ECONOMY
Nigeria’s Oil Output Hits 1.7 Million Barrels Daily – NUPRC

Nigeria’s oil production is on the rise. The Nigerian Upstream Petroleum Regulatory Commission says output has jumped from just over one million barrels per day to 1.7 million barrels.
The Commission said Rig count has also seen a major boost moving from eight to 46 rigs in operation.
The Commission’s Chief Executive, Engr. Gbenga Komolafe, says these improvements are the result of bold reforms, investor-friendly policies, and the implementation of the Petroleum Industry Act, PIA.
Speaking at a strategic media workshop in Abuja on Wednesday, Engr. Komolafe said the Commission is now focused on cutting production costs and attracting more investments.
He also highlighted Project 1 Million Barrel Additional Incremental, a key initiative designed to unlock more oil output in a cost-effective way.
The NUPRC boss applauded President Bola Tinubu for signing executive orders that have cleared long-standing bottlenecks in the sector, encouraged investment inflows, and improved the ease of doing business.
He stressed that collaboration with the media is critical to deepening public understanding of these reforms and sustaining accountability.
Discover more from Naijanewstoday
Subscribe to get the latest posts sent to your email.
-
POLITICS5 days ago
C-Sagas UK Chapter Meets Founder in London, Reaffirms Humanitarian Vision
-
TECH6 days ago
OpenAI CEO Sam Altman Warns ChatGPT Conversations Aren’t Legally Confidential
-
NEWS5 days ago
Ikwo Noyo Clan Releases Official Timetable for 2025 Nnesweoha Festival
-
ENTERTAINMENT4 days ago
VeryDarkMan Breaks Down in Tears as He Announces Death of Popular Fish Seller
-
NEWS5 days ago
Nigerian Youth Advocate Calls Out Facebook’s Monetisation Policies
-
CAMPUS REPORTS6 days ago
VC Inaugurates Two New Residential Flats Built by AE-FUNAI Parents’ Forum
-
CAMPUS REPORTS5 days ago
Experts Urge Responsible AI And Data Use at AE-FUNAI Law Conference
-
POLITICS4 days ago
2027 Elections: We’re the Only Viable Alternative to APC, PDP Slams ADC
-
CAMPUS REPORTS5 days ago
AE-FUNAI Hosts ACSPN, Highlights Role of Artificial Intelligence in Media and Security
-
SPORTS6 days ago
Asisat Oshoala Shuts Down Retirement Rumors After WAFCON Triumph
-
NEWS5 days ago
David Umahi’s Daughter Kimberly Graduates With First Class
-
SPORTS4 days ago
Morocco Challenges Referee Call After Super Falcons’ WAFCON Triumph