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In January 2026, Nigeria’s crude oil production climbed to 1.459 million barrels per day, solidifying its position as Africa’s top oil producer even though its output has been consistently below its quota.
It was reported that the numbers, which showed a minor month-over-month recovery in Nigeria’s output levels, were included in OPEC’s most recent Monthly Oil Market Report, which was released on Wednesday.
However, given the structural and operational issues facing the oil industry, the report emphasized the nation’s ongoing inability to reliably fulfill its allotted output ceiling.
The research claims that Nigeria’s crude production increased by almost 37,000 barrels per day, from 1.422 million barrels per day in December 2025 to 1.459 million barrels per day in January 2026.
Direct communication between Nigerian authorities and OPEC resulted in the compilation of the numbers.
Nigeria’s production was below its limit for the sixth consecutive month, falling about 50,000 barrels per day short of its 1.5 million barrels per day target despite the improvement.
According to a breakdown of the report, production in January was 1.459 million barrels per day, whereas in December it was 1.422 million barrels per day.
Due to small variations in the measuring techniques used in OPEC reporting, Nigeria’s output was slightly higher at 1.47 million barrels per day according to OPEC’s secondary sources, which included independent analysts and market trackers.
Nigeria continued to lead Africa in oil production with the most recent data, surpassing Libya, which produced 1.37 million barrels per day over the same time period.
According to Daily Trust, industry analysts stated that considering Nigeria’s reliance on oil exports to finance its budget and sustain the naira, the slight increase gives cautious optimism for government income and foreign exchange gains.
Analysts cautioned that further upstream investments, more extensive reforms, and improved sector-wide operational efficiency would be necessary for steady adherence to OPEC production targets.
Closing the output gap is still crucial in the coming months, they said, especially as Nigeria looks to stabilize its economy and increase fiscal earnings.
Nigeria has set a lofty goal to expand its crude oil production to two million barrels per day by 2026, and 2.5 million barrels per day by 2027.
Nevertheless, reaching the goal will require more infrastructure to support upstream operations, consistent investment, and improved security in oil-producing areas.
