The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, has outlined the significant strides being made in Nigeria’s oil and gas sector, particularly through the Project 1MBOPD Incremental Initiative.

He made these remarks at the Heirs Energies Leadership Forum 2025, held in Abuja.

With the theme “Growth Accelerated,” Komolafe revealed that since the launch of the 1MBOPD Incremental Initiative in October 2024, Nigeria’s crude oil production has increased by 250,000 barrels per day, rising from 1.5 million barrels per day (MBPD) to 1.75 MBPD.

He outlined key strategies such as, re-entry of candidate wells to enhance production, attracting funding and investments to boost exploration and development and increase in rig counts, with 38 rigs currently in operation and a target of 50 by March 2025

On security in the oil industry, Komolafe reaffirmed the government’s multi-faceted approach to combating crude oil theft, deploying both kinetic and non-kinetic measures. He also highlighted the smooth implementation of the Host Communities Development Initiative, ensuring social inclusiveness and stability in oil-producing regions.

Transparency remains a top priority for the NUPRC, Komolafe stressed. The commission has introduced a two-phase metering regulation to enhance accurate hydrocarbon measurement and production allocation. Additionally, the Advanced Cargo Implementation Initiative, nearing completion, aims to resolve discrepancies between loaded and discharged crude volumes, strengthening accountability and reducing revenue losses.

With these initiatives in place, Komolafe affirmed that Nigeria’s oil and gas sector is on the verge of a major transformation, built on efficiency, transparency, and collaboration.

Stakeholders at the forum expressed confidence that with sustained investment and policy support, Nigeria will not only meet but exceed its production targets, reinforcing its global energy leadership.