✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Press To Play

FG targets 1.9m bpd crude oil production

The Minister of State for Defence, Muhammad Bello Matewalle, said the federal government is targeting about 1.9 million barrels per day (bpd) increase in crude…

The Minister of State for Defence, Muhammad Bello Matewalle, said the federal government is targeting about 1.9 million barrels per day (bpd) increase in crude oil production as a result of improved security brought about by the Nigerian Navy in the waterways.

Matewalle who spoke with our reporter on the sideline of the flag-off of the Nigerian Navy sea inspection tagged ‘Nchekwa Oshimili’, at Onne, in Rivers State, said the Nigerian Navy constitutionally has the mandate to make sure that they protect the territorial water of the country.

He said before the emergence of the present administration, crude oil production was at 900,000 barrels per day (bpd), adding that the production output has increased to 1.7 million bpd because of improved security.

“That is why we have this improvement on our oil productions and I believe they are going to do more and at the end of the day we are targeting 1.9 million barrels per day so the navy are doing their best and we are proud of them,” he said.

 

Nigerians are now earning dollars with premium domains, these domains can be acquired for $1500-$2000 profit margin can be as much as $15,000 to $20,000. Click here to learn how to earn dollars.
Click here to learn more.