Nigeria’s Oil Production Climbs to 1.53 Million bpd, Highest Level Since July 2025
Nigeria’s oil production rose to an average of 1.53 million barrels per day (bpd) in May 2026, marking its highest output level since July 2025 and signaling renewed momentum for the country’s energy sector. According to the latest Monthly Oil Market Report released by the Organization of the Petroleum Exporting Countries (OPEC), crude oil production increased from 1.489 million bpd recorded in April, representing a month-on-month rise of 41,000 bpd.
The latest figures are particularly significant as they place Nigeria above its OPEC production quota for the first time in nearly a year. The increase comes at a time when overall crude oil production among OPEC’s Declaration of Cooperation (DoC) members declined, further strengthening Nigeria’s position as Africa’s leading oil producer. Industry observers say the improved output could provide a much-needed boost to government revenues and foreign exchange earnings.
Data from OPEC shows that Nigeria’s crude oil production grew by approximately 2.8% in May, outperforming several African oil-producing nations. The country maintained a comfortable lead over Libya, which produced 1.30 million bpd, while Algeria recorded 982,000 bpd, Congo 283,000 bpd, and Gabon 210,000 bpd. The figures were compiled using secondary energy intelligence sources and data submitted directly by member countries.
Nigeria’s recent production recovery follows years of challenges that hindered its ability to meet OPEC targets. Crude oil theft, pipeline vandalism, underinvestment, and operational disruptions have significantly impacted output levels in the past. However, increased security measures around critical oil infrastructure and renewed investment in upstream operations appear to be yielding positive results. The last time Nigeria exceeded its OPEC quota was in July 2025, when production reached 1.507 million bpd.
The sustained rise in crude oil production could have wider implications for Nigeria’s economy. Higher output levels may strengthen external reserves, improve fiscal stability, and support government spending plans. While the Federal Government has set an ambitious oil production benchmark of 2.6 million bpd for 2026, it is using a more conservative estimate of 1.8 million bpd for budget planning. As production continues to recover, stakeholders will be watching closely to see whether Nigeria can maintain this momentum and close the gap toward its long-term production targets.
source: nairametrics