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Nigeria Records Strongest Oil Production Levels of 2026

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This is the ‘Renewed Hope’ we’ve been waiting for. Reaching 99% of our OPEC quota is no small feat. If we can sustain this, the CBN will finally have the ‘bullet’ to floor the dollar and stabilize the naira once and for all.

NUPRC is celebrating 1.66mbpd, but the 2026 Budget was built on 1.84mbpd. We are still in a deficit of nearly 200,000 barrels. We aren’t out of the woods yet; the government still needs to borrow to fund that budget.

The crude-for-naira initiative is a masterstroke. It has decoupled our domestic fuel security from global shocks. Seeing Dangote Refinery export while we have zero queues at home is a new dawn for Nigeria.

Nigeria hitting its stride is good for the whole of West Africa. With the Dangote Refinery acting as a hub, this production surge makes us the energy bank of the continent. This is how we lead—through capacity, not just talk.

1.66mbpd and I’m still buying fuel at over ₦1,000 per litre? Let’s be honest, these numbers only look good on paper and in NUPRC slide decks. Until the ‘surge’ translates to a lower cost of living, it’s just grammar.

Increased production often means increased gas flaring. NUPRC needs to tell us the ‘carbon cost’ of this 1.66mbpd. We cannot fix the economy by breaking the planet; sustainability must be part of the report.

I’m looking at the Cawthorne crude stream data. It’s cool to see new tech and new streams coming online. Nigeria needs to stop being a 'dinosaur' oil state and use these revenues to fund the digital economy before oil becomes irrelevant.

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