The Extractive Industry Transparency Forum (EITF), a civil society watchdog for efficiency in Nigeria’s oil and gas sector, has thrown its weight behind the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) over its Project One Million Barrels Per Day, describing it as a potential lifeline for Nigeria’s crude production and economic stability.
The initiative, unveiled under the leadership of NUPRC Chief Executive, Gbenga Komolafe, aims to ramp up Nigeria’s crude oil production by an additional one million barrels per day (bpd). It comes at a time when the country is grappling with dwindling output, pipeline vandalism, and underinvestment in the upstream sector.
In a statement released in Kaduna, Dr. Sani Yusuf Kura, President of EITF, praised the project as a bold, data-driven intervention that signals a new era of upstream recovery and accountability.
“We are particularly impressed by the strategic design of Project One Million Barrels Per Day. For the first time in years, we are seeing a regulator not just enforcing compliance but actively coordinating recovery by identifying shut-in wells, facilitating re-entry processes, and unlocking dormant capacity. It is a sign that the NUPRC under Mr. Komolafe understands both the urgency of the moment and the technical demands of the industry,” he said.
According to NUPRC data, Nigeria currently produces an average of 1.4 million barrels per day; a figure well below the 1.8 million bpd target set in the 2024 national budget and the 1.5 million barrels daily quota allocated by the Organisation of Petroleum Exporting Countries (OPEC). The commission believes that with targeted support, brownfield development, and quick wins from low-hanging assets, Nigeria can swiftly close this gap.
Kura noted that the EITF’s independent review of upstream field operations corroborated the NUPRC’s assessment, revealing that over 900,000 bpd are currently shut-in due to regulatory delays, community issues, logistics challenges, and aged infrastructure.
“If even half of that capacity can be restored within the next 12 months, it would significantly improve our foreign exchange inflows, reduce fiscal deficits, and inspire investor confidence. The beauty of the project is that it combines short-term gains with long-term structural9 reforms. This is not a cosmetic fix; it’s a systemic reboot,” he said.
The group also lauded the commission’s collaboration with international oil companies (IOCs), independent producers, and joint venture partners in rolling out the initiative. According to the NUPRC, many operators have already submitted reactivation plans for idle wells and brownfield assets.
We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →
Join Our WhatsApp Channel
