Tinubu To Commission Nigeria’s First $400m Crude Export Terminal In 50 Years

President Asiwaju Bola Ahmed Tinubu is expected to commission the $400 million Otakikpo Onshore Crude Oil Export Terminal in Rivers State on October 8, 2025.

It is the first new crude export facility to be built in Nigeria in more than 50 years.

The Executive Director of Legal and Corporate Services of Green Energy International Limited, GEIL, Olusegun Ilori, disclosed this in a statement on Thursday.

The facility, built by GEIL, operators of the Otakikpo field in OML 11, Ikuru Town, Andoni Local Government Area of Rivers State, will become the country’s first wholly indigenous onshore terminal since the Forcados Terminal, commissioned in 1971.

The company said the facility aligns with Tinubu’s administration’s drive to boost crude oil production and address Nigeria’s long-standing evacuation challenge.

“This project is a strategic infrastructure that supports the administration’s commitment to raising output while reducing costs,” Ilori said.

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