Business News Nigeria·2 min read·medium

Nigeria will produce 4 million barrels of crude oil daily within 24 months of Accord presidency

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Nigeria will produce 4 million barrels of crude oil daily within 24 months of Accord presidency
AI Summary

Nigerian presidential candidate Gbenga Olawepo-Hashim has pledged to increase the country's crude oil production to 4 million barrels per day within two years. His strategy focuses on reactivating 3,000 currently dormant oil wells rather than investing in new infrastructure projects.

Why it matters

The proposal addresses Nigeria's economic reliance on oil and suggests a shift in national fiscal priorities to boost immediate revenue.

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Nigeria will produce 4 million barrels of crude oil daily within 24 months of Accord presidency - Gbenga Hashim - Businessday NG

Nigeria will produce 4 million barrels of crude oil daily within 24 months of Accord presidency – Gbenga Hashim

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