The Federal Government says that Nigeria’s oil production has jumped to about 1.7 million barrels per day, up from the 1.1mbpd recorded in August 2023.
Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), disclosed this in a session with journalists at his office in Abuja on Friday.
According to him, President Bola Ahmed Tinubu’s administration’s primary agenda is to increase crude oil production, thereby increasing the country’s revenue.
He said, “We have a sole agenda: to increase crude oil production. Once you increase production, there will be more revenue for Nigeria, which is the recipe for virtually all our problems in this country.
“We are already increasing production steadily. As of August, it was about 1.1mbpd, but as of today, it has increased to 1.3 and 1.4mbpd exclusive of condensates; if you include condensates, it will be about 1.7mbpd.”