#GEJAchievements in Oil and Gas: Success of Amnesty Programme The diligent implementation of the amnesty programme in the Niger Delta has helped to increase oil production from pre-amnesty level of 700,000 bpd to the current 2,500,000 bpd. This is not without the intervention of the President when he appealed to the conscience of his constituency and proposed the Amnesty programme that went on to be the solution to the problem. The haemorrhage stopped and there has been stable supply of petroleum products since then as well as efficient administration of the characteristic subsidy programme which was revised to birth the Subsidy Re-investment Programme SURE-P, for even more efficiency and at reduced costs. As though that was not enough, Mobilisation has begun for a new free trade zone in Ogidigben, Delta State, with world-class petrochemical and fertilizer plants to be built, creating over five million jobs across the value chain. Gas flaring has been reduced from 24% to 18% between 2011 and 2012 - as a result of the encouragement of accelerated gas development projects and Nigeria is inches close to becoming a major player in the international gas market through the implementation of the Nigerian Gas Master Plan. Compare #Nigeriab4GEJ
Posted on: Sat, 17 Jan 2015 10:44:42 +0000
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