Presidential candidate of the Accord Party, Gbenga Olawepo-Hashim, has unveiled what he described as the production backbone of his Energy First Presidential Agenda, promising to raise Nigeria’s crude oil production to a minimum of four million barrels per day; within 24 months of an Accord administration.
Hashim made the declaration when he appeared on Channels Television’s Politics Today programme, over the weekend, where he outlined his strategy for using Nigeria’s existing petroleum assets to rapidly expand production.
At the centre of the plan, said Hashim, is an investment programme to bring approximately 3,000 currently non-producing oil wells back into productive operation.
“We have oil wells that have already been drilled, assets that have already been discovered and infrastructure that have already been built. Our first task is to put these assets back to work for Nigeria.”
Hashim maintained that government should prioritise the recovery of existing productive assets over committing scarce public resources to projects like Lagos-Calabar Coastal Highway, arguing that the road may not bring any revenue to government in the next 20years.
