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Nigeria’s crude oil production has risen by 600,000 barrels per day, from about 1.2 million bpd to 1.8 million bpd, according to NNPC Limited Group Chief Executive Officer Bayo Ojulari. He made the disclosure at the 2026 Abu Dhabi International Petroleum Exhibition and Conference, where he said the increase followed reforms, improved investment conditions, better investment decisions and closer work between NNPC and its partners.
Nigeria’s crude oil production has increased by 600,000 barrels per day to about 1.8 million bpd from roughly 1.2 million bpd, NNPC Limited Group Chief Executive Officer Bayo Ojulari has said.
Ojulari disclosed this at the 2026 Abu Dhabi International Petroleum Exhibition and Conference in the United Arab Emirates.
According to him, the increase followed the implementation of the Petroleum Industry Act, improved investment conditions, better investment decisions and closer collaboration between NNPC and its partners.
The new figure is notable because it places current output well above the level cited by the NNPC chief as the starting point for the increase. The statement points to a significant rebound in production based on the company’s account of recent changes in the sector.
NNPC also said it is targeting oil production of 2 million barrels per day by 2027.
Beyond crude, Ojulari said the company is aiming for gas production of 10 billion standard cubic feet per day by 2027 and 12 billion standard cubic feet per day by 2030.
The remarks place oil and gas output growth at the centre of NNPC’s current agenda, with production increases presented as a result of policy and investment-related changes rather than a single project or field.
Why it matters
Oil production remains central to Nigeria’s energy sector and public finances, so any reported increase in crude output is closely watched. The jump from about 1.2 million bpd to 1.8 million bpd, if sustained, would mark a material change in production levels. The company’s 2027 target of 2 million bpd also gives a clear benchmark against which future performance can be assessed.
What it means for your money
This development does not create an immediate, direct personal-finance action for readers. However, oil output trends are important for Nigeria’s wider economy, so readers may want to watch whether the reported rise is sustained and how it relates to broader energy-sector performance.
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The immediate point to monitor is whether subsequent official updates continue to show production around the 1.8 million bpd level or closer to the 2 million bpd target set for 2027. Readers should also watch for further details on how the Petroleum Industry Act, investment conditions and NNPC-partner collaboration are expected to support both oil and gas output goals
NNPC says Nigeria’s crude oil production has risen by 600,000 barrels per day to 1.8 million bpd, and it is now aiming for 2 million bpd by 2027. The claim, made by its chief executive at ADIPEC 2026, frames recent reforms and investment conditions as the main drivers of the increase.
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