Nigeria’s Oil Output Drops 8.3% To 1.544 Million BPD - Politics

Nigeria’s Oil Output Drops 8.3% To 1.544 Million BPD - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › Nigeria’s Oil Output Drops 8.3% To 1.544 Million BPD (2460 Views)

Nigeria’s Oil Output Drops 8.3% To 1.544 Million BPD by treesun(op): 6:04pm On Jan 15

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the oil and gas industry regulator, said Nigeria’s oil output, including condensate, dropped by 8.3 percent year-on-year (YoY) to 1.544 million bpd in December 2025 from 1.684 million recorded in the corresponding period of 2024.

The Commission did not provide reasons in its report released yesterday, but there were indications that it might be fueled mainly by limited investment and production.

However, on a month-on-month (MoM) basis, the Commission said the nation’s oil output, including condensate, dropped marginally to 1.544 million bpd in December 2025 from 1.599 million bpd in November 2025.

This showed that Nigeria did not meet its 1.5 million bpd quota of the Organisation of Petroleum Exporting Countries (OPEC), as the regulator said of the 1.544 million bpd output, 122,385 bpd were condensate, which OPEC does not recognize during the period.

It also showed that the federal government did not meet its 2.06 million bpd budget 2025 target during the period. The budget was also based on $75 per barrel and an exchange rate of approximately N1,500/$1 during the period.

The report stated: “Lowest and peak combined crude oil and condensate were 1.52 million bopd and 1.82 million bopd, respectively. The average crude oil production represents 95% of OPEC quota (1.5 mbpd).

“Daily average production was 1,544,345 barrels per day, comprising both crude oil (1,421,960 bopd) and condensate (122,385 bopd).”

Similarly, in its January 2026 Monthly Oil Market Report (MOMR), released yesterday, OPEC, which ensures the stabilization of oil markets, disclosed that on a month-on-month (MoM) basis, Nigeria’s oil output, excluding condensate, dropped marginally to 1.422 million bpd in December 2025 from 1.436 million bpd in November 2025, indicating a decrease of 0.9 percent.

According to OPEC, the figures for December 2025 were based on data obtained from direct communication, indicating that Nigeria did not meet OPEC’s 1.5 million bpd quota.

However, on a year-on-year (YoY) basis, the Organisation said the nation’s oil output dropped to 1.422 million bpd in December 2025 from 1.485 million bpd in November 2025, based on data obtained from direct communication.

Nigeria’s oil, gas post gains, miss targets in 2025

Reacting in a recent interview with Vanguard yesterday, Wumi Iledare, Professor Emeritus of Petroleum Economics and Executive Director, Emmanuel Egbogah Foundation, said: “The reasons are familiar: insecurity, a mature basin with no major new discoveries, and the failure to offer fresh hydrocarbon blocks for bidding. Governance gaps remain overwhelming, and policy uncertainty continues to weaken investor confidence.

“The selective implementation of the PIA must stop. Nigeria urgently needs a clearly designated leader with institutional authority to drive the sector. Too many proxy drivers will not work. I cannot recall the last time Nigeria met its OPEC quota.”

https://www.vanguardngr.com/2026/01/nigerias-oil-output-drops-8-3-to-1-544m-bpd/

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Re: Nigeria’s Oil Output Drops 8.3% To 1.544 Million BPD by festacman(m): 8:28pm On Jan 15*

For years, we have talked about diversification of the economy. But here we are still largely an oil-dependent economy.

From President Obasanjo, through Yar'adua, Jonathan, to Buhari and now Tinubu, we have had many developmental economists as ministers and advisers all to no avail.

Something is wrong with our political appointees and policymakers. They seem to hate brainstorming out of our problems with great ideas. Our leaders hate taking risks. They lack political will except to loot public money and rig elections. So sad.

We desperately need a President with a VISION and ROADMAP.

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Re: Nigeria’s Oil Output Drops 8.3% To 1.544 Million BPD by AMINDA: 8:30pm On Jan 15

Where is Seunmsg? Yet another Tinubu achievement. How much did they peg it at in the 2026 budget? You cannot run a country solely based on propaganda.

3 Likes

Re: Nigeria’s Oil Output Drops 8.3% To 1.544 Million BPD by Emeskhalifa(m): 8:31pm On Jan 15

Diverse ke?

