- Nigeria’s crude oil production for March 2023 increased to about 1.6 million barrels per day
- The increase, according to reports, is the highest rate among oil-producing countries for March
- The federal government had, at the beginning of the year, set a target of hitting 1.6 million barrels of daily production
According to a Reuters survey in March 2023, Nigeria’s performance surpassed other Organization of the Petroleum Exporting Countries (OPEC) members.
The survey indicated that Nigeria’s daily oil production increased by 150,000 barrels per day (bpd) to reach 1.6 million barrels daily.
