Nigeria’s upstream regulator has reaffirmed its ambition to raise daily crude oil production to 2.5 million barrels per day (bpd) by 2026, positioning Africa’s largest oil producer for a potential output rebound after years of volatility. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the target is achievable through renewed investments, improved security and regulatory reforms.
The commission noted that production has been constrained by pipeline vandalism, oil theft and operational delays, but recent interventions have significantly reduced losses and restored investor confidence. Officials say ongoing partnerships between government, communities and security agencies are helping stabilize key corridors in the Niger Delta.
To reach the 2.5 million bpd target, Nigeria is accelerating licensing rounds, fast-tracking stalled projects, and strengthening the implementation of the Petroleum Industry Act (PIA). The regulator also highlighted that enhanced technology deployment including real-time metering and surveillance systems is now being introduced to curb leaks and improve transparency.
International oil companies and indigenous operators have welcomed the renewed clarity in regulatory direction, noting that stable policy frameworks are essential for unlocking dormant reserves. Some operators are reportedly revisiting long-delayed investment decisions due to improved operational conditions.
If achieved, the target would significantly boost Nigeria’s foreign exchange earnings, strengthen government revenue and improve funding for critical infrastructure. Analysts, however, caution that sustaining reforms, enhancing security and addressing community grievances remain key to long-term production stability.