Nigeria’s crude oil output rose to 1.84 million barrels per day in April 2026.
This marks a 40.5 % increase from February’s 1.31 million barrels per day.
On April 2, 2026, officials shared this update during a meeting in Abuja.
Oritsemeyiwa Eyesan met Wale Edun at the Finance Ministry headquarters.
Nigeria Oil Production Rebound
The figure shows a strong recovery after a volatile start to the year.
Production reached 1.459 million barrels per day in January before it dropped sharply.
Operational issues and maintenance at key facilities caused the February decline.
Eyesan said the resolved issues have improved output levels significantly.
Looking ahead, she expects production to keep rising beyond the current level.
Edun welcomed the progress and praised efforts aligned with President Bola Tinubu’s mandate.
Economic Impact
He urged the Commission to sustain momentum and reach 2 million barrels daily.
He stressed that maintaining progress matters more than short-term production gains.
Oil exports remain vital and account for about half of total earnings.
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In 2025, Nigeria earned about $31.54 billion from crude oil exports.
Higher production could boost revenue, support budgets, and ease public debt pressure.
Global oil prices remain above $100 per barrel.
Ongoing Challenges
Fiscal pressures continue to grow as government spending needs increase.
The government recently proposed a higher 2026 budget, raising funding and deficit concerns.
Nigeria still falls short of its production targets this year.
Between January and February, the country recorded a shortfall of about 16.6 million barrels.
Although the government targets 2.6 million barrels daily, it uses 1.8 million for planning.
Nigeria must sustain growth to improve its economic outlook.
