Skip to content
Back to Guavy Wire
Commodities

Nigeria's Oil Production Soars 80% Under Tinubu

Instruments
Oil
Share

Nigeria's oil production has increased by over 80% since President Bola Tinubu took office, according to Minister of State for Petroleum Resources (Oil) Senator Heineken Lokpobiri.

Tinubu's reforms have led to a significant increase in oil output, with Nigeria now producing more than 1.8 million barrels per day, including condensate.

The number of active drilling rigs has increased from fewer than 10 to over 70, and the minister attributed this growth to divestments, investments, and sector reforms.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc