Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has projected an increase of about 600,000 barrels per day in Nigeria’s crude oil production in 2025, driven by new investments in the upstream sector.
According to NUPRC Chief Executive Gbenga Komolafe, the additional production will come from 28 Field Development Plans approved in 2025, expected to deliver 600,000 barrels of oil and over 2 billion standard cubic feet of gas per day, backed by $18.2 billion in committed capital expenditure. This would raise Nigeria’s total daily crude output to around 1.89 million barrels, up from 1.39 million barrels in September 2025.
Speaking at the 2025 World Energies Summit in London, Komolafe said the reforms and policies under President Bola Tinubu’s administration have revived investor confidence, leading to major projects such as Bonga North ($5bn) and Ubeta Gas Project ($500m). Rig activity has surged from 8 in 2021 to 70 in 2025, with 41 rigs currently drilling.
He highlighted that the Petroleum Industry Act (PIA) 2021, along with Tinubu’s 2024 Executive Orders, introduced fiscal reforms and transparency measures that improved competitiveness and investment stability
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