The Nigerian National Petroleum Company Limited (NNPC Ltd.) has once again reaffirmed its critical role in supporting Nigeria’s economy, announcing a total remittance of ₦6.96 trillion to the Federation Account in the first five months of 2025. This was disclosed in the company’s Monthly Report Summary for June, released on Monday.
Despite recording a dip in monthly profit from ₦1.054 trillion in May to ₦905 billion in June NNPC’s financial performance continues to reflect its strong contribution to government revenue amidst ongoing economic reforms.
According to the report, crude oil and condensate production rose to 1.68 million barrels per day (bpd) in June, marking the highest output since January 2025. This increase signals a gradual rebound in upstream activities. Natural gas production also experienced a boost, climbing to 7.58 billion standard cubic feet per day, up from 7.35 billion scf/d in May.
In terms of fuel availability, there was notable progress. Petrol supply at NNPC retail stations improved to 71% in June, compared to 62% in May an encouraging sign for consumers facing fuel supply challenges.
The report also shed light on the advancement of key infrastructure projects. The Ajaokuta–Kaduna–Kano (AKK) gas pipeline has reached 83% completion, up from 81% the previous month. The OB3 pipeline remains steady at 96% completion, with technical reviews ongoing to apply insights gained from the AKK project, especially concerning the River Niger crossing.
While upstream pipeline availability dipped slightly from 98% in May to 97% in June, the report noted that strategic and technical milestones such as the successful AKK River Niger segment crossing have significantly reduced the risks of delays.
Refinery rehabilitation projects in Port Harcourt, Warri, and Kaduna are also still under review as part of the broader push for improved domestic refining capacity.
NNPC continues to invest in human capital development as well. In June, the company rolled out a financial literacy program that trained over 67,000 National Youth Service Corps (NYSC) members, bringing the total number trained under the initiative to 870,383.
It’s important to note that all reported figures are provisional and subject to reconciliation with relevant stakeholders.
Overall, this latest performance highlights NNPC Ltd.’s resilience and relevance as Nigeria pushes through fiscal pressures and structural reforms in its oil and gas sector. The company’s steady remittances and infrastructural strides suggest a sustained commitment to national development and economic stabilization.
