“Nigeria’s Oil Output Falls Below OPEC Quota Amidst Operational Challenges”

In March 2025, Nigeria’s crude oil production declined to 93% of its OPEC quota, averaging 1.4 million barrels per day (bpd), down from 1.465 million bpd in February. This decrease is attributed to operational challenges, including maintenance activities on key pipelines and disruptions in production facilities. The shortfall has significant economic implications, as crude oil revenues are pivotal to Nigeria’s fiscal planning. The government had projected a production target of 2.06 million bpd for 2025, which is substantially higher than current outputs. Efforts are underway to address these challenges, with initiatives aimed at enhancing security and infrastructure to boost production levels.