When all attention is focused on oil? Till no pint of oil drop, Nigeria won't diversify

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Re: Nigeria’s Oil Output Drops 8.3% To 1.544 Million BPD by iwaeda: 8:31pm On Jan 15

How will Nigeria generate more revenues, when we can't meet OPEC quota. They will still tell you, they have met their revenue target. grin

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Re: Nigeria’s Oil Output Drops 8.3% To 1.544 Million BPD by givedemwotowoto: 8:33pm On Jan 15

I have already explained all this crude production shortfall

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Re: Nigeria’s Oil Output Drops 8.3% To 1.544 Million BPD by SpaceX: 8:34pm On Jan 15

Anything tinubu touches turns bad, what can we do about this?

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Re: Nigeria’s Oil Output Drops 8.3% To 1.544 Million BPD by SpaceX: 8:35pm On Jan 15

givedemwotowoto:
I have already explained all this crude production shortfall

tinubu is incompetent to get anything right

1 Like

Re: Nigeria’s Oil Output Drops 8.3% To 1.544 Million BPD by TheStoriesOfMan: 8:37pm On Jan 15

AMINDA:
Where is Seunmsg? Yet another Tinubu achievement. How much did they peg it at in the 2026 budget? You cannot run a country solely based on propaganda.

Leave that laptop boy hustling for his 25k(FG don collect 5k as tax)

Na God go judge them one by one. They can't even buy nice perfume with their 2k propaganda allowance.

3 Likes

Re: Nigeria’s Oil Output Drops 8.3% To 1.544 Million BPD by Trendtips(f): 8:53pm On Jan 15

TheStoriesOfMan:
Leave that laptop boy hustling for his 25k(FG don collect 5k as tax)

Na God go judge them one by one. They can't even buy nice perfume with their 2k propaganda allowance.

He may not even know what to say as this knowledge is beyond him when it’s not banter and tribal war

1 Like

Re: Nigeria’s Oil Output Drops 8.3% To 1.544 Million BPD by lapintoz: 10:12pm On Jan 15

I can bet my life na this Jelly Rufai spokesperson go FTC. You no dey disappoint.

I beg tell us the volume of production in the last 3 years of Buhari and your oga Hell Rufai's government and what it has been under PBAT una won remove by fire by force?

We go soon know who dey halla propaganda. Lagos Calabr Coastal Road is working.....Nigerians are using it.....not Niger Republic people....

AMINDA:
Where is Seunmsg? Yet another Tinubu achievement. How much did they peg it at in the 2026 budget? You cannot run a country solely based on propaganda.

Re: Nigeria’s Oil Output Drops 8.3% To 1.544 Million BPD by lapintoz: 10:16pm On Jan 15

Damn! Na all the usual bad news hunter dey here self.....I see say una dey starve for bad news and had to converge on this one wey don done.

When 2027 come disappoint una, I hope una go relocate go Ghana and leave NL for normal people........

Haba!

Ask yourself, what is Nigeria's crude production in the last 3 years of Buhari and the last 3 years of PBAT's government.

Selective amnesia sets in.

1 Like

Re: Nigeria’s Oil Output Drops 8.3% To 1.544 Million BPD by Vision101(m): 12:54am On Jan 16

AMINDA:
Where is Seunmsg? Yet another Tinubu achievement. How much did they peg it at in the 2026 budget? You cannot run a country solely based on propaganda.

Do you believe these figures? They are not propaganda because they are looking south. If they look north then it's fake and propaganda. I understand how your conscience work.

1 Like

Re: Nigeria’s Oil Output Drops 8.3% To 1.544 Million BPD by betabread: 2:07am On Jan 16

festacman:
For years, we have talked about diversification of the economy. But here we are still largely an oil-dependent economy.

From President Obasanjo, through Yar'adua, Jonathan, to Buhari and now Tinubu, we have had many developmental economists as ministers and advisers all to no avail.

Something is wrong with our political appointees and policymakers. They seem to hate brainstorming out of our problems with great ideas. Our leaders hate taking risks. They lack political will except to loot public money and rig elections. So sad.

We desperately need a President with a VISION and ROADMAP.

Once we agree success has a tribe, race or color then we can start talking as a nation.....

Personally, its not a problem of the president cos the president is just one person in the office of the presidency...... You can ask Goodluck or aguiyi ironsi or even okonjo iweala

We all first need to find a way to agreement

Re: Nigeria’s Oil Output Drops 8.3% To 1.544 Million BPD by yemmywesey(m): 3:06pm On Jan 16

They should stop posting nonsense about the output of oil either high or low.
How much does Nigeria earn on international crude oil market and how much is being deposited into Nigerian oil income account monthly in dollars.
Just yesterday, usa sold Venezuela crude oil and they earned 500 million dollars.
NNPc should publish the revenue they generate from crude oil sales on a monthly basis.

1 Reply

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