As the federal government continues to seek ways of improving the nation\u2019s stream of foreign earnings in the face of abnormally high exchange rate of naira to major foreign currencies, plans are under way to raise the nation\u2019s crude oil production to the minimum of two million barrels per day by 2024. Nigeria\u2019s crude oil production was recently raised to 1.7 million barrels per day from its low level of about 1.2 million barrels per day which was attributed to the prevailing insecurity in the country which culminated in pipeline vandalism and oil theft.<\/p>\n
It was consequent upon these that the nation has continued to fall short of her Oil Producing Exporting Countries (OPEC) production quota. But the National Security Adviser to President Bola Ahmed Tinubu, Malam Nuhu Ribadu revealed recently that Nigeria will by next year upscale her crude oil production kevel to two million barrels per day on the back of improved security and blockage of oil theft. This he said will translate to improved venue considering federal government\u2019s initiatives to check against revenue leakages.<\/p>\n
Malam Ribadu said that Nigeria intends to take advantage of the surge in crude oil demands in the international market as well as the expansion of her production quota as approved by OPEC to maximize revenue income even as efforts are continuing by the present administration to diversify sources of revenue away from oil. He reassured Nigerians of better days ahead over the lingering insecurity in parts of the country especially in the North-central, South South and South East geo-political zones.<\/p>\n
Malam Ribadu, former head of the Economic and Financial Crimes Commission (EFCC) from 2003 to 2007, assured members of the Nigerian Guild of Editors (NGE) during the recently concluded All Nigerian Editors Conference (ANEC) in Uyo, Akwa Ibom State. He conveyed that robust security measures are underway to address insurgency in Nigeria under the leadership of President Ahmed Bola Tinubu. This year’s ANEC marked the 19th edition.<\/p>\n
The National Security Adviser (NSA) to the President, accompanied by Major General Jamal Habu Abdussalam, the General Officer Commanding (GOC) 6 Division, Nigeria Army, and Land Component Command Operation Delta Safe, stated that the overall insecurity across the states of the Federation, encompassing issues like kidnappings, banditry, terrorism, and killings, has significantly decreased since their assumption of office in June last year.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
He expressed worries over the rate of destruction these criminal acts have reached, keeping Nigerians in misery and uncertainty. Malam Ribadu however said that they are deliberately operating silently but smoothly with good records of achievements to reduce these crimes to the barest minimum. He maintained that insecurity should not be allowed to stay long in any form aware of the destruction it could cause to schools, markets, hospitals, and ways of life in the society. Admitting that kidnapping has replaced armed robbery, he maintained his words that the evil would soon be a thing of the past in the Federation.<\/p>\n","protected":false},"excerpt":{"rendered":"
As the federal government continues to seek ways of improving the nation\u2019s stream of foreign earnings in the face of abnormally high exchange rate of naira to major foreign currencies, plans are under way to raise the nation\u2019s crude oil production to the minimum of two million barrels per day by 2024. Nigeria\u2019s crude oil […]<\/p>\n","protected":false},"author":11,"featured_media":6115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[],"class_list":["post-6994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/6994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=6994"}],"version-history":[{"count":4,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/6994\/revisions"}],"predecessor-version":[{"id":7014,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/6994\/revisions\/7014"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/6115"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=6994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=6994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=6994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}