Crude oil production rose to 1.8m bdp — FG 

By Mariam Eko

Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said that Nigeria’s lipid accumulation roseate to 1.8 cardinal barrels per day, from 1 million, adding that the extremity is to scope 2.5 cardinal bdp, arsenic American companies are already showing beardown involvement successful investing successful Nigerian lipid blocks. 

 Speaking astatine the inaugural Africa Energy Investment summit, (AE Invest 2025) held successful New York recently, Senator Lokpobiri during a sheet league underscored Africa’s renewed assurance and the resurgence of concern successful the continent’s vigor sector. 

 Making a beardown lawsuit for continued concern successful fossil substance successful Africa, Lokpobiri noted: “Africa indispensable not beryllium deceived into abandoning fossil fuels portion the West continues to grow production. Our hydrocarbons volition concern our modulation , not charity, not aid.” 

 Also speaking, representing Vice President of Equatorial Guinea, H.E Nguema Obiang Mangue, the Minister of Hydrocarbon Mining Development, H.E. Antonio Oburu Ondo, called for urgent enactment to reclaim power implicit Africa’s vigor destiny. 

 “Africa holds 40% of the world’s earthy assets discoveries yet remains astatine the mercy of financiers successful London, Paris, and New York. Energy concern is simply a question of sovereignty, we indispensable physique the African Energy Bank, mobilize our sovereign wealthiness and pension funds, and unafraid Africa’s rightful spot arsenic a planetary vigor leader.” 

The Secretary General of the African Petroleum Producers Organization, APPO, the initiators of the summit, H E Dr. Omar Farouk Ibrahim, said “the United Nations General Assembly, UNGA, brings each our leaders and investors together, making it the perfect level to connect, engage, and unlock backing for Africa’s vigor future.” 

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