Tag: NNPCL

  • Soneye: NNPCL major contributor to power generation in Nigeria 

    Soneye: NNPCL major contributor to power generation in Nigeria 

    …uncovers 12 illegal refineries 

    The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday said it is a major contributor to the Nigerian Electricity Supply Industry (NESI).

    Its Chief Corporate Communications Officer, Olufemi Soneye disclosed this in Abuja at the NNPCL workshop/engagement session with selected Kannywood Artistes.

    He said, “NNPC Ltd is at the heart of Nigeria’s energy security, standing as one of the major contributors to the national grid. Our commitment to power generation is evident in our investments in key facilities.

    “Currently, we operate the Maiduguri Emergency Power Plant, a wholly owned facility providing essential electricity to the region. 

    “Additionally, we co-own two major power plants—Afam VI and Okpai 1 & 2—with a combined installed capacity of 1,132 megawatts.”

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    The facilities, according to him, play a crucial role in ensuring stable electricity supply to homes, industries, and businesses across the country.

    He urged the Artistes to help create awareness for the protection of the national energy assets.

    He said the engagement was basically to seek the Kannywood partnership that can help create skits that educate the public to desist from the vandalism of the country’s energy assets. 

    Soneye said, “Now, imagine if these critical assets were damaged or destroyed by vandals—entire communities would be plunged into darkness, businesses would suffer, and the economy would take a devastating hit.

    “This is why we need your voices to amplify this message: Safeguarding our national assets is safeguarding our future!”

    According to him, the NNPCL is desirous of strengthening national security for energy sustainability and energy growth.

    He further noted that the national oil company needs the partnership of Kannywood in raising awareness and fostering a spirit of patriotism culture among the citizenry.

    He informed the Artistes that, “You are not just actors—you are powerful influencers whose voices shape public opinion. That is why I am calling on you today to use your platforms to advocate for the protection of our national assets, particularly those managed by NNPC Ltd.”

    Tasking them on a campaign against vandalism, Soneye said, “Vandalism of critical infrastructure—including oil and gas pipelines, power plants, and energy installations—poses a severe threat to our economy, national security, and overall development. 

    “We must all play our part in educating the public about the dangers of such acts. As respected figures in society, you have the influence to drive this message home.”

    He expressed gratitude to President Bola  Ahmed Tinubu, NNPCL Group Chief Executive Officer, Malam Mele Kyari, Chief of Defence Staff, for Christopher Musa for the support for the battle against vandalism.

    “Under the leadership of the Group Chief Executive Officer (GCEO), Mele Kyari, the NNPC Ltd management team has implemented strategic actions that have significantly enhanced the security of our national assets, delivering unprecedented results never before seen in the sector.

    “These achievements have been made possible through the visionary leadership and unwavering support of the President of the Federal Republic of Nigeria, President Bola Ahmed Tinubu.

    “We also extend our deep appreciation to the Chief of Defence Staff, the military, and all law enforcement agencies for their dedication and commitment to safeguarding our nation’s critical infrastructure,” he said.

    Earlier, the Deputy Manager of NNPC’s Command and Control Center, Upstream Investment Management Services (NUIMS), Murtala Mohammed, revealed that the company has uncovered 12 new illegal pipeline connections in one week.

    He said it brought the total number of illegal connections to 7,015 as of February 10, 2025.

    Mohammed’s presentation, titled “An Insight into NNPC’s War Against Crude Oil Theft,” highlighted the company’s efforts to combat oil theft.

    The oil theft has significantly impacted Nigeria’s oil production capacity, currently standing at 1.7 billion barrels per day. 

    According to Mohammed , most of the stolen crude is refined locally, while some is transported out of the country.

    He added that 2,849 suspects have been arrested in connection with oil theft and 1,467 trucks loaded with stolen crude oil have been recovered. 

    The company also said it has repaired 3,100 vandalized pipelines.

