• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, July 25, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Group praises Nigeria’s surge in rig count, improved crude production

Crude

The Matters Press by The Matters Press
March 6, 2025
Reading Time: 1 min read
0
Nigeria regains top crude oil production spot in Africa

The Tinubu Stakeholders Forum (TSF) has commended President Bola Tinubu’s administration for the remarkable progress in Nigeria’s oil sector, particularly in the significant increase in rig count from 19 to 40, with projections reaching 50.

RELATED POSTS

ADC’s claim on refinery sale, horrendous half truth

‎No political undertone in Tinubu’s befitting honour for Buhari, TDF ‎

‎Stop scapegoating Tinubu, stick to ethics of internal democracy, Group tells ADC ‎

In a statement signed by its Chairman Ahmad Sajoh and Secretary Afolabi Josiah, it argued that the achievement underscored the administration’s commitment to reviving Nigeria’s oil production capacity, strengthening economic resilience, and fostering national prosperity.

The group said: “The activation of oil rigs is akin to drilling new wells, signifying renewed investment and confidence in the sector. This development is a clear indicator that oil production is on the rise, and with the projected increase in rig count, Nigeria is set for enhanced crude oil output, translating to greater national revenue and economic stability.

“It is also noteworthy that the increase in operational rigs suggests a reduction in oil theft and pipeline vandalism, which have long hampered production. The administration’s strategic policies and decisive actions in curbing illegal activities in the sector are yielding positive results, allowing rigs to function optimally and contribute effectively to national output.

“The implications of this resurgence are far-reaching. With increased crude production, Nigeria stands to gain improved foreign exchange inflows, bolstering the Naira and easing the economic strain on citizens. The increased revenue stream will also facilitate more infrastructural development, job creation, and social investment programs aimed at alleviating hardship and improving the standard of living for Nigerians.

“We remain confident that with sustained reforms and proactive governance, Nigeria’s oil industry will regain its position as a key driver of economic growth and national prosperity.”

The Tinubu Stakeholders Forum also reaffirmed its call for continued support for the administration’s efforts in revitalizing the oil and gas sector.

end

Tags: Crude oil
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigerian firms to handle $4b gas project
Economy/Technology

ADC’s claim on refinery sale, horrendous half truth

July 23, 2025
Tinubu inaugurates economic council
Energy

‎No political undertone in Tinubu’s befitting honour for Buhari, TDF ‎

July 23, 2025
Babangida Aliyu’s Exit from ADC, a testament to Coalition’s deceitful recruitment- Group
Economy/Technology

‎Stop scapegoating Tinubu, stick to ethics of internal democracy, Group tells ADC ‎

July 20, 2025
Befitting honour for former President Buhari commendable – TMSG
Economy/Technology

Group commends Tinubu’s exceptional honour to late President

July 20, 2025
Nigeria has not taken decision yet on fuel subsidy
Economy/Technology

Atiku still confused, repetitive over‎ Fuel Subsidy Withdrawal

July 19, 2025
Befitting honour for former President Buhari commendable – TMSG
Economy/Technology

Befitting honour for former President Buhari commendable – TMSG

July 17, 2025
Next Post
Nigeria to promote digital innovation, entrepreneurship – Pantami

Nigeria's policies building capacity, creating opportunities in digital economy

Cash, petrol scarcity create food crisis in Nigeria

Drop in food prices evidence of Nigeria’s successful efforts to tackle food inflation

Recommended Stories

Nigeria loses $25b to foreign ship owners

Shippers’ council’s activities not limited to seaport

September 15, 2022
Minimum wage a reality – Labour

NLC threatens to commence strike without notice over petrol price

August 15, 2023
Nigerian Breweries allots 78m shares

Nigerian Breweries allots 78m shares

January 26, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ADC’s claim on refinery sale, horrendous half truth
  • ‎No political undertone in Tinubu’s befitting honour for Buhari, TDF ‎
  • ‎Stop scapegoating Tinubu, stick to ethics of internal democracy, Group tells ADC ‎

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us