Nigeria is set to unveil a major development in its oil sector as President Bola Tinubu will commission the Otakikpo Onshore Crude Oil Export Terminal on 8 October 2025. Located in Rivers State, the $400 million facility is the first new crude export terminal built in the country in more than 50 years.
Olusegun Ilori, Executive Director of Legal and Corporate Services at Green Energy International Limited (GEIL), said 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, has successfully developed the facility to enhance the nation’s crude‑oil export capabilities.
The Otakikpo Onshore Crude Oil Export Terminal will become Nigeria’s first wholly indigenous onshore terminal since the Forcados Terminal was commissioned in 1971. The project aligns with the Tinubu administration’s efforts to increase crude‑oil production and address the long‑standing evacuation challenge in the sector. By providing 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 government’s drive to boost crude‑oil production and to tackle the country’s oil‑production and export challenges. With the terminal’s commissioning, Nigeria is expected to strengthen its position in the global oil market and increase revenue from crude‑oil exports.
The inauguration of the Otakikpo terminal marks a major milestone in Nigeria’s energy‑sector development and is poised to have a positive impact on the nation’s economy as it strives for continued growth and greater participation in the global oil market.
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