Country maintains top spot in Africa with 1.4 million barrels per day as NNPC targets 2 million by 2027…
Nigeria’s crude oil production rose slightly in October 2025 but still fell short of its Organization of Petroleum Exporting Countries (OPEC) quota, according to the cartel’s latest Monthly Oil Market Report released on Tuesday.
OPEC data showed that Nigeria pumped 1.4 million barrels per day (bpd) in October , a 0.72 per cent increase from the 1.39 million bpd recorded in September. Despite the uptick, the figure remains below the country’s assigned production quota of 1.5 million bpd.
The report indicated that Nigeria has now missed its OPEC production target for three consecutive months, with earlier outputs standing at 1.43 million bpd in August and 1.39 million bpd in September.
OPEC said its October figures were obtained through direct communication with Nigerian authorities, adding that it also tracks production using secondary sources, such as independent energy intelligence agencies.
According to those secondary sources, Nigeria’s crude production was slightly higher estimated at 1.506 million bpd, a 1.01 per cent rise from 1.491 million bpd in September.
“Total Declaration of Cooperation (DoC) crude oil production averaged 43.02 million barrels per day in October 2025, representing a 73,000 bpd decrease month-on-month,” OPEC stated.
Despite falling short of its target, Nigeria retained its position as Africa’s largest oil producer, ahead of Libya, which produced 1.35 million bpd during the same period.
Nigeria Eyes Production Boost
The Nigerian National Petroleum Company (NNPC) Limited recently reaffirmed its plan to raise national crude production to two million barrels per day by 2027 and three million bpd by 2030, as part of broader efforts to revitalise the oil and gas sector.
In a related development, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced that the 2025 oil block licensing round would begin on December 1, a move expected to attract new investments and boost daily output by up to one million barrels.
NUPRC Chief Executive Officer Gbenga Komolafe, speaking at a recent stakeholder engagement in London, said the upcoming bid round was designed to “unlock untapped reserves” and strengthen Nigeria’s contribution to the global energy supply chain.
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