We Import Petrol While Exporting Crude: A Masterclass in Economic Self-Sabotage
On Monday, January 12, 2026, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) released its latest performance data, revealing a bittersweet reality. Nigeria averaged 1.64 million barrels per day (mbpd) of crude oil and condensates throughout 2025. While this shows a slight stabilization compared to previous years of rampant oil theft, it remains well below the…