    Giving further details Mohammed noted that there are 9,332 illegal refineries operating in the country as of February 10, 2025 while the 7,015 illegal connections has been destroyed. 

  • NNPCL: No explosion at Warri Refinery

    NNPCL: No explosion at Warri Refinery

    The Nigerian National Petroleum Company Limited (NNPCL), yesterday, said there was no explosion at the Warri Refinery and Petrochemical Company (WRPC).

    Its Chief Corporate Communications Officer, Mr Olufemi Soneye disclosed this in a rejoinder which stressed that any contrary report was utterly false.

    Soneye said routine maintenance was in progress in the plant.

    Read Also: Warri refinery, Tinubu’s new year gift to Nigerians – TMSG

    The statement said, “NNPC Ltd wishes to clarify that there was no explosion at the Warri Refining and Petrochemical Company (WRPC). Any reports suggesting otherwise are completely false.”

    NNPCL recalled that on January 25, 2025, operations at WRPC Area 1 were intentionally curtailed to carry out necessary intervention works on select equipment, including field instruments that were impacting sustainable and steady operations.

    According to the statement, “The intervention works are essential to ensure the production of on specification finished and intermediate products, particularly Automotive Gas Oil (AGO) and Kerosene (Kero).”

  • No explosion at Warri Refinery, says NNPCL

    No explosion at Warri Refinery, says NNPCL

    The Nigerian National Petroleum Company Limited (NNPCL) said there was no explosion at the Warri Refinery and Petrochemical Company (WRPC). 

    Its Chief Corporate Communications Officer, Olufemi Soneye stated this in a rejoinder which stressed that any contrary report was utterly false.

    Soneye said routine maintenance was in progress in the plant.

    The statement reads: “NNPC Ltd wishes to clarify that there was no explosion at the Warri Refining and Petrochemical Company (WRPC). Any reports suggesting otherwise are completely false.”

    NNPCL recalled that on January 25, 2025, operations at WRPC Area 1 were intentionally curtailed to carry out necessary intervention works on select equipment, including field instruments that were impacting sustainable and steady operations. 

    Read Also: NNPCL Retail to procure 500 CNG fuel trucks

    “The intervention works are essential to ensure the production of on specification finished and intermediate products, particularly Automotive Gas Oil (AGO) and Kerosene (Kero).

    “The routine maintenance is progressing as planned, and Area 1 will be back  in operation within the next few days. Despite ongoing interventions, over  the past 11 days, AGO loading has been maintained at an average of eight trucks per day, with a sufficient supply available to sustain ongoing truck load-out operations.

    “NNPC Ltd remains committed to ensuring uninterrupted product supply and appreciates the patience and cooperation of all stakeholders as it completes these essential maintenance activities,” it added. 

  • NNPCL Retail to procure 500 CNG fuel trucks

    NNPCL Retail to procure 500 CNG fuel trucks

    The Nigerian National Petroleum Company Limited (NNPCL) Retail is set to buy 500 Petroleum trucks that would be deployed for product transportation services by the end of the second quarter of the year.

    The vehicles will run on Compressed Natural Gas (CNG) and they will have attached to them, devices like cameras that would monitor fatigue and other relevant safety issues in the course of a journey.

    These measures, and more, are part of a collaborative effort of the federal government and all the stakeholders in oil and gas industry to prevent further carnage on Nigerian roads through petroleum tanker accidents.

    At a virtual meeting of the Major Energies Marketers Association of Nigeria (MEMAN), yesterday, the Association’s Chairman,  Huub Stokman, bemoaned the rate of accidents involving petroleum tankers on  Nigerian roads in recent times.

    Stokman, who is also the  managing director of NNPC Retail,  regretted that while it is glaring that the state of roads in the country are parlous, but, majority of the trucks being used in the product distribution are equally too are old.

    Clarifying that MEMAN is committed to ensuring safety  of petroleum transportation  in the country, he revealed that the association is taking every step possible to reduce, if not totally eradicate accidents involving petroleum product tankers.

