Nigeria’s upstream oil and gas sector is witnessing a resurgence in investor confidence, with over $10bn in new investments unlocked through recent regulatory reforms, the Nigerian Upstream Petroleum Regulatory Commission has said.
The Commission Chief Executive of the NUPRC, Oritsemeyiwa Eyesan, disclosed this on Thursday at the 2026 Oloibiri Lecture and Energy Forum in Abuja, where key industry stakeholders gathered to examine pathways to achieving and surpassing Nigeria’s oil production targets.
The Federal Government aims to achieve a crude oil production target of three million barrels per day by 2030.
Speaking at the 26th edition of the forum themed, “Beyond the Three Million Barrels Target: Harmonising Digitalisation, Capital and Policy Frameworks for Intelligent Operations and Asset Optimisation,” Eyesan said the inflows reflect growing confidence in Nigeria’s policy direction following the implementation of the Petroleum Industry Act.
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