A total of 50 oil and gas blocks have been placed on offer in the delayed 2025 licensing round. The government aims to raise oil production from the current 1.5 million barrels per day to 2.7 million barrels per day by 2027 through the exercise. Eyesan assured investors that the licensing round would provide a transparent, predictable and stable regulatory environment. NUPRC announced that the 2025 licensing round, officially launched on December 1, 2025, targets approximately $10 billion in new upstream investments. Eyesan restated the commission’s commitment to a transparent licensing round, insisting that Nigeria is ready to be the beautiful bride to capital and playroom for advanced technological deployment.