The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said Nigeria can achieve the production of three million barrels of oil per day in 2025.
Lokpobiri said this would include crude and condensates, adding that the country would raise production without having issues with the Organisation of the Petroleum Exporting Countries.
Speaking at an energy conference in Lagos on Tuesday, Lokpobiri maintained that Nigeria and Africa would continue to invest in oil and gas as the solution to energy poverty.
“I know that until tomorrow, oil and gas is still the solution to our problems. Any way you look at it, the bulk of our revenue and our foreign exchange still comes from oil and gas,” he said.
Lokpobiri expressed satisfaction that the current administration was able to raise daily oil production from one million barrels per day to 1.8mbpd.
“When we came, we barely did a million barrels. Today, we are doing 1.8mbpd and we can do more. And those who are responsible for this are more local. And that’s why I’m saying that look, we need to come together and continue on this trajectory. Let’s finish the journey that we have made together.”
