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The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a Profit After Tax (PAT) of N7.2 trillion in the 2025 financial year, representing a N1.8 trillion increase from the N5.4 trillion recorded in the previous year.
Chairman of the NNPC Ltd Board, Engr. Ahmadu Musa Kida, disclosed the figures in his Independence Day message to Nigerians, describing the 2025 financial year as a turning point for the national oil company.
According to Kida, NNPC Ltd generated N34.5 trillion in revenue during the year, while its remittances to the Federal Government rose to N22.3 trillion.
The remittances represented a N6.3 trillion increase from the N16 trillion recorded in the preceding year and included taxes, royalties and other statutory payments.
Kida said the funds contributed to the financing of critical national infrastructure and social programmes.
Crude Production Hits Five-Year High
Kida also highlighted improvements in NNPC Ltd’s operational performance, saying crude oil production peaked at 1.77 million barrels per day in 2025.
He described the figure as a five-year high.
Natural gas supply also reached 7.2 billion standard cubic feet per day, which Kida described as a three-year high.
He said the increase strengthened Nigeria’s capacity to meet domestic gas obligations while expanding its potential as a global gas supplier.
Pipeline availability along major export routes also improved, with reconciliation factors of about 90 per cent recorded between crude produced and volumes delivered at terminals.
According to Kida, community-based surveillance, strategic interventions and coordinated security operations contributed to the improvement.
NNPC Sustains Crude Supply To Local Refineries
On domestic refining, Kida said NNPC Ltd had sustained crude oil supply to local refineries through a dual-currency arrangement designed to balance national interests with commercial considerations.
He said the initiative was helping strengthen domestic fuel supply and reduce Nigeria’s historical dependence on imported refined petroleum products.
Kida said processing Nigerian crude in Nigerian refineries would help retain more value within the country, while creating jobs and supporting economic activity.
Kida: NNPC Now Contributing To Fiscal Stability
The NNPC board chairman attributed the company’s performance to the collective efforts of the board, management and staff under the leadership of Group Chief Executive Officer, Engr. Bashir Bayo Ojulari.
He said the company’s upstream, downstream, gas, power and new energy portfolios had contributed to its changing role within the Nigerian economy.
According to Kida, NNPC Ltd has moved beyond its traditional role as an oil company to become an important contributor to Nigeria’s fiscal stability.
NNPC Reaffirms Commitment To Nigeria
Reflecting on Nigeria’s 66th Independence Anniversary, Kida said the occasion provided an opportunity for citizens to reflect on the country’s journey and aspirations for self-determination, prosperity and development.
He said NNPC Ltd remained committed to supporting those aspirations through increased energy production, gas supply, revenue generation and domestic refining.
“At NNPC Limited, we are working daily to fulfil that promise. Every barrel of crude produced, every cubic foot of gas supplied, every naira remitted to government coffers, and every Nigerian employed in our operations represents a step towards the energy-secure, prosperous nation our founding fathers envisioned,” he said.
Kida congratulated Nigerians at home and in the diaspora on the Independence Anniversary and commended NNPC Ltd’s management and staff for their dedication.
He also reaffirmed the Board’s commitment to steering the company towards greater performance and continued contribution to Nigeria’s economic development.
“Happy Independence Day. God bless the Federal Republic of Nigeria,” he said.
