Nigeria’s oil production has recorded a major recovery, hitting a peak of 1.84 million barrels per day (bpd), according to the Nigerian National Petroleum Company Limited (NNPC). The development marks a significant turnaround from the country’s output low of about 960,000 bpd in 2022.
Speaking at a parliamentary roundtable in Abuja, NNPC Group Chief Executive Officer, Bashir Bayo Ojulari. Attributed the growth to improved pipeline security across the Niger Delta. He explained that the introduction of an integrated energy security system has helped reduce oil theft, pipeline vandalism. And operational disruptions—long-standing issues that previously crippled production.
Nigeria’s average production has now climbed to about 1.71 million bpd, with recent gains signaling renewed stability in the sector. The rebound reflects ongoing efforts by the government and industry stakeholders to restore confidence in the oil and gas industry, which remains the backbone of the nation’s economy.
NNPC Gains Signal Recovery, But Challenges Remain
The improved output is seen as a positive step toward Nigeria’s broader production targets. Also including ambitions to reach 2 million bpd in the near term and 3 million bpd by 2030. However, experts warn that sustaining this growth will require continued investment in infrastructure, security, and regulatory reforms.
Oil theft and pipeline vandalism have historically cost Nigeria billions in lost revenue, making security improvements critical to long-term stability.
While the current figures highlight progress, analysts note that maintaining consistent production levels will depend on keeping pipelines secure, attracting foreign investment, and addressing operational inefficiencies.
For now, the rise to 1.84 million bpd offers a strong signal that Nigeria’s oil sector is gradually recovering—driven by improved security and renewed strategic focus.
