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flag Nigeria’s oil output surpassed 1.7 million barrels daily in 2025, driven by reforms and a new bidding round.

flag Nigeria’s petroleum sector reforms, driven by the 2021 Petroleum Industry Act, have spurred a major recovery, with oil production exceeding 1.7 million barrels per day in 2025 and a near-70 rig count—the highest in nearly a decade. flag The Pan African Parliament commended Nigeria’s transparent, digital licensing system and “drill or drop” policy as a model for Africa, prompting Senegal and Gambia to adopt similar approaches. flag The upcoming December 1, 2025, oil bid round will offer around 24 blocks, prioritizing undeveloped fields and enforcing development timelines to boost production and attract investment.

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