December 02, (THEWILL) – The Presidential Campaign Council of the ruling All Progressives Congress (APC-PCC), has commended the Federal Government on its achievement in meeting an oil production target of 1.5 million barrels per day.
Amid reported cases of oil theft and a drop in oil revenue in the country, the Federal Government, on Thursday, said oil production increased to 1.5 million barrels per day as of October 2022.
Minister of Finance, Budget and National Planning, Zainab Ahmed, made this known at the presentation of President Muhammadu Buhari Administration scorecard (2015-2023),
Commending the Government’s effort on Friday, the PCC, in a statement issued by its Director of Public Affairs and Chief Spokesperson, Festus Keyamo (SAN), said the excellent strides of the Buhari Administration in the oil sector, shall further be expanded by its Presidential candidate, Bola Ahmed Tinubu.
The campaign Council, however, assured that with the expert knowledge that Tinubu acquired in the oil and gas industry as a private citizen, he would achieve his target of 1.7m barrels per day by 2027.
The statement read: “The All Progressives Congress Presidential Campaign Council, on behalf of its flag bearer, H.E. Asiwaju Bola Ahmed Tinubu, heartily welcomes the recent news that Nigeria has substantially restored its national oil production volumes to over 1.5m barrels per day, following the historic and combined efforts of Mr President – who is also the Honourable Minister of Petroleum Resources – as well as our security agencies, the NNPC and its partners for this wonderful feat.
“This is particularly appreciated in recognition of the ignoble role previous administrations had actively played in aiding and abetting these illicit activities in the past at great expense to the nation.
“We are equally enthused to note that we are expected to achieve 1.7m barrels per day production by the end of this year, which places our nation almost in full compliance with the OPEC quota.
“The excellent strides of the APC Administration in the Oil sector shall be further expanded by our candidate, H.E. Asiwaju Bola Ahmed Tinubu.
“Recall that ASIWAJU served for over a decade at the zenith of the international Oil & Gas industry as a private citizen and is best placed to achieve his target of 2.6m barrels per day by 2027.
“ASIWAJU seeks to achieve this through enhanced investments in the sector and active stakeholders’ engagement – a move he has already begun with the historic visit to Gbaramatu Kingdom in Delta State last week.
“We applaud Mr President as he finishes strong in the sector and assure Nigerians of the preparedness of ASIWAJU to take this to the next level.”
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