The Minister of State for Petroleum Resources, Heineken Lokpobiri, has assured Nigerians that the federal government is committed to achieving the 2.7 million barrels per day oil production target in the next two years.
Speaking at the Leadership Forum 2025 organised by Heirs Energy, in Abuja on Thursday, Lokpobiri said the government is dedicated to improving security, attracting investments, and enhancing operational efficiency in the sector.
Lokpobiri noted that for over a decade, the oil and gas sector suffered from a lack of investmen, but that recent policy changes and reforms have restored investor confidence, leading to increased production.
He credited the improved security situation in the Niger Delta to the combined efforts of the Nigerian military, paramilitary forces, and private contractors, which have significantly reduced pipeline vandalism and oil theft.
“We have also carried out reforms in the system,” Lokpobiri stated. “Before now, bureaucratic bottlenecks delayed approvals. Today, documents no longer need to sit on my desk for more than 24 hours once recommended by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).”
