On Friday, the Federal Government declared that Nigeria’s oil production has surged to approximately 1.7 million barrels per day, marking an increase from the 1.1 million barrels per day recorded in August 2023. Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), shared this information during a press briefing at his office in Abuja on Friday.

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    Lokpobiri emphasized the goal of elevating crude oil production, asserting that increased production would generate more revenue for Nigeria, addressing various challenges facing the country.

    He highlighted the crucial role of the oil sector in contributing significantly to Nigeria’s foreign exchange earnings. Lokpobiri reported a steady rise in production, indicating that it had reached 1.3 to 1.4 million barrels per day, excluding condensates, and would be around 1.7 million barrels per day when condensates were included.

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