Nigeria’s oil sector sees boost with 100% pipeline availability in June

Nigeria’s crude oil production has finally surpassed the 1.5 million barrels per day (mb/d) threshold, meeting the country’s required quota set by the Organization of the Petroleum Exporting Countries (OPEC) for the first time in years.

According to OPEC’s June 2025 Monthly Oil Market Report (MOMR), Nigeria’s oil output rose to 1.505mb/d in June, up from 1.453mb/d recorded in May.

The milestone marks a significant improvement for Africa’s largest oil producer, whose production had remained below target for several years.

Despite this progress, the country’s current output still falls short of the 2.06mb/d target projected in the 2025 national budget.

Historically, production hovered around 1.1mb/d in 2023 and climbed to 1.3mb/d in 2024, reaching 1.4mb/d at the start of 2025 before this recent boost.

Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Bayo Ojulari, credited the improvement to sustained efforts in boosting output and securing critical oil infrastructure.

Read Also:

Top 10 most valuable brands in Nigeria 2025

He revealed that Nigeria had achieved 100 percent crude oil pipeline availability in June, a rare feat attributed to intensified industry-wide security operations led by NNPC.

“We have started growing. In March, we were producing about 1.56 million barrels per day, and we’re now at 1.63 million, including condensates.

By the end of the year, we are hoping to clock 1.9 million barrels daily,” Ojulari said.

He further noted that the federal government’s commitment to consistently meeting cash-call obligations to Joint Venture operations has restored investor confidence and improved operational capacity.

While the achievement is a step in the right direction, Ojulari emphasized the need for increased investments to sustain production growth and reach the 2.06mb/d medium-term goal by 2027.