Jan. 5, 2022

The Group Managing Director of the NNPC, Mele Kyari, says the country now produces 1.74 million barrels of crude oil per day.

Kyari said this on Wednesday at a public presentation and breakdown of highlights of the 2022 Appropriation Act.

According to him, “three months ago we came down to 1.5 million barrels per day because of security issues and we are responding to it.

“As at today production has increased to 1.74 million barrels per day and there are on-going interventions to better the situation on security.

“The expectations are that within the month, we will get to 1.8 million barrels per day and exceed the limit within the year,’’ he said.

In his remarks, the Chairman, Senate Committee on Finance, Sen. Olamilekan Adeola, noted that there were challenges in revenue collection, but harder work would make the situation to improve.

“We are rewriting history by trying to return the government’s budget calendar to January-December and every December we ensure that the budget for the following year is passed by the president and we have achieved this for three years.

“This is a laudable achievement under this administration,’’ Adeola said. (NAN)