Nigeria is edging closer to achieving its 2.5 million barrels per day (bpd) oil production target as the Nigerian Upstream Petroleum Regulatory Authority (NUPRC) approved 28 Field Development Plans (FDPs) in 2025.
According to the Commission Chief Executive (CCE) of NUPRC, Gbenga Komolafe, the new projects will add 600,000 barrels of oil per day and over two billion standard cubic feet of gas daily to the nation’s output.
Komolafe made this known at the 2025 World Energies Summit, convened by Frontier Energy Network in London.
“In 2025 alone, 28 new FDPs have already been approved, unlocking an additional 1.4 billion barrels of oil and 5.4 trillion cubic feet of gas,” Komolafe stated.
He noted that the projects are backed by $18.2 billion in committed capital expenditure (CAPEX) and are expected to drive significant growth across Nigeria’s upstream oil and gas sector.
The NUPRC chief emphasized that these approvals reflect the country’s renewed investment momentum, adding that Nigeria’s upstream sector is now on a firm growth trajectory capable of sustaining its role as a premier global energy hub.
“Together, these outcomes demonstrate that Nigeria’s upstream sector is not only expanding but is also attracting the scale of investment needed to secure long-term energy stability,” Komolafe added.
With the additional capacity from the newly approved projects, Nigeria’s drive to achieve 2.5 million bpd production is gaining stronger traction, signalling a positive outlook for the country’s energy and economic performance.
