Nigeria’s Oil Output Surges 40.5% to 1.84mbpd, Government Targets 2mbpd Benchmark

Nigeria’s crude oil production has recorded a significant boost, rising by 40.5 per cent to 1.84 million barrels per day (bpd), a sharp recovery from the 1.31 million bpd reported in February 2026.

The latest figures were disclosed on April 2, 2026, during a meeting between the Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan, and the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, at the Federal Ministry of Finance headquarters in Abuja.

The rebound marks a steady turnaround in Nigeria’s oil sector, which had earlier posted 1.459 million bpd in January before experiencing a notable dip in February.

Speaking during the visit, Eyesan described the current production level as a major milestone, expressing confidence that output would continue to rise in the coming months.

“We are currently producing 1.84 million barrels per day. This is a remarkable achievement, but we are optimistic that we can do even more,” she stated.

In his remarks, Edun praised the regulatory commission for the improved performance, noting that the development aligns with the economic agenda of President Bola Tinubu.

“It is encouraging to hear that production has reached 1.84 million barrels per day.

This is fantastic news and reflects the administration’s commitment to revitalising the oil sector,” Edun said.

He, however, urged the commission to maintain the upward trajectory and work towards achieving a production target of 2 million barrels per day.

“What matters is not just reaching these levels but sustaining them. We must avoid any setbacks. The goal remains clear — to hit and maintain the 2mbpd mark,” he added.

Both the government and the regulator expressed optimism that with sustained efforts, Nigeria’s oil production will continue on a path of growth and stability.