Abdulrasaq Kamaldeen
Nigeria’s daily oil production has increased by 25,000 barrels per day, rising from 1.251 million barrels per day in May to 1.276 million barrels per day in July.
The Organisation of the Petroleum Exporting Countries (OPEC) disclosed this in its Monthly Oil Market Report for June, released on Thursday, July 11, 2024. According to the report, the country’s oil production fell from 1.28 million barrels per day in April to 1.25 million barrels per day in May.
Based on secondary sources, OPEC noted that production figures dropped slightly from 1.37 million barrels per day in May to 1.36 million barrels per day in June. Notably, Nigeria’s oil production had increased by 50,000 barrels daily in April after a recent decline.
In February, the nation’s crude production fell sharply from 1.32 million barrels per day to 1.23 million barrels per day in March. Production also dropped from 1.427 million barrels per day in January to 1.322 million barrels per day, according to direct sources. As of July, Nigeria’s daily oil production had risen again by 25,000 barrels per day, increasing from 1.251 million barrels per day in May to 1.276 million barrels per day.
This increment in oil production has sparked a variety of reactions from the public.
In reaction, Ugwu Ikenna Modestus said, “To the benefit of the governments alone. Even if it gets to 300,000 barrels daily, Nigerians will still not see the effects from the economy.”
Toba Tolorunleke questioned, “What is happening with our refineries? What is TAM? How much? How much is your monthly pay, and those of the staff?”
Obina Akor emphasized, “Oil production rose by 25,000 barrels per day, and there is no positive sign of the rise in the economy, lives of the citizens, or market forces. Mele Kyari’s assertions don’t correspond to the reality on the ground.”
Onyeke Christopher Chukwudi stated, “NNPC under Mele is one of the greatest conduits for corruption in Nigeria. Kyari has reduced the company to a vessel to service the greed of most of the politicians in Government. Look at what he is celebrating as if the added revenue will be seen!”
Albert Challson furiously complained, “Still, poverty amidst plenty. It makes no sense since it’s not reflecting positively on the economy or ameliorating the plight and suffering of the Nigerian citizens or populace. Of what use and benefits?”
Ola Adeyefa added, “Why is it that NNPC is always known as a pipe for fraudulent scams and siphoning off the nation’s resources since its inception to date? It’s always been scams and frauds, unaccountability, and non-transparency galore.”
Omoigberale Richardson Richionaire commented, “What’s the importance of it when it’s not reflecting in the lives of the citizens? We are tired of hearing statistics when there’s nothing on the ground to back it up.”
