Nigerian oil reserves reach 30 billion barrels

Nigeria's oil reserves have hit 30 billion barrels and further increases in production are expected, President Olusegun Obasanjo's adviser on petroleum Rilwanu Lukman said.

"I wish to inform you that as of today... we have achieved our target of 30 billion barrels, which incidentally we had not planned to do until 2003," Lukman told a news conference.