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Nigeria misses OPEC oil production quota again
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Nigeria misses OPEC oil production quota again
Nigeria has once again failed to meet its OPEC oil production quota, averaging 1.49 million barrels per day in April. This shortfall is attributed to issues like crude theft, vandalism, and underinvestment in the sector.
BF
The Briefing Africa
May 12, 2026 · 23:17 · 5 min read
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Nigeria has once again failed to meet its OPEC oil production quota, averaging 1.49 million barrels per day in April. This shortfall is attributed to issues like crude theft, vandalism, and underinvestment in the sector.
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The continuous failure to meet production targets raises concerns about Nigeria's oil sector stability and its economic implications. Addressing the underlying issues of theft and vandalism is crucial for improving production levels.