Nigeria recorded a significant increase in crude oil and condensate production in May 2026, exceeding its production target set by the Organisation of Petroleum Exporting Countries (OPEC). The latest figures released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) show that the country produced an average of 1.70 million barrels per day (bpd) during the month.
According to the NUPRC’s Crude and Condensate Report 2026, the total production figure consisted of 1.53 million barrels per day of crude oil and 170,000 barrels per day of condensate. This performance placed Nigeria above its OPEC production quota of 1.50 million barrels per day, making May the strongest production month of the year so far.
The report revealed that Nigeria’s crude oil output alone reached 1.53 million barrels per day, representing approximately 102 percent of the country’s OPEC allocation. This indicates that the nation not only met its assigned target but also exceeded it, reflecting improved production efficiency and operational stability across the sector.
Production levels fluctuated throughout May, with the lowest combined daily output recorded at 1.51 million barrels per day. On the other hand, the highest daily production level reached 1.86 million barrels per day, highlighting the capacity of Nigeria’s oil industry to sustain stronger output levels when operating under favorable conditions.
The latest data also showed a steady recovery in production after a weaker performance earlier in the year. In January 2026, Nigeria’s total liquids production stood at 1.63 million barrels per day. However, output dropped significantly in February to 1.48 million barrels per day, raising concerns about the pace of recovery in the oil sector.
The situation improved in March when production increased to 1.55 million barrels per day. The upward trend continued in April, with output climbing further to 1.66 million barrels per day. This growth laid the foundation for the stronger performance witnessed in May.
Industry observers believe the steady increase reflects ongoing efforts by the government and industry stakeholders to tackle production challenges, including oil theft, pipeline vandalism, and operational disruptions. Improved security measures and investments in upstream operations have also contributed to stabilizing output levels.
Nigeria’s ability to exceed its OPEC quota is viewed as a positive development for the country’s economy, as higher production can translate into increased export earnings and stronger government revenue. The oil sector remains a major source of foreign exchange and public income, making production growth a key priority for economic planners.
The May figures suggest that Nigeria’s oil industry is gradually regaining momentum after years of production setbacks. If the current trend continues, the country could strengthen its position within the global oil market while boosting revenues needed to support economic growth and development.
With production now moving above target levels, attention will shift toward maintaining consistency and ensuring that gains recorded in May are sustained in the months ahead.
