See How Niger Delta Peace Initiative Raised Refineries’ Production
Osinbajo's trips to the Niger Delta appear to have been quite profitable.
The federal government’s ability to end the fighting and bombing in the Niger Delta has started yielding positive results.
The Nigerian National Petroleum Corporation said because of this, Nigeria’s three refineries were able to refine 10 million barrels of crude in the first quarter of 2017.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, said in a statement released in Abuja on Tuesday that refining activities peaked at 10 million barrels in the first quarter of 2017.
Baru, was quoted to have stated this during an interactive session with a delegation from the UK Royal College of Defence Studies.
According to him, the peace initiative has lowered the rate of attacks on oil installations. This has made the corporation record an increase in crude oil production to two million barrels per day.
“As a nation, we have tried all available options, including military, to tackle the security challenge. We have discovered that guns are not as effective as the engagement option.
“The peace we are enjoying now is as a result of the engagement with stakeholders in the region led by the Acting President. We intend to build on that to achieve lasting peace”, Baru said.
He said with the respite in the region, the NNPC would do all it can to build on the gains recorded.