Nigeria's daily crude oil production has risen to 1.84 million barrels, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed. NUPRC Chief Executive Oritsemeyiwa Eyesan disclosed the figure during a working visit to the Federal Ministry of Finance in Abuja. The update was shared in a statement released on Friday, April 3. The production level marks a notable increase from previous months, though it remains below the country's OPEC+ quota. Eyesan described the improvement as a sign of stabilizing operations in the sector. She attributed the gain to enhanced security in the Niger Delta and improved investor engagement.
The commission is working with the Ministry of Finance to align revenue projections with current output levels. Discussions also covered fiscal frameworks and the impact of global oil price fluctuations. No timeline was given for when Nigeria might reach its full quota.
Oritsemeyiwa Eyesan's report of 1.84 million barrels per day sounds positive, but Nigeria is still producing below its OPEC+ allowance. This means the country continues to leave potential revenue on the table. Until output consistently hits quota levels, budget assumptions based on higher oil earnings will remain unrealistic for Nigerians.
