The Federal Government has introduced plans to spice up Nigeria’s crude oil manufacturing by an estimated 600,000 barrels per day (bpd), following a wave of recent investments within the upstream oil and fuel sector.
According to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the projected improve will stem from 28 new Field Development Plans (FDPs) accepted in 2025. The fee mentioned these initiatives are anticipated to yield about 600,000 barrels of oil and over 2 billion customary cubic ft of fuel per day as soon as operational.
If the projections are achieved, Nigeria’s crude output would rise to round 1.89 million barrels per day—up from the 1.39 million bpd recorded in September.
The Commission Chief Executive, Gbenga Komolafe, disclosed this on the ongoing 2025 World Energies Summit organised by Frontier Energy Network in London.
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In an announcement signed by the Head of Media and Strategic Communications, Eniola Akinkuotu, Komolafe reaffirmed the federal government’s dedication to growing oil manufacturing via sustainable and technology-driven developments.
He famous that the NUPRC stays centered on creating an enabling surroundings for traders, guaranteeing transparency, and maximising the worth derived from Nigeria’s hydrocarbon sources.
The deliberate output development aligns with the federal government’s broader technique to revitalise the oil sector and strengthen Nigeria’s place within the world vitality market.
