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From Adanna Nnamani, Abuja
The Nigerian National Petroleum Company Limited (NNPC Ltd) remitted a total of N14.706 trillion to the Federal Government as statutory payments between January and December 2025.
The figures were disclosed in the company’s Monthly Report Summary for December 2025, which also showed that the national oil firm generated N60.5 trillion in total revenue for the year and recorded a profit after tax of N5.76 trillion. The performance reflects a strong financial outturn and increased contributions to government coffers.
The report highlights a significant rise in statutory remittances in 2025 compared to previous years, reinforcing NNPC’s central position in Nigeria’s fiscal framework. The company remains a key contributor to federally collected revenue through its upstream, midstream and downstream operations.
On production, natural gas output stood at 6,914 million standard cubic feet per day (mmscf/d) in December 2025, slightly lower than the 6,968 mmscf/d recorded in November.
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According to the report, the December production performance was affected by planned maintenance work at Stardeep-Agbami and Renaissance-Estuary Area (EA), as well as unplanned production facility outages.
The monthly report also provided updates on major gas infrastructure projects aimed at boosting domestic gas supply and strengthening the country’s energy value chain. On the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project, NNPC confirmed that mainline welding works have been completed as scheduled, while work is ongoing to finalise Intermediate Pressure Stations and Block Valve Stations along the corridor.
For the OB3 River Niger Crossing project, the company stated that early works have been completed and pilot hole drilling has commenced. NNPC maintained that both projects remain on track for completion, signalling ongoing efforts to expand gas transmission capacity nationwide.
The 2025 performance represents an improvement over 2024, when the company recorded a profit after tax of N5.4 trillion from total revenue of N45.1 trillion. In December, President Bola Tinubu approved the cancellation of a substantial portion of debts owed by NNPC Ltd to the Federation Account, wiping off about $1.42 billion and N5.57 trillion.
