By Adeleye Kikelomo, 2nd August, 2025
News SOCIETY WATCH following for you ; In a bold move to revitalize Nigeria’s oil production and strengthen the economy, the Federal Government under the leadership of President Bola Ahmed Tinubu has unveiled plans to ramp up crude oil output by 810,000 barrels per day through the accelerated development of deepwater oil fields.
The initiative is aimed at reversing years of production decline and maximizing the country’s vast offshore reserves, which hold significant untapped potential. The push is part of President Tinubu’s broader agenda to restore Nigeria’s leadership in global energy markets and generate more revenue to support national development.
The strategic plan includes attracting fresh investments, resolving regulatory bottlenecks, and ensuring full implementation of the Petroleum Industry Act (PIA) to provide clarity and stability for operators.
According to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the targeted production boost will be achieved through a combination of new deepwater projects and the expansion of existing ones, especially in the Gulf of Guinea and other offshore basins.
The Tinubu administration has reiterated its commitment to creating a conducive investment climate, protecting stakeholders’ interests, and building an energy sector that delivers value for both the government and the people.
If successful, this initiative will not only stabilize Nigeria’s oil output but also significantly increase foreign exchange earnings, enhance job creation, and restore investor confidence in the upstream petroleum sector.
