NNPC Boosts Federation Account with N8.86trn in 7 Months

The Nigerian National Petroleum Company Limited (NNPC) reported remitting N8.86 trillion to the Federation Account from January to July 2025, as announced on Friday.

Highlighting its return to Ogoniland, NNPC described the move as a historic milestone for Nigeria. 

Beyond increasing oil output, the company emphasized sustainable investments and community-focused development as key to national progress.

Bayo Ojulari, NNPC’s Group Chief Executive Officer, underscored the company’s commitment to the Ogoni re-entry plan, calling it a step toward justice, reconciliation, and prosperity. 

“This is not just about oil and gas—it’s about healing and building a future centered on fairness and progress for all,” Ojulari said, according to NNPC spokesperson Andy Odeh. 

SOURCE: nigerianeye.com