Place the oil into the liner pan of the Instant Pot.
Add the rice, paprika, cumin, and salt, and stir well.
Set the Instant Pot to saute.
Saute until fragrant, a few minutes, while stirring.
Turn the saute feature off.
Add the gandules, olives, garlic, and water.
Give a good stir to incorporate. Set the Instant Pot to cook on high pressure for 10 minutes. Set the valve to sealing.
Allow to natural release for 10 minutes, and then release the remaining pressure carefully.
Carefully remove the lid. Find the pieces of garlic and smoosh them with a fork and stir into the rice.
Add the cilantro and stir well.
Serve!