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    “The NNPC Retail will bring in 500 trucks all fitted with cameras and electronic gadgets that will help to monitor what is happening in the  vehicle in order to mitigate the rate of accident. The trucks must follow safety notes,” he said.

    Also at the virtual meeting, the minister of Petroleum Resources, Oil, Heineken Lokpobiri, in his remarks  said the incident of accidents as far as petroleum tankers  are concerned are caused by excessive loading, bad roads, and the recklessness of the tanker drivers.

    According to the minister, most of the drivers of the petroleum tankers are not trained, stating further that some of the tankers are over loaded, even when they are known to be very old.

    “This is one incident, too many and the government is determined  to reduce to the barest minimum the incident of  petroleum  tanker accident,” Lokpobiri said.

    In his contribution, the Executive Secretary, Depot Petroleum Products Marketing Association of Nigeria (DAPPMAN), Adewale Olufemi, stated that some of its members have dedicated trucks that are well maintained and they have relationships with the  Federal Road Safety Corp (FRSC)  for safety purposes.

  • NNPCL, partners launch LNG plants

    NNPCL, partners launch LNG plants

    The Nigerian National Petroleum Company Limited (NNPCL) and its partners yesterday launched 97mmscf/d capacity five mini Liquefied Natural Gas (LNG) plant in Ajaokuta, Kogi State.

    It was in furtherance of its efforts to deepen domestic gas utilization in line with the Federal Government’s Gas Revolution Agenda.

    This was contained in a press statement signed by the firm’s Chief Corporate Communications Officer, Olufemi Soneye.

    The statement noted that the epic groundbreaking ceremony signalled the commencement of construction works on the five Mini-LNG plants namely: NNPC Prime LNG, NGML/Gasnexus LNG, BUA, LNG, Highland LNG and LNG Arete.

    NNPC Ltd has stake in three of the five mini-LNG plants (90 per cent in Prime LNG,; 50 per cent in NGML/Gasnexus LNG and 10 per cent in BUA LNG), while Highland LNG and LNG Arete are developed by other private companies.

    All in all, the plants have a combined capacity of 97 million standard cubic feet of gas per day (mmscf/d).

    This partnership between NNPC Ltd and private investors  represent a strategic leap towards energy sufficiency, off-grid industrial support and carbon emission reduction in the country.

    Speaking at the ceremony, the GCEO NNPC Ltd, Mele Kyari reaffirmed the company’s unwavering commitment to Federal Government’s gas-to-power aspirations, noting that natural gas holds the key to unlocking a bright and prosperous future for Nigeria, and a catalyst for industrialisation, job creation, and economic diversification.

    Read Also: NNPCL to restore 6,000 people sights in 2025

    He said the projects play a critical role in increasing access to energy for millions of Nigerians, providing job opportunities, promoting economic growth and contributing to the nation’s Gross Domestic Product (GDP), while creating opportunities for gas commercialisation and supporting the Federal Government’s flare down initiatives.

     “These Mini LNG facilities will ensure the efficient transportation of gas over long distances, providing a cleaner and cheaper source of energy to households, mobility, industries, and businesses. This is particularly important for regions that currently lack access to gas pipeline infrastructure.” Kyari added.

    He attributed the Company’s strides in upstream and gas infrastructure projects to the unwavering support of President Bola Tinubu in utilizing gas resources to fuel industrialisation, achieve energy security and foster economic growth and development.

    In his remarks, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, who described the development as an unprecedented feat in the history of Nigeria’s oil and gas industry, said natural gas remains a veritable vehicle for accelerating Nigeria’s industrialisation, economic growth and prosperity.

    Ekpo, who assured NNPCL and its partners of government’s support, stressed that the initiatives align with the administration’s aspirations of harnessing the country’s abundant gas resources for national economic development, reducing the nation’s carbon footprint and enhancing the well-being of Nigerians.

