The Nigerian National Petroleum Company Limited (NNPC) has announced a 98 per cent increase in its remittances to the Federal Government, reaching N8 trillion in the first half of 2025. Industry observers say the surge reflects growing financial discipline and operational efficiency within the national oil company under the leadership of Group Chief Executive Officer, Mele Kyari, and Chief Financial Officer, Umar Ajiya Ojulari.
According to the report, statutory payments which stood at N4.225 trillion in the first quarter climbed steadily to N5.583 trillion by April and N6.961 trillion in May. The cumulative figure for the period January to June was confirmed at N7.965 trillion, marking one of the strongest revenue flows in recent years.
The record remittance is expected to provide significant fiscal support for the implementation of national projects, budgetary obligations, and critical infrastructure development. Analysts note that the trend also underscores the impact of ongoing reforms in Nigeria’s oil and gas sector, aimed at strengthening transparency, accountability, and long-term economic growth.