The Nigerian National Petroleum Company Limited has announced a rise in Nigeria’s crude oil production to 1.71 million barrels per day (bpd), marking the highest level recorded in five years.
The figure was disclosed in a performance report covering April 2025 to April 2026, presented by the company’s Group Chief Executive Officer, Bayo Ojulari. The report highlights a steady recovery in output following a sharp decline in 2022, when production dropped to below one million bpd due to widespread oil theft and pipeline vandalism.
According to the NNPC, the increase is largely driven by improved security measures under an integrated framework involving multiple agencies. The company noted that crude oil deliveries to export terminals have significantly improved, nearing full operational capacity compared to previous disruptions.
Production also recorded short-term gains, peaking at about 1.84 million bpd earlier in April after key infrastructure issues were resolved. In addition, NNPC’s upstream subsidiary achieved a separate production milestone in late 2025, contributing to the overall growth.
Beyond crude output, the report outlines efforts to expand gas production and strengthen domestic refining. The NNPC said it is working toward increasing gas supply as part of national energy plans, while continuing to supply crude oil to the Dangote Refinery under existing arrangements aimed at supporting local fuel production.
The company also pointed to steps taken to improve transparency, including the resumption of regular performance reporting and engagement with stakeholders. Financial data in the report showed increased remittances to the Federation Account, reflecting improved revenue flows.
Despite the gains, production remains below the federal government’s target of just over two million barrels per day needed to support budget projections. Analysts say sustaining current output levels will be critical to maintaining economic stability.
The NNPC expressed optimism that ongoing reforms and improved security conditions will support further growth in the sector.