en.Wedoany.com Reported - Nigeria Pipeline Infrastructure Ltd (PINL), at its April stakeholders' meeting in Port Harcourt, stated that Nigeria has lost approximately $226 billion in revenue due to the prolonged shutdown of oil production in Ogoniland, urging the Federal Government to prioritize resuming operations in the area. The company said the shutdown since 1993 has had significant economic impacts, with over 96 oil wells lying idle for more than three decades.

PINL pointed out that Ogoniland, covering Oil Mining Lease 11, has the capacity to produce over 500,000 barrels of crude oil per day, describing its restart as a strategic national priority. However, the company emphasized that any resumption of production must be grounded in environmental sustainability, transparency, and active community engagement to ensure long-term stability.

It also called for continued cleanup efforts and the adoption of a community-based security framework, adding that local participation has proven effective in protecting oil infrastructure in the Niger Delta. PINL further advocated for economic inclusion of host communities through job creation, contracts, and capacity development related to oil operations.

Oil production in Ogoniland was suspended due to unrest and environmental issues, which sparked the Ogoni crisis. The company maintains that, with the right approach, restarting production can boost national revenue and drive economic growth, while stakeholders also urged the government to take concrete steps to realize the plan.

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