Nigeria has recorded a major milestone in its oil industry, with crude oil production rising above 1.8 million barrels per day, the highest level in recent months as reforms in the petroleum sector continue to gain traction.
Officials also confirmed that the number of active oil rigs has increased to 60, highlighting renewed investment and stronger operational activities across the country’s upstream oil industry.
The Federal Government attributed the increase to ongoing reforms designed to improve the business environment, strengthen security around oil installations, and attract both local and foreign investors.
The latest production figures are expected to boost national revenue, increase foreign exchange earnings, and support efforts to stabilize the economy amid growing demand for improved energy output.
Authorities expressed confidence that with sustained reforms, enhanced infrastructure, and continued investment, Nigeria’s oil production will continue to rise, further strengthening the nation’s position as one of Africa’s leading crude oil producers.
More details are expected as officials provide additional updates on the latest production figures.
