Nigeria’s daily oil output has soared to 1.84 million barrels in recent days, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC),has revealed.
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, lauded the agency for the feat.
“It is heartening that you can tell us that you are doing 1.84 million barrels per day. That is fantastic news. That is totally in line with the mandate of President Bola Tinubu,” he said this when the Commission Chief Executive, NUPRC, Mrs. Oritsemeyiwa Eyesan, visited the headquarters of the Federal Ministry of Finance in Abuja on Thursday.
He described the war in the Middle East as unfortunate but said President Bola Tinubu had mandated an increased production even before the crisis began.
He implored the agency to redouble its efforts to hit 2mbpd, adding:“I wish you continued success. What matters is not just reaching certain heights but sustaining it. We don’t want any stopping along the way. The trajectory should be maintained and of course the magic figure is 2mbpd.
The Commission’s Chief Executive, told her host that the recent daily crude oil production had hit 1.84 million barrels per day, assured that that the agency will not rest on its oars in order to increase daily output.
She attributed the prior reduction in production in February to some unfortunate incidents on some strategic facilities as well as turnaround maintenance.
“But all that has been fixed and we are seeing production ramping up,” Eyesan said.
Speaking on the 2025 licensing round, Eyesan said the Commission is now in the technical and financial stage.
She expressed optimism over the growth of the petroleum sector in the near future especially because of provisions like the “drill or drop” in the Petroleum Industry Act which empowers the Commission to revoke leases of dormant acreages.
The NUPRC boss disclosed that some of the acreages that were put on offer could see production as soon as a year, adding that indigenous companies were showing an impressive capacity.
She also noted that the Commission had fully complied with the Executive Order 9 of 2026, which directs the immediate suspension of the 30% Frontier Exploration Fund (FEF) deduction from profit oil and gas, alongside other management fees and the direct remittance of same to the Federation Account.
