The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that Nigeria’s crude oil production has reached 1.84 million barrels per day (mbpd) in recent days.

The Commission Chief Executive, NUPRC, Mrs. Oritsemeyiwa Eyesan, stated this when she visited the headquarters of the Federal Ministry of Finance in Abuja, according to a statement yesterday by the commission’s Head, Media and Corporate Communication, Eniola Akinkuotu. Eyesan said: “We are doing 1.84 million barrels per day.

That is a remarkable feat but I am sure we will do more.” The NUPRC chief executive attributed the prior dip in production in February to some unfortunate incidents on some strategic facilities as well as turnaround maintenance. “But all that has been fixed and we are seeing production ramping up,” Eyesan said.

With regards to the 2025 licensing round, Eyesan said the Commission is now in the technical and financial stage. She expressed optimism over the growth of the petroleum sector in the near future especially because of provisions like the “drill or drop” in the Petroleum Industry Act which empowers the Commission to revoke leases of dormant acreages.

The NUPRC boss revealed that some of the acreages that were put on offer could see production as soon as a year, adding that indigenous companies were showing an impressive capacity.

Eyesan also noted that the Commission had fully complied with the Executive Order 9 of 2026, which directs the immediate suspension of the 30% Frontier Exploration Fund (FEF) deduction from profit oil and gas, alongside other management fees and the direct remittance of same to the Federation Account.

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, commended the NUPRC for piloting the petroleum sector to hit a daily production level of 1.84 million barrels in recent days. Edun said: “It is heartening that you can tell us that you are doing 1.84 million barrels per day. That is fantastic news.

That is totally in line with the mandate of President Bola Tinubu. “Clearly, you have started on a very good note. Please keep it up.” The finance minister described the war in the Middle East as unfortunate but said President Tinubu had mandated an increased production even before the crisis began.