Our aspiration is to grow Nigeria's production to three million barrels per day- NNPC

Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari has revealed the oil firm's aspiration to increase production to three million barrels per day.

Kyari noted that the capacity of the state's oil firm has risen to 2.3 million per barrel for the first time.

The NNPC chief said that the rise was an indication of growth.

Commenting on the drop in oil price, the NNPC GMD believed the metrics will rise and things would return to normal.

"The key issue in the crude oil business is market fundamentals of demand/supply. I believe #COVID19 'll subside & countries will come back to life. I don't see the oil price going below the $20 we saw last week. I'm certain, all things being equal, oil price will bounce back."

GMD @MKKyari: "The key issue in crude oil business is market fundamentals of demand/supply. I believe #COVID19 'll subside & countries will come back to life. I don't see oil price going below the $20 we saw last week. I'm certain, all things being equal,oil price'll bounce back" pic.twitter.com/oYVnNECSXN

— NNPC Group (@NNPCgroup) April 6, 2020

Expressing optimism, Kyari said the state oil firm has experienced robust supply and distribution and added that they are no issues whatsoever.

"Today, we have a very robust products supply & distribution from the loading depots up to fuel stations nationwide. We also have a very good understanding with our strategic partners: the governors, marketers, depot owners, PTD, etc. There are no issues whatsoever," he stressed.