Nigeria sustained crude oil production at 1.5 million barrels per day in July 2025, maintaining the Organisation of the Petroleum Exporting Countries’ (OPEC) quota for the second consecutive month, according to the organisation’s August Monthly Oil Market Report (MOMR).
Data from OPEC showed that Nigeria’s average daily production stood at 1.507 million barrels per day in July, slightly above the 1.505 million barrels per day recorded in June. This followed months of fluctuating output earlier in the year.
Production had dropped to 1.46 million barrels per day in February, 1.40 million barrels per day in March, 1.48 million barrels per day in April, and 1.45 million barrels per day in May. Before then, Nigeria had achieved its highest production level of the year in January, with 1.54 million barrels per day.
OPEC sets production caps for member countries as part of efforts to balance global supply and stabilize prices. Nigeria, which relies on crude oil for over 60 percent of its foreign earnings, has in recent months stepped up measures to meet its assigned quota.
Industry reports indicate that the country has been reactivating dormant oil fields, accelerating regulatory approvals, and improving operational efficiencies in the upstream sector to sustain output levels.
The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mr. Bashir Bayo Ojulari, said the recent consistency in production could position Nigeria to request a higher output benchmark from OPEC.
Oil revenues remain a central part of Nigeria’s fiscal framework, with higher production levels expected to ease pressure on foreign reserves and reduce reliance on borrowing to implement the N54 trillion 2025 national budget.