Tinubu's Reforms Boost Nigeria's Crude Oil Production by Over 80%

Nigeria's crude oil production has seen an unprecedented surge of over 80% under President Bola Tinubu's reforms, according to Minister of State for Petroleum Resources (Oil) Senator Heineken Lokpobiri.

Tinubu's administration has achieved this feat through committed efforts by stakeholders, led by the President. As of the last weekly report from NUPRC, Nigeria is producing 1,824,000 barrels per day inclusive of condensate, a significant increase from the less than one million barrels per day produced in 2023.

The minister attributed this turnaround to the approval of divestments by Shell to Renaissance and ExxonMobil to Seplat, which were delayed by the previous government due to lack of courage. These approvals triggered investments in Bonga North, Bonga South-West, and Zabazaba fields.