WorldStage Newsonline– Oil and gas stakeholders in Nigeria have been advised to collaborate to meet the quota approved by the Organisation of Petroleum Exporting Countries (OPEC).
Nigeria achieved 1.4 million barrels per day in the first quarter of 2025 which fell short of the 1.8 million barrels quota approved by OPEC.
The Minister of State for Petroleum Resources, Gas, Rt. Hon. Ekperikpe Ekpo who was represented on Wednesday by the Permanent Secretary, Mr Emeka Obi made the call while speaking at the ongoing 2025 Nigeria Oil and Gas Opportunities Fair (NOGOF) in Yenagoa.
‘The theme is: “Driving Investment and Production Growth: Shaping a sustainable Oil and Gas Industry through Indigenous Capacity Development’’
The minister said that with the nation’s oil reserve and a commitment by industry players, there is an opportunity to meet the quota.
He commended the Nigeria Content Development and Monitoring Board (NCDMB) for the fair showcasing opportunities for Nigerian companies.
He said that the growth of Nigerian content from five percent in 2010 to 56 per cent in 2024 was a laudable achievement.
About 1,000 companies are participating in the fair where major oil producers showcase opportunities and projects
