RENEWED HOPE IN CRUDE OIL PRODUCTION

Nigeria's crude oil production is experiencing a significant resurgence, exceeding the OPEC quota for the first time in years. Analysts credit the private security firm Tantita Security Services, led by Chief Government Ekpemupolo, also known as Tompolo, for this turnaround. Appointed in August 2022 by the previous administration, Tantita's contract was renewed by President Bola Tinubu, a decision that appears to be paying off.

Tantita's effectiveness stems from its deep roots in the Niger Delta region. Its operatives, largely drawn from the area, possess intimate knowledge of the local topography and dynamics, giving them an edge in combating oil theft and vandalism. The firm's mandate is to secure oil infrastructure, deter thieves, and maintain peace in the volatile region, a task it has reportedly fulfilled with notable success.

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Tantita Security is living up to its obligations

This renewed stability has directly impacted production figures. By June 2026, Nigeria's crude output hit 1.555 million barrels per day, the highest monthly level since April 2020. Including condensates, the total daily production reached approximately 1.67 million barrels in July. This performance contrasts sharply with earlier periods when production dipped below one million barrels per day due to widespread insecurity and theft.

Indigenous investor Tony Elumelu, whose company operates the OML 17 oil block, has attested to the significant reduction in oil theft. He noted that prior to 2023, his company was losing a substantial amount of oil daily. The improved security and production environment under the current administration, bolstered by Tantita's efforts, is seen as a crucial factor in President Tinubu's ambitious economic goal of growing Nigeria's economy to $1 trillion by 2030.

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By hindsight, it’s safe to say that Tinubu was right in revalidating the contract.