Nigeria meets its OPEC target, but its budget still has oil problem

AI Summary

Nigeria has met and slightly exceeded its OPEC crude oil production quota of 1.50 million barrels per day for three consecutive months, reaching an average of 1.505 million barrels per day in July 2026. Despite this achievement, Nigeria continues to face budgetary issues related to its oil sector.

It remains correct to assert that Nigeria has met and slightly exceeded its OPEC crude oil quota of 1.50 million bpd for three consecutive months (May, June, and July 2026). Using the latest July numbers, we can see that crude production averaged 1.505 million barrels per day. The post Nigeria meets its OPEC target, but its budget still has oil problem appeared first on Nairametrics.