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Minister Of Petroleum List Achievements, Commends President Tinubu Oil Sector Reforms.
The Honourable Minister of State for Petroleum Resources (Oil) Senator Heineken Lokpobiri, has attributed the successes recorded in the oil sector to the presidential directive to ramp up oil production to a sustainable level.
Lokpobiri who made this known through a statement issued to newsmen said the presidential directive as broad as it was became the cornerstone of his commitment and that of his team journey in transforming the oil sector
He said “We embraced it wholeheartedly, engaging stakeholders both domestically and internationally to build synergy and foster partnerships. Through these efforts, we successfully attracted significant investments and strengthened institutional frameworks, driving the remarkable transformation we see today in the sector.
According to him “From the production level of 1mbpd when we began, we have boosted output to 1.8mbpd, inclusive of condensates, and continue to aspire for even greater heights. Our achievements include attracting foreign investment decisions, winning the bid to host the Africa Energy Bank, sustaining peace across Host Communities through robust community engagements, and fully deregulating the downstream sector, ensuring constant availability of petroleum products.
“We have also eliminated bureaucratic bottlenecks in licensing, facilitated capacity building for indigenous players, and introduced numerous reforms too extensive to list.
“Reflecting on this journey, it is evident we have made remarkable strides. From where we started to where we are now, the progress is undeniable. With these accomplishments, the future promises even greater growth and development for the benefit of Nigerians.He stay
journey in the nation oil sector of transformation in our oil sector began. This visionary directive by President Bola Ahmed Tinubu, as broad as it was, became the cornerstone of my commitment and that of my team.
