The Nigerian Upstream Petroleum Regulatory Commission on Monday, said the nation’s oil and gas reserves has risen to 37.50 billion barrels as at January 2024, as against 37.046 billion it announced in May 2022.

During a press conference in Abuja, Engr Gbenga Komolafe, Chief Executive of the Commission, announced the creation of strong policies aimed at improving and optimising oil and gas operations in the country.

According to him, the gas and non-associated gas reserves is 102.59 trillion cubic feet and 106.67 trillion cubic feet respectively, resulting in total gas reserves at 209.26 trillion cubic feet.

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