Nigeria earned $2.21 billion from crude oil exports to the United States in the first seven months of 2025 under the administration of President Bola Ahmed Tinubu. According to data from the U.S. Census Bureau and the Bureau of Economic Analysis, the country shipped about 28.7 million barrels of crude oil to the U.S. within the period, making Nigeria the largest African supplier ahead of Libya, Angola, and Ghana.
Despite the significant revenue, the figures show a decline compared to the same period in 2024. Export volumes dropped by 8.8%, while the value fell by about 22% year-on-year. In June 2025, exports peaked at 6.95 million barrels worth around $496 million, but dipped in July to 4.4 million barrels valued at $336 million, reflecting volatility in global oil demand and prices.
The National Bureau of Statistics also reported that Nigeria’s overall crude oil exports for the first half of 2025 decreased by ₦3.18 trillion compared to the same period in 2024. This trend highlights ongoing challenges, including fluctuating international prices, lower shipment volumes, and persistent issues such as oil theft and pipeline vandalism.
Analysts note that while the $2.21 billion earnings remain substantial, the Tinubu administration must continue efforts to stabilize crude production, tackle infrastructure challenges, and diversify the economy. Strengthening Nigeria’s resilience in the global energy market, they argue, will be key to sustaining revenues and meeting national development goals.
