Seven months into the implementation of the 2025 budget, Nigerias oil production has fallen short by 82.46 million barrels, representing an 18.88 percent deficit against the Federal Governments target of 2.1 million barrels per day bpd.
Latest data from the Nigerian Upstream Petroleum Regulatory Commission NUPRC showed that between January and July 2025, the country produced 354.26 million barrels of oil compared to the budget benchmark of 436.72 million barrels for the same period.