Stella Dimoko Nigeria's Crude Oil Production Rises To 2 million Barrels Per Day


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Thursday, February 16, 2017

Nigeria's Crude Oil Production Rises To 2 million Barrels Per Day

Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has stated
that crude oil production had risen to two million barrels per day.

With the rise, Nigeria now produces additional 200,000 barrels per day, up from the 1.8 million bpd recorded in recent times.

Kachikwu added that In some weeks, Nigeria will be able to progress to 2.2 million bpd, which is the target of the (2017) budget.


  1. Replies
    1. Family members please does this affect exchange rate (£) please? This is an innocent question, can someone answer please.

    2. It will eventually improve exchange rates. Increased crude oil revenue as a result of production volume increase, even at the current prices, will improve the country's ability to meet obligations and possibly save. This will eventually improve the value of the Naira if managed properly.

    3. Thanks a lot Anonymous 13:29.

  2. How does that affect the dwindling dollar rate is what I would like to know.

    1. Read what anoy 13:29 wrote learn from it. Stop thinking worst about the nation.

  3. Thank God!...
    Let's see who Vuharia and his APC liars will blame their downfall on!...

  4. Will it make prices of goods and services fall?

    1. Yes if implemented in right direction.

    2. Yes if implemented in right direction.

    3. Yes if implemented in right direction.

  5. BIG BROTHER WHAT? I heard the winner of this notorious "Big Brother Naija" is expected to walk away with N25milion and a Car?
    Uhmm.......All it requires is: Live with a set of fellow crazy people, do all sorts of immoral things and win!
    Just like that??
    If only there could be an educating version of such.
    If only they could house intelligent scholars like this and make them compete for similar prizes. But, no! Our people do not encourage sanity. The best in Mathematics competitions walk home with ridiculous stipends, Laughable prizes while these "morons" in BBN earn millions for coming to suck breasts on International TVs.

    What a generation!!!
    How do we produce the next Chike Obi's, the next Chinua Achebe's and the next Wole Shoyinka's????
    What foundations are we laying down for the coming generations?
    What message of hope and legacies are we leaving behind? Immoralities... Are we not losing our minds?
    This programme should be replaced with a more intelligent and educative programme.

    Naija is broke yet the sponsors are wasting millions of Naira on an highly Immoral programme.
    Pls what is the objective for this programe and what is the lesson on this Big Brother for our YOUTHS???

    Just thinking aloud..................

    1. Sorry its not a Nigeria programme.

  6. Oya make dollar come down naooo ehhhhh


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