    In similar vein, Kogi State Governor, Ahmed Ododo expressed appreciation to the Federal Government for locating the five Mini-LNG plants in the state, describing it as a step forward in Nigeria’s march towards attaining energy security.

    The Governor, who commended President Bola Tinubu, the leadership of NNPCL and its partners for finding Ajaokuta and Kogi state worthy of gas investments added that the plants will unlock ample opportunities in investment, including direct and indirect employment for the state’s teaming population.

    He assured of the state government’s support for the project through manpower supply, provision of adequate security and host community collaboration at the projects’ various sites from commencement to completion.

    Also speaking, Chairman, NNPCL, Chief Pius Akinyelure, said the milestone marks a significant advancement in Nigeria’s energy sector and aligns with the Federal Government’s Renewed Hope Agenda, signaling a new era of sustainable energy, energy security, and industrial growth.

  • NNPCL, partners launch 97mmscf/d five mini-LNG plants in Ajaokuta

    NNPCL, partners launch 97mmscf/d five mini-LNG plants in Ajaokuta

    The Nigerian National Petroleum Company Limited (NNPCL) and its partners has launched 97mmscf/d capacity five mini Liquefied Natural Gas (LNG) plant in Ajaokuta, Kogi State.

    It was in furtherance of its efforts to deepen domestic gas utilization in line with the Federal Government’s Gas Revolution Agenda.

    This was contained in a press statement, the NNPCL Chief Corporate Communications Officer Mr. Olufemi Soneye issued in Abuja.

    The statement noted that the  epic groundbreaking ceremony signalled the commencement of construction works on the five Mini-LNG plants namely: NNPC Prime LNG, NGML/Gasnexus LNG, BUA, LNG, Highland LNG and LNG Arete. 

    NNPC Ltd has stake in three of the five mini-LNG plants (90% in Prime LNG, 50% in NGML/Gasnexus LNG and 10% in BUA LNG), while Highland LNG and LNG Arete are developed by other private companies. 

    All in all, the plants have a combined capacity of 97 million standard cubic feet of gas per day (mmscf/d).

    This unprecedented partnership between NNPC Ltd and private investors represent a strategic leap towards energy sufficiency, off-grid industrial support and carbon emission reduction in the country. 

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    Speaking at the ceremony, the GCEO NNPC Ltd, Mele Kyari reaffirmed the company’s unwavering commitment to Federal Government’s gas-to-power aspirations, noting that natural gas holds the key to unlocking a bright and prosperous future for Nigeria, and a catalyst for industrialization, job creation, and economic diversification.

    He said the projects play a critical role in increasing access to energy for millions of Nigerians, providing job opportunities, promoting economic growth and contributing to the nation’s Gross Domestic Product (GDP), while creating opportunities for gas commercialisation and supporting the Federal Government’s flare down initiatives. 

    “These Mini LNG facilities will ensure the efficient transportation of gas over long distances, providing a cleaner and cheaper source of energy to households, mobility, industries, and businesses. This is particularly important for regions that currently lack access to gas pipeline infrastructure.” Kyari added.

    He attributed the Company’s strides in upstream and gas infrastructure projects to the unwavering support of President Bola Tinubu in utilizing gas resources to fuel industrialization, achieve energy security and foster economic growth and development.

    In his remarks, the Minister of State for Petroleum Resources (Gas) Rt. Hon. Ekperikpe Ekpo, who described the development as an unprecedented feat in the history of Nigeria’s oil and gas industry, said natural gas remains a veritable vehicle for accelerating Nigeria’s industrialization, economic growth and prosperity.

    Ekpo, who assured NNPC Ltd. and its partners of Federal Government’s support, stressed that the initiatives align with Government’s aspirations of harnessing Nigeria’s abundant gas resources for National economic development, reducing the Nation’s carbon footprint and enhancing the well-being of Nigerians.

    In his remarks, Kogi State Governor, Ahmed Usman Ododo expressed appreciation to the Federal Government for locating the 5 Mini-LNG plants in the state, describing it as a step forward in Nigeria’s march towards attaining energy security.

