Green Energy International Limited (GEIL) has launched the Otakikpo Onshore Crude Oil Export Terminal, a $400 million facility described as the first wholly indigenous onshore crude export terminal to be built in Nigeria.
The announcement was made on Wednesday by the Special Adviser to the President on Energy, Olu Verheijen, in a post on X (formerly Twitter). She congratulated Professor Anthony Adegbulugbe, Chairman of GEIL and former Special Adviser on Energy and Strategic Matters to ex-President Olusegun Obasanjo, on what she called a landmark achievement for the Nigerian energy sector.
“It gives me great pleasure to congratulate my dear brother, Professor Anthony Adegbulugbe, on the successful launch of the $400 million Otakikpo Onshore Crude Oil Export Terminal by Green Energy International Limited,” Verheijen said. “This first wholly indigenous facility of its kind in over five decades showcases visionary leadership, technical depth, and Nigeria’s growing capacity to deliver world-class energy infrastructure.”
Tinubu hails milestone project
President Bola Tinubu, represented at the inauguration by the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, described the project as a strategic achievement aligned with his administration’s Renewed Hope Agenda.
He said the terminal demonstrates Nigeria’s commitment to expanding energy infrastructure, deepening local participation, and strengthening energy security.
Reaffirming the central role of hydrocarbons in Nigeria’s economic development, Tinubu said: “Oil and gas will never go away. The International Energy Agency has now admitted that the world must invest over $540 billion yearly in the upstream sector to avoid an energy crisis. We cannot abandon our God-given resources.”
The President also revealed that the Federal Government is in talks with Ogoni leaders to resolve longstanding disputes that have hampered oil production in their communities.
The Otakikpo Onshore Crude Oil Export Terminal is Nigeria’s first fully indigenous onshore export facility in more than fifty years. It underscores the growing role of Nigerian companies in delivering large-scale energy infrastructure projects traditionally dominated by international oil firms.
Earlier in the year, the presidency announced that Nigeria had attracted over $8 billion in investments for deepwater and gas projects, reflecting renewed investor confidence in the energy sector.
In September, Tinubu directed the National Security Adviser, Mallam Nuhu Ribadu, to engage with the Nigerian National Petroleum Company Limited, Ogoni leaders, and other stakeholders to pave the way for the resumption of oil production in Ogoniland.
He later signed into law the bill establishing the Federal University of Environmental Technology in Ogoni, Rivers State, aimed at promoting peace, development, and environmental restoration in the Niger Delta.
