News

December 18, 2024

Igbo youth group lauds NNPCL over rise in crude oil production

NNPC profit

. Moves to safeguard pipelines in S’East

By Steve Oko

Igbo youth group, Ndigbo Progressive Youth Coalition (NPYC), has applauded the Nigerian National Petroleum Company Limited (NNPCL), over the rise in Nigeria’s crude oil production.

This is as the group has vowed to help safeguard pipelines and oil installations in the South East.

Recall that Nigeria’s crude oil production as announced by the Organization of Petroleum Exporting Countries (OPEC), in its 2024 last quarter report, grew from 940,000 barrels per day in 2022 to 1.486 million barrels per day.

NPYC, in a statement, pledged support for the efforts to boost Nigeria’s oil production.

The statement signed by its  President, Comrade Ikechukwu Ude; and Secretary, Mr Chris Donatus, commended the Group Chief Executive Officer of NNPCL, Mr Mele Kolo Kyari for the noticable increase in crude oil production.

It also commended the Management of Pipeline Infrastructure Nigeria Limited (PINL) for its role in securing the pipeline infrastructure of Nigeria which has resulted to an increase in crude oil production.

The group said the intensified efforts of the NNPCL as well as security companies overseeing the pipeline surveillance in the Niger Delta particularly, PINL, were fast paying off considering the quantum leap from a miserly 940,000 bpd in 2022.

The statement read in part,“we are elated by the news of 1.486 million barrels per day  in the month of November as announced by OPEC monthly report for last the last quarter of 2024.

“Ndigbo Progressive Youth Coalition anticipates a better economy for Nigeria which translates to easier living for Nigerians. All these are possible because the NNPC GCEO, Mr Mele Kyari took the bull by the horn

“Also important in galvanizing the upward trend of crude oil production in Nigeria, is the Pipeline Infrastructure Nigeria Limited (PINL), led by the Executive Director, Mr Osahon Hosa- Okubor, a silent achiever, who has meticulously ensured strict monitoring and security of pipelines in the Niger Delta, thereby cutting down on oil theft and vandalism of oil facilities.”