    The Governor, who commended President Bola Ahmed Tinubu, the leadership of NNPC Ltd and its partners for finding Ajaokuta and Kogi state worthy of gas investments added that the plants will unlock ample opportunities in investment, including direct and indirect employment for the state’s teaming population.

    He assured of the state government’s support for the project through manpower supply, provision of adequate security and host community collaboration at the projects’ various sites from commencement to completion.

    Also speaking, Chairman, NNPC Ltd, Chief Pius Akinyelure said the milestone marks a significant advancement in Nigeria’s energy sector and aligns with the Federal Government’s Renewed Hope Agenda, signaling a new era of sustainable energy, energy security, and industrial growth.

  • NNPCL targets 6,000 Nigerians for sight restoration in Q1

    NNPCL targets 6,000 Nigerians for sight restoration in Q1

    • Over 1,000 regain vision in Southwest

    The Nigerian National Petroleum Company Limited (NNPL) has said it is hoping to restore the sights of about 6,000 people across the country by the end of this year’s first quarter.

    The company made the projection following the success it recorded in restoring the sights of 1,000 people, including two minors, in the Southwest.

    The oil company, through its social arm, the NNPC Foundation Limited/Gte, successfully undertook a free eye screening and extraction campaign aimed at addressing avoidable blindness caused by cataracts.

    The medical team, led by Prof. Grace Feyisayo Adepoju, performed surgeries on two minors, including nine-year-old Mohammed Lukman and six-year-old Adeleye Maria, who had congenital cataract.

    Prof. Adepoju said: “The foundation has equally announced plans to extend the cataract campaign to the remaining five geopolitical zones, with the ambitious target of restoring over 6,000 sights by the end of the first quarter of 2025.

    Read Also: NEITI urges NNPCL to complete refinery rehabilitation

    “The NNPC Limited, through its foundation, is committed to improving healthcare access and supporting initiatives that have a direct impact on the well-being of Nigerians.

    “The restoration of sights for these children is a testament to our dedication to creating lasting change.”

    The beneficiaries included 800 patients in Ogun State and 200 in Lagos State.

    The Managing Director of NNPC Foundation, Mrs. Emmanuella Arukwe, emphasised the importance of the programme in addressing health inequities across the country.

    She said NNPCL, through the foundation, remained committed to improving healthcare access and supporting initiatives that have a direct impact on the well-being of Nigerians.

  • NNPCL to restore 6,000 people sights in 2025

    NNPCL to restore 6,000 people sights in 2025

    Following a successful eye care intervention in the South West, where over 1,000 people, including two minors, regained their sight, the Nigerian National Petroleum Company Limited (NNPC Ltd.) is set to expand the initiative nationwide. 

    By the end of the first quarter, the company aims to restore vision for about 6,000 people across Nigeria.

    The initiative, spearheaded by the NNPC Foundation Ltd/Gte, provided free cataract screenings and surgeries to combat preventable blindness caused by cataracts.

    A medical team, led by Professor Grace Feyisayo Adepoju, performed surgeries on several patients, including two minors—9-year-old Mohammed Lukman and 6-year-old Adeleye Maria—both diagnosed with congenital cataracts.

    She said: “The Foundation has equally announced plans to extend the cataract campaign to the remaining five geopolitical zones, with the ambitious target of restoring over 6,000 sights by the end of the first quarter of 2025.”

    “NNPC Ltd., through its Foundation, is committed to improving healthcare access and supporting initiatives that have a direct impact on the well-being of Nigerians. 

    “The restoration of sight for these children is a testament to our dedication to creating lasting change,” she added

    The beneficiaries, who are among the over 1,000 individuals whose sight has been restored through this programme in the South-West zone, include 800 patients in Ogun State and 200 in Lagos State.

    Speaking on the development, the Managing Director of NNPC Foundation, Mrs. Emmanuella Arukwe, emphasized the importance of the programme in addressing health inequities across the country. 

