Nigeria’s oil sector recorded significant achievements in 2025, driven by reforms, new investments, and strengthened local content, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said.
Lokpobiri stated this in a post on his X handle on Wednesday.
According to Lokpobiri, the industry remained open for business throughout the year, engaging investors, launching new projects, and deepening partnerships across the upstream and downstream sectors.
From upstream to downstream, the oil minister said Nigeria stayed open for business. He said the government engaged investors, launched new projects, strengthened partnerships, and deepened local content.
He added that the reforms implemented during the year boosted production, ensured compliance with obligations, and maintained sustainability as a core focus.
With strong in-country value retention, he boasted that the oil sector delivered real results, saying 2025 was a win, and the sector was just getting started.
“From upstream to downstream, Nigeria stayed open for business. We engaged investors, launched new projects, strengthened partnerships, and deepened local content.
Reforms boosted production, obligations were met, and sustainability stayed in focus. With strong in-country value retention, the oil sector delivered real results. 2025 was a win, and we are just getting started,” Lokpobiri posted.
The minister’s comments came amid growing optimism that Nigeria’s oil sector can sustain growth while balancing investor interests and national development goals in the coming years.
It also came despite the inability of the country to meet the crude production quota set for it by the Organisation of the Petroleum Exporting Countries.
Nigeria produced a total of 443.25 million barrels of crude oil between January and October 2025, according to crude oil and condensate production data from the Nigerian Upstream Petroleum Regulatory Commission.
According to the NUPRC report, this translates to an average of about 1.46 million barrels per day. Despite intermittent improvements, the output level meant that Africa’s largest oil producer remained below its 1.5 million barrels per day crude oil quota set by OPEC, achieving about 97 per cent of the quota during the 10-month period.
This performance fell short of the Federal Government’s 2025 budget oil production benchmark of over two million barrels per day, which covers both crude oil and condensate.
While the Federal Government has pledged to raise oil output through improved security, reduced crude theft, and infrastructure rehabilitation, the January to October figures indicate that structural and operational challenges continue to constrain Nigeria’s oil production.
