₦airaland Forum

Further review shows that production in June 2025 stood at 1.50 million barrels daily; May, 1.45 million daily; April, 1.48 million daily; and March, 1.40 million daily.

ASaharaReporters review of the monthly crude oil production data released by the Organisation of Petroleum Exporting Countries (OPEC) has shown that Nigeria recorded its lowest crude oil production in ten months in September 2025.

According to OPEC, Nigeria's crude oil production stood at 1.39 million barrels per day in September 2025, down from 1.43 million barrels recorded in August and 1.50 million in July 2025.


Further review shows that production in June 2025 stood at 1.50 million barrels daily; May, 1.45 million daily; April, 1.48 million daily; and March, 1.40 million daily.

Other figures include February 2025 with a daily average of 1.46 million barrels, January 2025 with 1.53 million barrels daily, and December 2024 with 1.48 million barrels daily.

Of the ten months reviewed, Nigeria failed to meet OPEC’s quota of 1.5 million barrels per day on seven occasions.


Crude oil production has continued to be hampered by several factors, including widespread sabotage, pipeline vandalism, and poor management of the country's oil sector.

These challenges have led to Nigeria consistently falling short of its production quotas despite having the capacity to produce more.

Industry experts have called on the government to intensify efforts to address these issues, warning that continued shortfalls in crude oil production could affect the country’s revenue generation and economic growth.

Nigeria has also been unable to meet local refinery demand for crude oil, SaharaReporters earlier reported.

This comes as the Federal Government disclosed that a total of 67,657,559 barrels of crude oil were supplied to local refiners for processing between January and August 2025.

This figure, confirmed by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), highlights ongoing challenges in bridging the crude allocation gap facing indigenous refineries despite Nigeria’s rising production levels.

Speaking in Abuja, the Head of Media and Strategic Communications at the NUPRC, Eniola Akinkuotu, said the crude allocation was made in line with the Petroleum Industry Act 2021 and the Domestic Crude Supply Obligation policy.

"A total of 67,657,559 barrels were delivered to local refiners between January and August this year. All refiners got that amount within the eight-month period,” Akinkuotu stated.

In a document seen by SaharaReporters and published by the NUPRC, an estimated total of 123.4 million barrels was projected to be required by local refineries between January and June. The daily requirement was put at 770,500 barrels, while the monthly need was forecast at 23.8 million barrels.



With 67.7 million barrels of crude oil made available to domestic refineries between January and August, it means that over 55.8 million barrels needed for local consumption (using January to June NUPRC domestic needs estimates) were not supplied.



This indicates that the Nigerian government could not provide at least 45% of the crude oil required locally.



Previously, SaharaReporters reported that Nigeria’s foreign trade statistics for the first and second quarters of 2025 showed that the country imported fuel worth N4.13 trillion between January and June 2025.

treesun:
https://saharareporters.com/2025/10/14/nigerias-september-crude-oil-production-lowest-ten-months

treesun:
https://saharareporters.com/2025/10/14/nigerias-september-crude-oil-production-lowest-ten-months

malali:
This is precisely why I keep arguing that Nigeria’s “rebased” GDP figures are artificially inflated.

Where exactly is the growth in that GDP supposed to be coming from?

They claim it’s from non-oil revenues, especially remittances, but let’s be honest. How much are Nigerians abroad really remitting these days? Many of them are grappling with their own financial constraints: higher rents, rising mortgage rates, inflation, and employment instability in their host countries.

If we strip away the statistical cosmetics, the picture of the real economy becomes painfully clear, stagnant productivity, low industrial output, and declining purchasing power.

President Tinubu’s administration must be transparent about the true state of Nigeria’s economy. Otherwise, we risk repeating Buhari’s scenario , where artificial exchange-rate stability gave way to a sharp currency devaluation at the end of the tenure.

It’s better to align our economic indicators with reality now, rather than face another forced correction later.

malali:
This is precisely why I keep arguing that Nigeria’s “rebased” GDP figures are artificially inflated.

Where exactly is the growth in that GDP supposed to be coming from?

They claim it’s from non-oil revenues, especially remittances, but let’s be honest. How much are Nigerians abroad really remitting these days? Many of them are grappling with their own financial constraints: higher rents, rising mortgage rates, inflation, and employment instability in their host countries.

If we strip away the statistical cosmetics, the picture of the real economy becomes painfully clear, stagnant productivity, low industrial output, and declining purchasing power.

President Tinubu’s administration must be transparent about the true state of Nigeria’s economy. Otherwise, we risk repeating Buhari’s scenario , where artificial exchange-rate stability gave way to a sharp currency devaluation at the end of the tenure.

It’s better to align our economic indicators with reality now, rather than face another forced correction later.

Reference:
This is exactly what we are saying.
Nigeria should be spending the largest chunk of it's revenues whether income or debt on stabilizing and expanding industrial capacity in order to restore jobs, expand the labour market and bring down inflation.

That is the only meaningful way to raise the tax goose, wean the economy of debt and sustainable fund infrastructure and if done with import substitution in mind can chip away at the trade deficit with solid benefits to the exchange rate.

This government needs to watch with a microscope what it SPENDS MONEY ON. There is just too much waste on unproductive administration and far too many unnecessary projects. Government must reform itself.