Nigeria’s 2.5 Million bpd Oil Target Within Reach, Navy and Industry Say

Stakeholders in Nigeria’s maritime and oil sectors have expressed confidence that the Federal Government’s oil production target of 2.5 million barrels per day (bpd) is achievable through sustained collaboration to tackle crude oil theft, sabotage, and other operational disruptions.

The assurance came during strategic engagements convened by the Central Naval Command with key maritime players and major oil exploration companies. The meetings, led by Flag Officer Commanding (FOC), Central Naval Command, Rear Admiral Suleiman Ibrahim, focused on strengthening maritime security to safeguard Nigeria’s blue economy and critical assets.

Rear Admiral Ibrahim highlighted that the Nigerian Navy’s core duty is to provide a secure maritime environment, emphasizing that effective security is a shared responsibility with industry operators. He also assured stakeholders of continued support from the Chief of Naval Staff, Vice Admiral Idi Abbas, to optimise security deployments through strategic leadership and necessary operational resources.

Participants agreed that President Bola Ahmed Tinubu’s production mandate is achievable if all parties unite to eliminate crude oil theft, sabotage, and operational disruptions. The engagements also provided a platform to review the evolving maritime security landscape, with stakeholders optimistic that stronger naval leadership, enhanced inter-agency cooperation, and closer industry collaboration would significantly advance Nigeria’s maritime economic and production goals.

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