Nigeria’s crude oil production increased in February, 2025 with the country producing approximately 70,000 barrels per day above its Organization of the Petroleum Exporting Countries quota, according to a Reuters survey.
OPEC’s oil output increased last month, driven by resilient Iranian exports despite renewed U.S. restrictions and Nigeria’s production exceeding its 1.5 million bpd target within the OPEC+ group.
Nigeria’s rising oil production has bolstered revenues and strengthened its position in the global energy market, creating opportunities for investment in public services, industrialization, and economic diversification.