Oando Advocates Policy Alignment and Capital Injection for Nigeria's 3m bpd Oil Production Target by 2030

Oando PLC, represented by Dr. Ainoji Alex Irune, stresses the importance of policy alignment and capital injection to reach Nigeria's ambitious goal of producing 3 million barrels of oil per day by 2030.

Irune highlights the necessity of a coherent policy framework, credible governance, and strategic investments to drive growth in the sector. He emphasizes the shift from individual ambitions to collaborative efforts, citing examples of successful partnerships between indigenous operators like Oando and international oil companies (IOCs) like Seplat.

Irune warns that without alignment across policies, capital, and execution, Nigeria risks missing opportunities to sustain its global relevance in the upstream oil industry. The call is made for a comprehensive approach to address policy, capital, and execution challenges to unlock Nigeria's upstream potential and drive economic growth.