Energy

NNPC targets 1.8m barrels per day, produces 1.74m

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has declared that the country now produces 1.74 million barrels of crude oil per day.

Kyari gave the figure in Abuja on Wednesday at a public presentation and breakdown of highlights of the 2022 Appropriation Act.

“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.

READ ALSO: Buhari appoints Okadigbo’s widow as NNPC Board chair, drops Ararume

Meanwhile, the Federal Inland Revenue Service (FIRS) collected about N6.4 trillion as taxes in 2021.

Its Executive Chairman, Muhammad Nami, gave the figure in Abuja on Wednesday at a public presentation and breakdown of highlights of the 2022 Appropriation Act.

“We collected more than 70 per cent of the target set for 2021 with the help of technology and I assure Nigeria that we will do better in 2022.

“The figures will be fully published soon,” Nami said.

Nami added that technology helped to access taxpayers’ records, and to exchange locally and internationally.

TheStar

Seun Akinwunmi

Recent Posts

NDLEA nabs couple in Niger, recovers drugs in Lagos, Ogun raids

The operatives of the National Drug Law Enforcement Agency (NDLEA) have arrested a couple, Abdullahi…

37 minutes ago

NDLEA arrests 93-year-old man, doctor for cocaine, skunk trafficking

A 93-year-old man and a 69-year-old medical doctor have been arrested by the operatives of…

1 hour ago

I admire my parents’ legacy, but it was never uniform to wear — Tolu Odukoya

For Tolu Odukoya, growing up with one of Nigeria's most celebrated ministry names has never…

3 hours ago

My husband trusts me enough to handle kissing scenes — Scarlet Gomez

Actress Scarlet Gomez says her husband has no issue with her on-screen kissing roles, crediting…

3 hours ago

Katsina to domesticate national safe schools policy

The Katsina State Government is intensifying efforts to create safer learning environments through the domestication…

5 hours ago

INEC has no basis for removing Mark as ADC chair —Atiku

Former Vice-President Atiku Abubakar has accused the Independent National Electoral Commission of acting outside its…

6 hours ago

This website uses cookies.