Nigeria’s oil output, including condensate, increased by 4 percent to 1.737 million barrels per day (bpd) in January 2025, up from 1.667 million bpd in December 2024.
According to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the nation’s oil output also rose by 5.7% year-on-year (YoY) to 1.737 million bpd in January 2025, from 1.643 million bpd in January 2024.
“We are committed to ramping up oil production to a sustainable level,” said Senator Heineken Lokpobiri, Minister of State Petroleum Resources (Oil).
“The Presidential directive has been the cornerstone of our commitment, and we have engaged stakeholders both domestically and internationally to build synergy and foster partnerships.”
The NUPRC report also noted that the average crude oil production was 103% of the Organization of Petroleum Exporting Countries (OPEC) quota of 1.5 million bpd.
However, Nigeria failed to meet its budget target of 2.06 million bpd.
“We successfully attracted significant investments and strengthened institutional frameworks, driving the remarkable transformation we see today in the sector,” Lokpobiri said.
The commission’s Chief Executive highlighted the significant strides made by the Commission since its establishment in 2021, noting that Nigeria’s rig count has doubled to 32 under the Commission’s oversight.
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