OIL AND GAS
1. There has been stable supply of petroleum products as well as efficient administration of the subsidy programme at reduced costs.
2. Mobilisation has begun for a new free trade zone in Ogidigben, Delta State, with world class petrochemical and fertilizer plants to be built, creating over five million jobs across the value chain.
3. Gas flaring has been reduced from 24% to 18% between 2011 and 2012 as a result of the encouragement of accelerated gas development projects.
4. The diligent implementation of the amnesty programme in the Nigeria Delta has helped to increase oil production from pre-amnesty level of 700,000 bpd to the current 2,500,000 bpd.
5. Nigeria will soon become a major player in the international gas market through the implementation of the Nigerian Gas Master Plan.
6. Compressed Natural Gas (CNG) programme is in full progress with 2000 cars already converted in Benin.
7. Domestic gas supply to support the power sector has increased by 72% as part of the emergency gas supply programme.
8. Government's effort at encouraging indigenous participation in the oil and gas industry has produced an oil terminalling facility (Ebok Terminal) established by an indigenous company, with a current daily crude oil production of 7,000 barrel per day and a plateau production of 50,000 bpd at full capacity.
9. Nigerians now own crude oil transportation tankers, flying Nigerian flags. Nigerian owned marine vessels have increased from 54 to 388, creating employment for over 30,000 Nigerians.
10. Onne Oil & Gas free trade zone has created 30,000 jobs directly and indirectly.
11. The 136km gas pipeline from Oben to Geregu has been completed.
12. The 31km Itoki to Olorunsogo gas pipeline has also been completed.