NDPA Highlights Infrastructure's Role in Nigeria's Oil Revenue

The Niger Delta Progress Alliance (NDPA) has released a statement underscoring the importance of infrastructure stability in unlocking Nigeria's oil revenue potential. As of August 2023, Nigeria's crude oil output increased to approximately 1.18 million barrels per day, up from 1.7 million barrels per day late in 2024, with an expected improvement of nearly 500,000 barrels daily without discovering new reserves.

The NDPA stresses that reliable infrastructure is essential for recovering lost volumes and ensuring fiscal returns. They noted that every additional 100,000 barrels secured within the legal export chain could translate to roughly $2.5 to $3 billion in annual export value.

The alliance highlighted the detrimental impact of oil theft on the economy, which disrupts foreign exchange inflows and distorts fiscal planning. They called for prioritizing theft reduction within Nigeria's broader energy reform agenda, emphasizing the need for community participation to minimize sabotage incidents and ensure the long-term reliability of oil production.