The Federal Government revealed on Wednesday that Nigeria’s oil production is currently roughly one million barrels per day below its technically permissible potential.
It blamed problems including a lack of investments, uncertainty, and a decline in hydrocarbon funding brought on by the energy transition, among others, for the poor oil output.
The Nigerian Upstream Petroleum Regulatory Commission announced this on behalf of the government during the host communities’ sensitization workshop with the theme “The Implementation of The Host Communities Development Trust,” which was held in Abuja.
