Nigeria now produces 1.74 million barrels of crude oil per day.
The Nigerian National Petroleum Company (NNPC) CEO, Mallam Mele Kyari gave the figure in Abuja on Wednesday in a public presentation and breakdown of the highlights of the 2022 Appropriation Act.
Kyari said, “Three months ago we went down to 1.5 million barrels per day due to safety concerns and we are responding.
“As of today, production has increased to 1.74 million barrels per day and there are ongoing interventions to improve the security situation.
“The expectations are that within a month we will reach 1.8 million barrels per day and exceed the limit within the year,” he said.
In his remarks, the chairman of the Senate Finance Committee, Senator Olamilekan Adeola, noted that there were challenges in raising revenue, but that harder work would improve the situation.
“We are rewriting history trying to return the government’s budget calendar to January-December and every December we make sure that the president approves the budget for the following year and we have succeeded for three years.
“This is a commendable achievement under this administration,” Adeola said.
