Nigeria's Oil Sector Reforms Attract Billions in Investments, Boost Production
Nigeria has emerged as a top investment destination for global oil and gas investors following significant reforms by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The reforms led by Engr Gbenga Komolafe have restored confidence in Nigeria's upstream sector, positioning the country as a hub for oil and gas activities in Africa.
The transparency and reliability of Nigeria's regulatory framework have attracted international participation and billions of dollars in prospective investments. Notably, Nigeria's oil production has increased steadily to 2 million barrels per day in July 2025, up from 1.4 million barrels a year earlier.
The country's gas utilization has also significantly improved, reaching trillion standard cubic feet.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
Read full article
Continue on Legit NG
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
NUPRC Chief Reveals $18bn Investments in Nigerian Oil & Gas Sector
NUPRC Secures Deepwater PSCs in Nigeria's Oil Sector Reform
Nigerian Upstream Oil Sector Thrives with $40bn Investments, NUPRC Achievements
Tinubu's Reforms Fuel Billions in Investments in Nigeria's Oil & Gas Sector
Nigeria's Rig Count Soars 762% to 69, Boosting Oil Production Potential
NUPRC Praised for Transparency and Efficiency in Petroleum Regulation
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
