Nigeria don dey struggle to meet oil production target. According to Nigerian Upstream Petroleum Regulatory Commission (NUPRC), for January, Nigeria produce 1,627,461 barrels per day (bpd). Dat one mean shortfall of 212,539 bpd.
For February, production drop to 1,483,954 bpd, deficit of 356,046 bpd. For March, output rise small to 1,546,093 bpd, shortfall still dey at 293,907 bpd. April see production of 1,663,413 bpd, with shortfall of 176,587 bpd.
NUPRC monthly report wey dem release yesterday show say for May, production stand at 140,000 bpd. At time wey country dey borrow and spend heavily to secure oil infrastructure, we record production shortfall of 140,000 bpd.
Among production streams, Bonny Terminal lead with total blend of 293,870 bpd. Forcados Terminal follow close with 289,900 bpd. Qua Iboe rank third with 173,360 bpd. Escravos Oil Terminal contribute 135,470 bpd. Odudu (Amenam Blend) complete top five with 63,250 bpd for month under review.
NUPRC attribute rise in production to sustained positive momentum as operations remain stable throughout reporting period with no significant pipeline or facility outages recorded. Additionally, all previously scheduled turnaround maintenance activities don finish successfully, contributing to improved operational reliability and production efficiency.
Meanwhile, Organisation of Petroleum Exporting Countries (OPEC), while retaining major market outlook, say Nigeria economic outlook don continue to improve, supported by stronger macroeconomic stability, robust oil production, recovering private consumption, and firmer business activity. Report note say growth for non-oil sector largely driven by agriculture, manufacturing, construction, information and communication, trade, as well as finance and insurance, wey collectively account for bulk of expansion.
February mark strongest improvement in private-sector activity since August 2025. OPEC attribute positive outlook to ongoing structural reforms, increased infrastructure investment, improved trade conditions and stronger external buffers. Higher oil prices and growing domestic refining capacity also cited as key factors supporting economy, contributing to stronger external position.
Organisation express optimism say trend go continue for near term, supported by relatively contained inflation, exchange-rate stability and sustained reform momentum. However, concerns persist about oil production challenges, wey fit weigh on revenue performance if dem no address am.
