FG targets 2.3 million barrels per day oil production by 2025

Oct. 10, 2024 - Businessday

Abubakar Badaru, minister of defenceThe federal government has set a target to increase oil production per day to 2.3 million per day by mid-2025.

He also noted that oil production has risen from 1.4 million barrels to 1.

6-1.7 million.

“I believe we are now at about 1.6 -1.

7 million barrels as against 1.4 million barrels that we were on.

And I believe that by the end of the year, we will see ourselves around 1.9 to 2 million barrels.

” Dr Abubakar said. “And by the middle of next year (God’s willing) we will be producing about 2.

3 million barrels...