The Nigerian National Petroleum Corporation (NNPC) has explained thatbthe zero revenue projection for May pertains only to the federation revenue stream it manages and not a reflection of its overall financial performance.
Dr.Kennie Obateru, the Group General Manager of NNPC, Public Affairs Division, gave this position in Abuja
“The shortfall will be remedied by the corporation as it relates only to the Federation revenue stream being managed by the NNPC and does not reflect the overall financial performance of the Corporation.
The NNPC remains in positive financial trajectory for the period in question.”
The Corporation pledged to continue to pursue and observe its cost optimization process with a view to maximizing remittances to the Federation Account.
It would be recalled that NNPC, in a letter to the Accountant General of the Federation entitled: Re: Impact of Hike in Crude Oil Prices on the Deregulated Downstream Sector: Projected Remittance to the Federation Account for April to June 2021, which was inappropriately shared by unscrupulous persons, had projected that it would deduct the sum of N112bn from Oil and Gas proceeds for the month of April 2021 to ensure continuous supply of petroleum products to the country and guarantee energy security.
This has fueled reports of impending revenue shortfalls with dire consequences for the various tiers of government.
Meanwhile,the Nigerian National Petroleum Corporation (NNPC) has announced the opening of bids from interested local firms to participate in the tender process for the engagement of qualified and reputable auditors, and tax professionals.
The corporation said applicants must be “reputable audit, accounting, financial consulting and tax advisory firms with proven record and vast experience in the oil and gas industry in Nigeria or similar experience for foreign companies”.
It said the duration of the call off term contract shall be for a period of three years. However, the contract will lapse on December 31, 2023 irrespective of the effective date of such engagement.
Interested companies must submit expressions of interest (EOIs) via the NNPC/Nipex tender portal.
To be eligible for the tender exercise, interested bidders are required to submit mandatory details including the company’s name, full address, authorised contact person(s) name to include, phone number and company’s e-mail address to SCMTenders@nipex.com.ng on or before 12 noon, May 19.
Thereafter, the bidder would have access to make their submissions through the NNPC/NIPEX tender portal on or before 12 noon, June 9.
All bids shall be opened virtually, following the June 9 deadline for submission, using the NNPC Microsoft Teams.
