The Nigerian Upstream Petroleum Regulatory Fee (NUPRC) has unveiled a complete Gasoline Growth Roadmap aimed toward unlocking over 55 trillion cubic toes of uncommitted fuel reserves and attracting billions of {dollars} in new investments throughout Nigeria’s fuel worth chain.
In accordance with the Fee, the initiative has already attracted about $4.9 billion in capital expenditure (CAPEX) investments inside Nigeria’s fuel worth chain.
In an announcement posted on X (previously Twitter) on Wednesday, the NUPRC stated the roadmap is designed to mobilize new investments, improve fuel infrastructure improvement, and speed up the monetisation of Nigeria’s huge fuel assets, thereby strengthening the nation’s power safety and industrial development.
“The Fee has accepted over 25 Non-Related Gasoline (NAG) Area Growth Plans, unlocking almost 9,790 BSCF of reserves, 3.54 BSCF/D of fuel, and attracting over $4.9 billion in CAPEX investments,” the company stated.
Talking on the third Gasoline Funding Discussion board held in Lagos, the Fee Chief Govt (CCE), Engr. Gbenga Komolafe, represented by the Govt Commissioner, Growth and Manufacturing, Engr. Enorense Amadasu outlined the Fee’s strategic deal with driving fuel improvement, monetisation, and infrastructure growth to safe Nigeria’s power future and assist financial transformation.
In accordance with him, Nigeria’s confirmed fuel reserves presently stand at 210.54 trillion cubic toes (TCF), comprising 109.51 TCF of Non-Related Gasoline (NAG) and 101.03 TCF of Related Gasoline (AG). He famous that about 55 TCF, representing 26 % of the overall fuel reserves, stays uncommitted to any present or deliberate monetisation initiatives — a transparent indication of huge untapped alternatives for each home and worldwide traders.
Nigeria’s Reserves Alternative Ratio (RRR) hits 1.56
In accordance with the company, Nigeria’s Reserves Alternative Ratio (RRR) presently stands at 1.56. Amadasu additional famous that the nation recorded a median day by day fuel manufacturing of 6.99 billion customary cubic toes (BSCF/D) in 2024, whereas the Reserves Life Index (RLI) is estimated at 92.7 years — a robust indication of long-term sustainability and safety for traders in Nigeria’s fuel sector.
The nationwide fuel reserves, he stated, grew from 208.83 TCF in 2023 to 210.54 TCF in 2025, whereas fuel manufacturing rose from 6.91 BSCF/D to 7.61 BSCF/D, reflecting regular development throughout the worth chain.
“The home market presently accounts for about 28 per cent of whole fuel utilisation, whereas exports by way of LNG and WAGP take up 35 %, and subject use, together with fuel elevate and reinjection, represents 29 %,” NUPRC stated.
He additional disclosed that the Fee is actively facilitating regulatory approvals and negotiations for upstream fuel provide to main initiatives akin to NLNG Practice 7, the Ajaokuta–Kaduna–Kano (AKK) Pipeline, and the Brass Fertilizer and Petrochemical Mission.
Engr. Amadasu additionally noticed that NUPRC is presently monitoring 19 lively fuel improvement initiatives, comprising 10 manufacturing amenities and 9 pipeline initiatives, with a mixed capability of three.55 BSCF/D. About 88 % of those initiatives are within the engineering section, whereas 12 % have progressed to building or fabrication.
He defined that 86 % of the brand new fuel manufacturing initiatives are focused on the export market, significantly feed fuel provide to the Nigerian LNG, whereas 23 % (142 MMSCFD) are directed towards the home market.
What you must know
Earlier in October, NUPRC reported a robust resurgence in actions throughout the nation’s oil and fuel upstream sector, highlighted by a exceptional rise in rig rely from eight in 2021 to 69 as of October 2, 2025.
In an announcement marking its fourth anniversary, the Fee’s Head of Media and Strategic Communication, Eniola Akinkuotu, stated the numerous rise in lively rigs displays renewed investor confidence and demonstrates the rising stability of Nigeria’s petroleum trade.
In accordance with the NUPRC’s information, Nigeria’s crude oil manufacturing grew by 5.5% year-on-year in August 2025, averaging 1.43 million barrels per day (bpd) in comparison with 1.36 million bpd in the identical interval final 12 months.
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