– Gas output grows by 7.5 bcfd
Lagos — Nigeria’s crude oil and condensate production reached 554.4 million barrels in 2025, and average daily crude oil and condensate production increased by 5%, from 1.55 million barrels per day (mb/d) the previous year to 1.63 mb/d, according to data from NUPRC’s report “Crude Oil and Condensate Production 2025″.
On the gas front, the latest data from the Gas Decade Office shows that gas production increased from 6.8 billion cubic feet per day (bcfd) in 2023 to 7.5 bcfd in 2025, while domestic gas supply exceeded the 2,000 bcfd threshold for the first time in Nigeria’s history.
The oil and gas industry remains key to Nigeria’s economy, as despite its contribution to GDP having fallen to 5% in 2025 from approximately 15% in the early 2000s, oil sales account for approximately 90% of total exports and between 60% and 85% of government budget revenues, according to data from the National Bureau of Statistics.
Nigeria has more than 36 billion barrels of oil reserves, making it Africa’s largest producer and one of the ten richest oil-producing countries in the world. Moreover, the country also owns significant natural gas reserves, estimated at 5.675 trillion cubic meters.
