledges To Resolve N4 trillion Longstanding Debt Claims

President Tinubu Meets Chairmen Of GENCOS, Pledges To Resolve N4 trillion Longstanding Debt Claims

July 25, 2025
Nurudeen Aweroro Appointed New Coach Of 3SC FC

Nurudeen Aweroro Appointed New Coach Of 3SC FC

July 25, 2025
Hardship : PDP Governors Meet In Asaba, Call On FG To Rejig Economic Policies

PDP To Elect New National Officers In November, Shifts National Convention To Ibadan

July 25, 2025
Food Security : Dangote, Niger State Govt. Sign Agreement To boost Rice Production

Food Security : Dangote, Niger State Govt. Sign Agreement To boost Rice Production

July 25, 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

  • Aliko Dangote Retires From Dangote Cement Plc July 25, 2025
  • President Tinubu Meets Chairmen Of GENCOS, Pledges To Resolve N4 trillion Longstanding Debt Claims July 25, 2025
  • Nurudeen Aweroro Appointed New Coach Of 3SC FC July 25, 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