Nigeria remains one of the Organisation of Petroleum Exporting Countries' (OPEC) most resource-rich members, but new data from the organisation’s 2026 Annual Statistical Bulletin highlights persistent structural weaknesses across its oil sector and wider economy. With a population of about 237,5-million in 2025, Nigeria is by far the most populous country in OPEC, yet its oil output continues to lag behind that of its peers.
Crude production averaged roughly 1,43-million barrels per day (bpd), placing it in the mid-tier of producers despite
