Kachikwu: Nigeria to Produce 3mb/d of Crude

Kachikwu: Nigeria to Produce 3mb/d of Crude

Nigeria’s Minister of State Petroleum Resources, Ibe Kachikwu, said that the country is capable of producing 3mb/d of crude from the Niger Delta region.

In line with that, he also added: “It is important we continue to sustain the institutional engagement and negotiations which are key to the development of the region. We must resolve current militancy problems and bring back oil production to 2.2 mb/d,” Independent informed.

He lamented that over $40b had been spent in 12 years and there were no infrastructures on ground to justify the huge expenditure profile.

Kachikwu said that a lot would have been achieved if there were zeal to collaborate in such a manner. He  urged the Minister of Niger Delta Affairs and other partners to commence immediate action in this regard.

Kachikwu made the statement at a stakeholders’ meeting organized by the Ministry of Niger Delta Affairs in Abuja, Business Day reported.


Dr. Mahinaz El-Baz 318 Posts

Mahinaz El Baz received her PhD degree in International Economics from Helwan University in 2022. She has +10 years of experience in journalism and economic analysis. She received the "Best Economic Article Award" in 2016 from CFA Society Egypt.


Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password