President Bola Tinubu has ordered the immediate reactivation of dormant oil assets nationwide in a bid to boost crude oil production and shore up revenue.
The directive, conveyed by Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, came during the 2025 Nigeria Oil and Gas Energy Week in Abuja.
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The government is targeting daily crude oil production of 2.1 million barrels and projected revenue of ₦84.67 trillion in its 2025 budget, based on a benchmark price of \$75 per barrel.
Current production remains below target, with May output at 1.63 million barrels per day.
The minister warned that only committed investors would retain access to Nigeria’s hydrocarbon reserves going forward.
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