
2025 Budget: FG records 18.9% shortfall in crude oil output
Seven months into the implementation of the 2025 budget, Nigeria’s oil production has fallen short by 82.46 million barrels, representing an 18.88 percent deficit against the Federal Government’s target of 2.1 million barrels per day (bpd). Latest data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that between January and July 2025, the country produced 354.26…