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Nigeria’s Oil Production Sees Marginal Increase in August Despite Contradicting Government Reports
Nigeria’s Oil Production Sees Marginal Increase in August Despite Contradicting Government Reports....KINDLY READ THE FULL STORY HERE▶
Nigeria’s crude oil production experienced a slight increase from 1.307 million barrels per day (mbpd) in July to 1.352 mbpd in August, according to the latest data from the Organisation of the Petroleum Exporting Countries (OPEC). This update was included in OPEC’s September Monthly Oil Market Report, revealing a rise of 45,000 barrels per day, based on direct communication with the Nigerian government.
However, this figure contrasts with claims by the Nigerian Federal Government, which stated that the country’s daily crude production was approaching 1.6 mbpd.
During a national broadcast on August 4, President Bola Tinubu asserted that Nigeria’s oil production had surged to 1.61 mbpd in July, crediting the increase to reforms introduced in May 2024 aimed at addressing gaps in the Petroleum Industry Act (PIA).
“Our once-declining oil and gas industry is experiencing a resurgence on the back of the reforms I announced in May 2024 to address the gaps in the Petroleum Industry Act. Last month, we increased our oil production to 1.61 million barrels per day, and our gas assets are receiving the attention they deserve,” Tinubu stated.
Gbenga Komolafe, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), echoed similar sentiments during a public hearing on July 26, where he announced that oil production had reached 1.61 mbpd as of July 23.
Conflicting Production Figures Raise Questions
Despite these official claims, OPEC’s data paints a different picture. The organization’s report indicated that Nigeria’s output for July was only 1.307 mbpd, significantly lower than the 1.61 mbpd figure touted by both President Tinubu and the NUPRC. This discrepancy raises questions about the accuracy of the government’s reporting on the nation’s oil output.
The Federal Government had also claimed earlier in May that oil production was nearing 1.7 mbpd. However, OPEC data showed that production during that period dipped to 1.25 mbpd, a decrease of 30,000 barrels per day from April’s 1.28 mbpd.
Nigeria’s Oil Production History: A Mixed Performance
Nigeria has faced ongoing challenges with oil production, frequently experiencing fluctuations. In April, OPEC reported that daily production had marginally improved to 1.28 mbpd, up from 1.23 mbpd in March. However, this growth was overshadowed by earlier losses. Production had dropped from 1.32 mbpd in February to 1.23 mbpd in March, and from 1.427 mbpd in January to 1.322 mbpd.
latest
Borno Bloodbath: 36 ISWAP Terrorists Obliterated In Precision Military Strike.
In a series of coordinated air interdiction missions, the Air Component of Operation Hadin Kai (OPHK) has significantly degraded insurgent capabilities across Borno State.....KINDLY READ THE FULL STORY HERE▶
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Recent Strike at Arina Tai 3: On May 30, 2026, precision airstrikes targeted a terrorist camp in the Southern Tumbuns area, resulting in the elimination of 13 ISWAP/JAS fighters. This mission was executed following intelligence, surveillance, and reconnaissance efforts designed to restrict the movement of extremist groups.
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Wulgo Operation: Earlier, on May 28, Nigerian Air Force platforms successfully engaged a gathering of suspected terrorists in Wulgo, Ngala Local Government Area, killing 16 insurgents.
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Bama Enclave Targeted: On May 26, air assets struck an enclave in the Biramiri area of Bama Local Government Area, neutralizing seven fighters.
Security sources confirmed that these strikes were driven by actionable intelligence regarding confirmed hostile activities. Beyond the total of 36 casualties, these operations have severely disrupted the logistics, manpower, and freedom of operation for terrorist groups within these regions.
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latest
Game Changer: Olawepo-Hashim Secures Accord Party Presidential Nomination.
Dr. Gbenga Olawepo-Hashim has officially secured the Accord Party (AP) presidential ticket following a successful nationwide affirmation primary. Despite running unopposed, the party conducted the exercise to allow members to formally endorse his candidacy, resulting in an impressive 423,902 affirmative votes. Jigawa State led the tally with 198,200 votes, followed by significant support from Kano (124,101), Nasarawa (47,309), Kebbi (46,852), Lagos (4,548), and Kwara (3,348). Party officials hailed the process as a transparent demonstration of widespread confidence in his vision for Nigeria, while supporters view his candidacy as a unifying force capable of bridging regional and religious divides.....KINDLY READ THE FULL STORY HERE▶
The Accord Party has overwhelmingly endorsed Dr. Gbenga Olawepo-Hashim as its presidential flagbearer. In an affirmation process that drew high voter turnout, Olawepo-Hashim received 423,902 total votes across participating states, with Jigawa and Kano states providing the strongest support. Described by the party as a transparent and democratic mandate, this result cements Olawepo-Hashim’s position as a credible, unifying alternative for the upcoming general election. His supporters believe his leadership style is uniquely positioned to foster national reconciliation and cohesion.
Dr. Gbenga Olawepo-Hashim is set to lead the Accord Party into the next presidential election after a massive show of support from members nationwide. The primary, characterized by peace and transparency, saw a total of 423,902 voters cast ballots to affirm his candidacy. Jigawa State emerged as the powerhouse with 198,200 votes, bolstered by strong showings in Kano, Nasarawa, Kebbi, and others. Beyond the numbers, party members are celebrating his emergence as a pivotal moment, framing Olawepo-Hashim as a “bridge-builder” ready to unite Nigerians across all regional and religious lines.
Economy
UNBEARABLE BURDEN: Nigerians Groan As Cooking Gas Hits Unprecedented ₦2,000 Per Kilogram.
Despite a significant shift toward domestic production and a drop in imports, the price of Liquefied Petroleum Gas (LPG) has surged to ₦2,000 per kilogram in various parts of Nigeria. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) indicates that local facilities—including the Dangote Petroleum Refinery—have become the primary suppliers of LPG between April 2025 and April 2026, with daily domestic supply reaching 4,500 tonnes by April 2026. Conversely, imports have plummeted, falling from 1,600 tonnes per day in November 2025 to just 200 tonnes per day by March 2026.....KINDLY READ THE FULL STORY HERE▶
Market Challenges and Consumer Hardship
Even with consistent local output, consumers are facing prohibitive costs and localized shortages, leading many households to abandon gas in favor of charcoal and firewood. Key issues contributing to the crisis include:
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Supply Chain Barriers: Marketers report that sourcing the product has become increasingly difficult, and they are now paying between ₦25.2 million and ₦26.2 million for 20 metric tonnes of LPG.
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Economic Impact: The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) stated that these high costs are causing severe hardship for families, food vendors, and small businesses.
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Policy Setbacks: Stakeholders warn that these trends threaten to reverse years of progress in promoting clean energy adoption and may lead to increased environmental damage.
Infrastructure Progress
While market prices remain high, the Nigerian Gas Infrastructure Company reports that several critical projects designed to improve gas transportation are nearing completion. As of the latest data:
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The Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project is 93.40% complete.
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The OB3 River Niger Crossing stands at 93.88% completion.
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The ELPS Midline Compressor Project has reached 94.45% completion.
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The Odidi-Warri Expansion Project is 70.28% complete, while the Escravos-Odidi project is in its early stages at 17.49%.
Despite this infrastructure progress, industry experts emphasize that addressing distribution bottlenecks remains essential, as increased domestic production alone has so far failed to lower retail prices for the average Nigerian.
Is there a specific aspect of this situation—such as the infrastructure projects or the marketers’ stance—that you would like to explore further?
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