The Nigerian National Petroleum Company Limited (NNPCL), has remitted N10 trillion to the federation account as at September,2024.
The Group Chief Executive Officer (GCEO) of the company,Mele Kyari,disclosed this on Wednesday during presentation of revenue generation performance of NNPCL in 2024 and projection for 2025 to the National Assembly joint committee on Finance
He claimed the NNPCL is the only company in the country which publishes 100% of its account annually.
He added that NNPCL is the highest tax payer in the country, highest payer of royalty and dividends.
According to him,the company wants a forensic audit to be conducted on money spent by it for stabilization of price of Petrol from January to September 2024 and uninterrupted supply of the product .
He added:”Until 1st October 2024, NNPCL as mandated by the Petroleum Industry Act ( PIA) , acted as the supply of last resort on fuel supply which requires forensic audit to know how much NNPCL is being owed or owing any agency .
“Our transactional account is very transparent which is published on yearly basis , making NNPCL , the only company in Nigeria noted for that and also the highest tax payer in the country as well as highest payer of royalty and dividends to shareholders as a commercial national oil company”.
He said that revenue projection for 2025 will be made after the meeting of Board of Directors of the company in two weeks time.
He said the parameters for the 2025 budget are realistic and realisable.
Speaking,the Managing Director of Nigeria Port Authority (NPA), Dr Abubakar Dantsoho said NPA remitted N753billion into consolidated revenue fund and projected N997 billion for 2025 fiscal year.
The Committee Chaired by Senator Sani Musa and Hon. James Faleke however, jerked the projected revenue for 2025 from N997 billion to N1.75 trillion.
The increased revenue projection according to the joint committee chairmen, was done for maximization of the 56 revenue sources NPA has.
