– Eyesan says Nigeria can produce 1.9mb/d barrels daily
Mkpoikana Udoma
Port Harcourt — The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, and the Nigeria Revenue Service, NRS, have strengthened collaboration aimed at improving transparency, accountability and efficiency in the collection of oil and gas revenues, as Nigeria pushes to maximize earnings from the petroleum sector.
The renewed partnership was sealed during a meeting between the Chief Executive of NUPRC, Mrs. Oritsemeyiwa Eyesan, and the Chairman of the NRS, Dr. Zacch Adedeji, at the NRS headquarters in Abuja.
A major highlight of the engagement was NUPRC’s disclosure that Nigeria has the capacity to raise crude oil production to 1.9 million barrels per day, following the country’s recent production peak of 1.86 million barrels per day in May 2026.
Speaking at the meeting, Eyesan commended Adedeji for leading reforms that culminated in the enactment of the Nigeria Revenue Service Act, describing the development as a significant milestone in strengthening revenue administration.
She also expressed satisfaction with the transition of revenue collection responsibilities under the new framework, noting that the process had proceeded smoothly.
According to her, the Commission remains focused on creating an enabling environment for oil and gas operators, a strategy she said has contributed to improved production performance and growing investor confidence in the upstream sector.
Eyesan said, “Nigeria has the potential to produce 1.9 million barrels per day having hit a peak production of 1.86 million barrels per day in May.”
The NUPRC boss emphasized that sustained collaboration between regulatory and revenue-generating institutions would be critical to ensuring government derives optimal value from the nation’s hydrocarbon resources.
Responding, NRS Chairman, Dr. Zacch Adedeji, praised NUPRC for what he described as its dynamism, professionalism and transparency in the management of the upstream petroleum industry.
Adedeji pledged the continued support of the Revenue Service, particularly in matters relating to the transfer of revenue collection functions and the implementation of the new legal framework governing revenue administration.
“I collect revenue. I don’t generate revenue. Wherever revenue is, I work on it and keep an account for you. So, I’m helping you to collect your royalties,” Adedeji stated.
He assured that the NRS would continue to work closely with NUPRC to achieve their shared objective of increasing government revenues from the oil and gas sector in a fair, transparent and sustainable manner, while strengthening accountability across the industry.
