Nigeria is set to unveil a major development in its oil sector as President Bola Tinubu is scheduled to commission the Otakikpo Onshore Crude Oil Export Terminal on October 8, 2025. Located in Rivers State, this $400 million facility is the first new crude export terminal to be built in the country in over 50 years.
According to Olusegun Ilori, Executive Director of Legal and Corporate Services at Green Energy International Limited (GEIL), the terminal’s construction marks a significant milestone for Nigeria’s oil industry. GEIL, the operator of the Otakikpo field in OML 11, Ikuru Town, Andoni Local Government Area of Rivers State, has successfully developed the facility to enhance the country’s crude oil export capabilities.
The Otakikpo Onshore Crude Oil Export Terminal is poised to become Nigeria’s first wholly indigenous onshore terminal since the Forcados Terminal was commissioned in 1971. This project aligns with the Tinubu administration’s efforts to increase crude oil production and address the long-standing challenge of evacuation in the sector. By providing a strategic infrastructure, the terminal is expected to support the administration’s commitment to raising output while reducing costs.
Ilori emphasized that the project is a key component of the administration’s drive to boost crude oil production. The development of the terminal is seen as a crucial step towards addressing the country’s oil production and export challenges. With the commissioning of the Otakikpo Onshore Crude Oil Export Terminal, Nigeria is expected to enhance its position in the global oil market and increase its revenue from crude oil exports.
The terminal’s commissioning is a significant event for Nigeria’s oil industry, marking a major milestone in the country’s efforts to develop its energy sector. As the country continues to strive for economic growth and development, the successful completion of this project is expected to have a positive impact on the nation’s economy. With the inauguration of the terminal, Nigeria is poised to take a significant step forward in its quest to become a major player in the global oil market.
