Gbenga Komolafe, Chief Executive of the NUPRC, made this revelation during the Renewed Hope Global Town Hall Conference in Abuja. He emphasized that Nigeria’s oil and gas sector has witnessed remarkable progress under the current administration, citing strategic interventions that have curbed illegal siphoning of crude oil.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported a significant reduction in crude oil theft, bringing it down to 5,000 barrels per day (BOPD). This milestone has contributed to an increase in the nation’s oil production, which reached 1.75 million barrels per day as of January 2025.
Strategic Interventions Curb Oil Theft – Komolafe
Gbenga Komolafe highlighted that the reduction in oil theft is the result of a combination of kinetic and non-kinetic interventions implemented by the government. These measures include enhanced security operations, advanced surveillance technology, and stakeholder collaboration to prevent illegal bunkering activities.
He noted that crude oil production had previously plummeted to 1.1 million BOPD in 2022 due to widespread pipeline vandalism and oil theft. However, the aggressive crackdown on illicit activities has reversed this downward trend, restoring stability and boosting investor confidence in Nigeria’s oil industry.
Security Reinforcement and Surveillance Technology
To sustain the progress made in tackling oil theft, the government has intensified security patrols around major oil pipelines and production sites. Gbenga Komolafe explained that real-time pipeline monitoring systems, aerial drones, and advanced tracking mechanisms have been deployed to detect and prevent illegal tapping of crude oil.
In addition to security enforcement, community engagement programs have played a crucial role in discouraging oil theft. The government has collaborated with local leaders and host communities to ensure they benefit from legal oil exploration rather than resorting to illegal activities.
Nigeria’s Oil Production Recovery and Market Impact
The steady rise in Nigeria’s crude oil production is a major boost to the nation’s economy. Gbenga Komolafe disclosed that production has increased from 1.1 million BOPD in 2022 to 1.7 million BOPD in early 2025, with projections indicating a further rise. This increase enhances Nigeria’s standing within the Organization of the Petroleum Exporting Countries (OPEC) and improves foreign exchange earnings.
With a more secure oil sector, international investors have shown renewed interest in Nigeria’s petroleum industry. The government aims to capitalize on this by implementing long-term policies that ensure sustainable growth and stability in the sector.
Regulatory Reforms Driving the Transformation
Gbenga Komolafe underscored the importance of the 10-Year Regulatory and Corporate Strategic Plan (2023–2033) introduced in May 2023. This blueprint outlines a comprehensive roadmap for regulatory reforms, infrastructure development, and enhanced operational efficiency in Nigeria’s oil and gas sector.
Additionally, the 2024 Regulatory Action Plan was launched to address critical challenges, streamline licensing processes, and foster a business-friendly environment. These reforms are expected to drive further investments, improve transparency, and optimize oil revenue management.
Future Outlook: Sustaining Gains and Enhancing Production
Looking ahead, Gbenga Komolafe reiterated the government’s commitment to maintaining the momentum in combating oil theft and improving production efficiency. Plans are underway to expand Nigeria’s refining capacity, reduce dependence on crude oil exports, and develop alternative energy sources.
With ongoing reforms, increased security, and technological advancements, Nigeria is poised to achieve long-term energy stability, enhance revenue generation, and strengthen its position in the global oil market. The current administration’s proactive approach signals a new era for the nation’s petroleum industry, ensuring that oil wealth benefits all Nigerians.
Table of Contents
Discover more from OGM News NG
Subscribe to get the latest posts sent to your email.
