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Nigeria Achieves OPEC Quota, Signaling Resurgent Oil Production

Nigeria has successfully met its output quota set by the Organization of the Petroleum Exporting

Countries (OPEC), achieving a daily crude oil production of 1.505 million barrels per day (bpd) in

June 2025. This achievement, confirmed by OPEC’s latest Monthly Oil Market Report released on Tuesday, marks the second time Nigeria has hit its 2025 target, following an earlier success in January.

The June figures represent a notable resurgence for the West African nation, which has grappled with consistent production shortfalls throughout the preceding year. According to the OPEC report, Nigeria’s average daily crude oil production for June saw a 3.58 percent increase from the 1.453 million bpd recorded in May, marking its highest monthly output since January.

 OPEC, in its report, highlighted that “the data was obtained directly from Nigerian authorities,” underscoring the transparency and direct communication in reporting these figures.

This accomplishment comes after OPEC initially set Nigeria’s production quota at 1.5 million bpd during its November 2023 ministerial meeting, a target that was subsequently extended through 2026.

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However, the consistent underperformance in 2024 had raised concerns, making this recent attainment particularly noteworthy for both Nigeria and the broader oil market.

Beyond direct communication, OPEC also incorporates data from secondary sources, such as energy intelligence platforms. These estimates provided a slightly higher figure for Nigeria’s June output, placing it at 1.547 million bpd, an increase of 1.24 percent from 1.528 million bpd in May.

“With the current production level,” the global oil organization noted, Nigeria “maintained its position as Africa’s leading oil producer,” surpassing Algeria, which reported an output of 927,000 bpd.

While meeting the OPEC quota is a significant step, Nigeria’s journey towards maximizing its oil potential continues. The nation’s internal target, as stipulated in its 2025 budget, stands at a more ambitious 2.06 million bpd. Furthermore, the Nigerian National Petroleum Company Limited

(NNPCL) has reportedly outlined plans to increase the country’s crude oil production quota from 1.5 million bpd to 2 million bpd by 2027, signaling a strategic drive for sustained growth in the coming years. The improved production in June 2025 positions Nigeria favorably as it works towards these higher domestic and strategic objectives.

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