Nigeria Loses $6.8bn to Oil Production Shortfalls in 8 Months

Nigeria Loses $6.8bn to Oil Production Shortfalls in 8 Months

Nigeria has recorded crude oil production shortfall of about 93.74 million barrels in the first eight months of 2025, raising concerns over adequate funding of the 2025 national budget.

Nigeria Loses $6.8 Billion to Oil Production Shortfalls in 8 Months

Nigeria lost an estimated $6.848 billion in the first eight months of 2025 due to lower-than-planned crude and condensate output, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).  From January to August, production totalled about 406.84 million barrels, roughly 93.74 million barrels below the budget target of 500.58 million. That implies an 18.3% output … The post Nigeria Loses $6.8 Billion to Oil Production Shortfalls…