Nigeria's Oil Output Surges to 1.67 Million Barrels per Day on Improved Security+30
Nigeria's oil production has surged to 1.67 million barrels per day, thanks to improved security measures in the Niger-Delta region. President Bola Tinubu's re-engineered security approach has led to significant changes in the oil industry, which has been plagued by large-scale oil theft. The removal of the costly petrol subsidy has also contributed to savings for the country. However, Nigeria's oil sector still lags in contributing to the country's economic growth due to years of underinvestment and pipeline vandalism.