"It is a sign": Jubilation over NUPRC’s project one million barrels per day

• The Extractive Industry Transparency Forum (EITF) has showered praises connected the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)
• The salient civilian nine watchdog successful Nigeria’s lipid and state operations said NUPRC's Project One Million Barrels Per Day is simply a imaginable lifeline for Nigeria’s crude accumulation and economical stability
• The President of EITF, Dr. Sani Yusuf Kura, said the task is simply a motion that the NUPRC nether the enactment of Gbenga Komolafe understands the urgency of the infinitesimal

Legit.ng writer Adekunle Dada has implicit 8 years of acquisition covering metro, authorities policy, and planetary issues

Kaduna authorities - The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has been commended for its Project One Million Barrels Per Day.

The Extractive Industry Transparency Forum (EITF) described the task arsenic a imaginable lifeline for Nigeria’s crude accumulation and economical stability.

EITF says NUPRC’s Project One Million Barrels Per Day is Nigeria’s Lifeline for Oil Output. Photo credit: @NUPRCofficial
Source: Twitter

It was gathered that the inaugural was unveiled nether the enactment of NUPRC Chief Executive Gbenga Komolafe.

The inaugural aims to ramp up Nigeria’s crude lipid accumulation by an further 1 cardinal barrels per time (bpd).

It is coming astatine a clip erstwhile Nigeria is grappling with dwindling output, pipeline vandalism, and underinvestment successful the upstream sector.

The President of EITF, Dr. Sani Yusuf Kura, praised the task arsenic a bold, data-driven involution that signals a caller epoch of upstream betterment and accountability.

Kura made this known successful a connection released successful Kaduna and made disposable to Legit.ng connected Monday, May 12, 2025.

“We are peculiarly impressed by the strategical plan of Project One Million Barrels Per Day. For the archetypal clip successful years, we are seeing a regulator not conscionable enforcing compliance but actively coordinating betterment by identifying shut-in wells, facilitating re-entry processes, and unlocking dormant capacity. It is simply a motion that the NUPRC nether Mr. Komolafe understands some the urgency of the infinitesimal and the method demands of the industry,”

According to Kura, the NUPRC's information revealed that Nigeria presently produces an mean of 1.4 cardinal barrels per day.

He further stated that the fig is beneath the 1.8 cardinal bpd people acceptable successful the 2024 nationalist fund and the 1.5 cardinal barrels regular quota allocated by the Organisation of Petroleum Exporting Countries (OPEC).

The NUPRC believes Nigeria can swiftly adjacent this spread with targeted support, brownfield development, and speedy wins from low-hanging assets.

NUPRC’s task 1 cardinal barrels per time volition amended Nigeria's overseas speech inflows, trim fiscal deficits. Photo credit: Stock Photo
Source: Getty Images

Kura noted that the EITF’s autarkic reappraisal of upstream tract operations revealed that implicit 900,000 bpd are presently unopen owed to regulatory delays, assemblage issues, logistics challenges, and aged infrastructure.

“If adjacent fractional of that capableness tin beryllium restored wrong the adjacent 12 months, it would importantly amended our overseas speech inflows, trim fiscal deficits, and animate capitalist confidence. The quality of the task is that it combines short-term gains with semipermanent structural reforms. This is not a cosmetic fix; it’s a systemic reboot,”

NUPRC transforming Nigeria's Oil and Gas assemblage

Recall that the Renewed Hope Ambassadors Network (RHAN) commended the NUPRC.

The Pro-Tinubu radical said NUPRC nether Komolafe's enactment is transforming Nigeria's lipid and state sector.

The caput wide of the group, Fabian Opialu, said NUPRC has recorded important strides successful restoring the mislaid glory of the lipid and state assemblage successful the country.

NUPRC commended for driving accountability

Meanwhile, Legit.ng reported that the Centre for Fiscal Transparency successful Natural Resources (CFTNR) applauded the NUPRC for its committedness to transparency, organization accountability, and afloat implementation of the Petroleum Industry Act (PIA).

This is pursuing a directive by the House of Representatives for OML18 Resources Limited to remit $4.02 cardinal to the Federation Account.

OML18 Resources, formerly Sahara Field Production Ltd, is among 45 lipid and state companies flagged successful the audit study and information presented by the NUPRC arsenic owing a combined $1.7 cardinal to the Nigerian authorities successful unpaid royalties, state flare penalties, and related liabilities.

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Source: Legit.ng