Onajite Okoloko speaks out on water and electricity scarcity in Nigeria

It is becoming increasingly clear that the world is running out of water, while electricity supplies are limited and both issues pose a risk to quality of life globally. Nigeria is grappling with shortages of these resources, and under the guidance of our Chairman, Onajite Okoloko, at Midwestern Oil and Gas we are striving to tackle these issues, so our people can attain a good standard of living. Resource scarcity Human beings need to drink water to stay healthy, so it’s our most precious resource. But the world’s water stores are finite, and just 2.5% of supply is fresh water, the only kind we can safely consume, and only a fraction of this water is drinkable. Even that is running out, as our planet faces a water scarcity problem. Data quoted by Water Filter Answers, a resource for water safety issues, shows that 1.1 billion people (a seventh of the world’s population) currently face water shortages. During the past century, electricity has...
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Exploring Nigeria’s Place in the Global Oil Sector

Nigeria is one of the world’s most oil-rich nations. This has allowed our country to build a thriving oil production industry, contributing significantly to the global oil sector in the process… Oil resources Nigeria’s oil success story begins in 1956, when the valuable commodity was first discovered buried beneath our nation’s land. We have tapped these resources heavily in the ensuing decades, building strong oil production operations in the process. We currently generate around 2.1 million barrels per day (bpd) according to The Cable, a local news source. Evidence suggests that there are roughly 37 billion barrels of oil left in Nigeria, meaning that we can keep producing it for years to come. Major producer Our significant oil reserves have allowed Nigeria to consistently rank among the world’s largest oil producing nations. It recently re-took the position of Africa’s largest producer, for instance, from Angola local news source Guardian writes, so Nigeria’s operations have a massive impact on how much oil reaches...
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Midwestern Oil’s Commitment to our Local Community

Midwestern Oil’s Commitment to our Local Community

We at Midwestern Oil & Gas Company Limited highly value the success of the communities within which we operate. We aim continually to give back to our host communities (Umusadege, Ogbeani & Umusam) where our team has built significant oil production operations, so we can work together with locals to ensure we all benefit. Welcome to Umusadege The Umusadege field is a lucrative, marginal oil field in the northern Niger River Delta, an oil-rich region located at the southern tip of our nation, Nigeria. We’ve been working Umusadege since 2003, after being awarded part interest by the Federal Government, and we have gone to great efforts to make the most of this opportunity. Generating revenue George Osahon, the Director of Nigeria’s Department of Petroleum Resources (DPR), recently called our activities crucial to the development of Nigeria’s oil sector. Expanding, he said that through our Umusadege operations, Midwestern Oil accounts for 32% of the 60,000 barrels per day of oil generated from Nigeria’s marginal...
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Onajite Okoloko Encourages Youth to Become Economically Independent

Onajite Okoloko Encourages Youth to Become Economically Independent

Nigerian youths are being advised to maximise every opportunity available to improve their lives and become economically independent, even in today’s tough white-collar job market according Midwestern CEO Onajite Okoloko. ‘‘There is still a lot of hope for Nigerian youths to prosper, despite the rising unemployment rate in the country,’’ says Onajite, a long-time advocate of the merits of hard work, dedication and education. According to Onajite, self-empowerment and self-employment is the panacea to inadequate white-collar jobs. “People used to think that the term ‘self-employment’ referred to highly successful business people. This made them intimidated and afraid to venture into self-employment because they felt it was far from their reach. But this was because the common concept was that starting a business usually required a lot of start-up capital. This is not the case anymore,” he says. Onajite says the first thing people need is the right mindset, adding that time wasted on frivolities could be used to better lives and improve the economy. He...
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Midwestern Commended on Contribution to Nigeria’s GDP

Through the Umusadege field, Midwestern Oil and Gas contributes 32% to Nigeria’s daily crude oil production. The nation’s Department of Petroleum Resources (DPR) has commended Midwestern Oil and Gas on this achievement, as it has significantly boosted Nigeria’s gross domestic product (GDP). The Department issued a statement revealing that crude oil production from Nigeria’s marginal fields has climbed to roughly 60,000 barrels per day (bpd), with Midwestern, led by Onajite Okoloko, contributing roughly 19,590 bpd. The DPR notes that the Nigerian Petroleum Decree gives firms such as Midwestern the ability to own and manage both onshore and shallow water leases. These rights were formerly held by global oil giants. The decree was designed to increase the participation of domestic firms in Nigerian crude oil production, via incentives to raise oil and gas reserves through intense exploration and expanding capacity by accelerating the development of Nigeria’s known reserves. DPR’s Director George Osahon says that the marginal field initiative has not advanced as rapidly as the Department had...
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