Nigeria has lost an estimated $226.7 billion in revenue due to the prolonged shutdown of oil production in Ogoni land since 1993, according to Pipeline Infrastructure Nigeria Limited (PINL).
The company disclosed that crude oil operations in the area—particularly from Oil Mining Lease (OML) 11, which contains about 96 oil wells—have remained inactive for over three decades, leading to massive economic losses.
PINL emphasised that resuming oil production in Ogoni could significantly boost Nigeria’s output, with the potential to generate over 500,000 barrels per day, supporting national revenue and energy goals.
However, the shutdown originally stemmed from environmental concerns and community protests over oil spills and degradation in the Niger Delta, making the issue highly sensitive.
The company stressed that any move to restart operations must prioritise environmental cleanup, community inclusion, and sustainable development, noting that trust-building with local communities remains crucial.
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