President Bola Tinubu is set to commission the $400 million Otakikpo Onshore Crude Oil Export Terminal in Ikuru Town, Andoni Local Government Area of Rivers State, on Wednesday, October 8, 2025, marking Nigeria’s first new crude export facility in more than five decades.
Developed by Green Energy International Limited (GEIL), the terminal is Nigeria’s first wholly indigenous onshore crude export facility since the Forcados Terminal, which began operations in 1971.
The facility has an initial storage capacity of 750,000 barrels, expandable to 3 million barrels, with a loading capacity of 360,000 barrels per day.
It is expected to serve as a vital export hub for over 40 stranded oil fields in the Niger Delta region, offering producers a cost-effective evacuation route and helping reduce reliance on aging infrastructure.
Chairman of GEIL, Prof. Anthony Adegbulugbe, described the project as a “game-changing infrastructure” that would help Nigeria overcome long-standing crude evacuation challenges, unlock stranded reserves, and boost investor confidence in the oil and gas sector.
Industry experts say the commissioning comes at a critical time for Nigeria, as the country seeks to raise oil production to meet its OPEC quota and address revenue shortfalls.
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The Otakikpo terminal is projected to improve Nigeria’s global competitiveness by lowering evacuation costs and minimizing disruptions linked to pipeline vandalism and theft.
The development is also being hailed as a milestone for indigenous participation in Nigeria’s oil and gas industry, signaling a shift toward greater local ownership and control of key export infrastructure.
The inauguration of the terminal is expected to attract stakeholders from the energy sector, government, and international investment community, reinforcing Tinubu’s administration’s focus on infrastructure renewal and economic diversification.