Nigerian National Petroleum Company Limited (NNPCL) has made a significant contribution to the federation account, remitting ₦10 trillion, thus solidifying its position as the highest taxpayer in Nigeria.
Gatekeepers News reports that this information was shared by the Group Chief Executive Officer (GCEO), Malam Mele Kyari, during a presentation regarding NNPCL’s revenue performance for 2024 and projections for 2025.
Kyari emphasised the need for a forensic audit of the funds utilised by NNPCL for fuel price stabilisation and maintaining continuous petrol supply from January to September 2024.
“Until October 1, 2024, NNPCL, as mandated by the Petroleum Industry Act (PIA), acted as the supplier of last resort for fuel supply,” he said.
“A forensic audit is needed to determine the financial obligations of NNPCL and any owed entities. Our transactional accounts are transparent and published annually, reinforcing our status as the top taxpayer and the highest contributor of royalties and dividends.”
Regarding the company’s 2025 revenue projections, Kyari indicated that a definitive figure would be provided after the upcoming board of directors meeting in two weeks. He assured the committee that the parameters for the 2025 budget were both realistic and achievable.
