President Bola Ahmed Tinubu will on Wednesday commission the $400 million Otakikpo Onshore Crude Oil Export Terminal in Rivers State, the first new crude export facility to be built in Nigeria in over 50 years. The inauguration is expected to attract top government officials, including the Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, Rivers State Governor, Siminalayi Fubara, and key stakeholders across the oil and gas sector. According to a statement signed by GEIL’s Executive Director of Legal and Corporate Services, Olusegun Ilori, on Thursday, the terminal aligns with President Tinubu’s drive to boost crude oil production and address Nigeria’s long-standing evacuation challenges. Industry operators have consistently highlighted evacuation bottlenecks as a major obstacle to meeting the Federal Government’s production target of three million barrels per day. The Otakikpo terminal is expected to serve as a lifeline to more than 40 stranded oil fields by providing a reliable evacuation outlet, potentially unlocking millions of barrels of crude previously trapped underground.