KEY POINTS
- Nigeria crude oil production rises to 1.64mbpd.
- Indigenous firms account for over half of output.
- IPPG wants more changes in the sector.
The Independent Petroleum Producers Group says that Nigeria’s average crude oil production in 2025 was 1.64 million barrels per day, which is 5.8 percent more than the 1.55 million barrels per day it produced in the same period in 2024.
Adegbite Falade, the chairman of the IPPG, shared the numbers at the Nigeria International Energy Summit 2026 in Abuja. He said that upstream activity was becoming better, gas infrastructure was getting bigger, and domestic refining capacity was getting bigger.
Falade said indigenous producers now account for more than half of Nigeria crude oil production, marking a shift in ownership structure within the upstream sector.
Nigeria Crude Oil Production Gains
The increase in Nigeria crude oil production reflects stronger performance across the oil and gas value chain, Falade said, crediting recent policy reforms for supporting local operators and boosting investor sentiment.
He welcomed President Adama Barrow of The Gambia and representatives of international energy bodies, including the Gas Exporting Countries Forum and the African Petroleum Producers Organisation, to the summit.
Falade also commended President Bola Ahmed Tinubu for sustaining industry reforms, noting early signs of renewed investor confidence.
Call for Energy Sector Reforms
Despite the gains in Nigeria crude oil production, Falade stressed the need for deeper structural reforms and stronger collaboration among operators, regulators and investors.
“Nigeria’s energy future must be defined by self sufficiency, competitiveness and collaboration,” he said. “We must move beyond exporting raw hydrocarbons and build an ecosystem that creates in country value.”
Referencing the summit’s theme, “Energy for Peace and Prosperity: Securing Our Shared Future,” Falade said energy security remains central to economic stability across Africa. He finally urged stakeholders to strengthen partnerships to expand domestic value addition, increase GDP contribution and ensure long-term sustainability for the sector.