    According to her, NNPC, through the Foundation, is committed to improving healthcare access and supporting initiatives that have a direct impact on the well-being of Nigerians.

    Read Also: NEITI urges NNPCL to complete refineries rehabilitation

    The programme has not only restored sight but also renewed hope for countless families across Nigeria, including the family of five-year-old Iremide Kasali, who had been living with cataract-related blindness since early childhood. 

    Her mother shared her story, highlighting the financial constraints that previously prevented her daughter from receiving treatment.

    The NNPC Foundation’s intervention has provided a lifeline for Iremide and her family, and the corporation has pledged to continue supporting the minors, especially the children, even after surgery to ensure full recovery and a return to normal life.

    According to report, with over 1,000 successful surgeries already recorded in the South-West zone, the programme is not only restoring sight but also renewing hope for countless families across Nigeria. 

  • NEITI urges NNPCL to complete refineries rehabilitation

    NEITI urges NNPCL to complete refineries rehabilitation

    The Nigerian Extractive Industries Transparency Initiative (NEITI) has urged the Nigerian National Petroleum Company Limited (NNPCL) to fastrack action on the ongoing rehabilitation of Phase two Port Harcourt Refinery Company Limited and Kaduna Refinery.

    The watchdog organisation made the call in a press statement its Communication & Stakeholders Management, Acting Director, Mrs. Obiageli Onuorah issued yesterday.

    “We request the NNPC to expedite action on the second phase of the Port Harcourt Refinery and the ongoing rehabilitation of the Kaduna refinery. This should be followed closely with the restoration of the phase 1 of the Port Harcourt refinery to optimal capacity in the ongoing rehabilitation efforts”, said NEITI.

    It commended NNPCL on the successful completion of the first phase of the Port Harcourt Refinery rehabilitation project and the gradual resumption of operations at the Warri Refinery.

    These accomplishments, according to NEITI, represent significant strides towards addressing Nigeria’s long-standing dependence on imported petroleum products.

    The statement stressed that the operationalisation of these refineries is a monumental step towards achieving energy self-sufficiency and fostering economic sustainability.

    Read Also: NEITI blames 79% dip in crude oil production on theft

    The statement reads in part: “By reducing the staggering costs associated with fuel importation, this milestone will positively impact Nigeria’s foreign exchange reserves and create a ripple effect across key sectors of the economy.

    “NEITI acknowledges that the revitalisation of the Port Harcourt and Warri Refineries has the potential to enhance energy security, create jobs, stimulate local industries, and free up critical funds that can be redirected towards national priorities like health, education, and infrastructure.”

    “You will recall that NEITI through its Industry Reports for the Oil and Gas 2023 released recently disclosed that between 2006-2023 (in 18 years), a total of N15.87 Trillion has been expended as under recovery through price differentials (Subsidy) with 2022 recording the highest sum of N4.714 Trillion.

    “2022 also recorded the highest importation of PMS put at 23.54 Billion litres, while 2017 recorded the lowest import volumes of 16.88 billion litres. Furthermore.

    “Between 2022 and 2023, importation volumes declined by 3.25 billion litres (14%) from 23.54 billion litres in 2022 to 20.28 billion litres in 2023.

    “This is attributed to the announcement of the removal of fuel subsidy.

    With the current efforts to put the refineries back to work, NEITI is delighted that the huge payments expended on subsidy will hence forth be available to support national development, ongoing rebuilding of the national infrastructure and poverty reduction.

    “We commend the leadership of the NNPCL team for their resilience, dedication, and unwavering determination in executing this complex and challenging task.

    “ As stakeholders in Nigeria’s energy sector, NEITI said that it remains committed to supporting NNPCL’s efforts to ensure the long-term success of these projects and to share the achievements with national and global partners, including the Extractive Industries Transparency Initiative (EITI) community.

    “NEITI stands ready to collaborate with NNPCL to sustain and expand these gains in the national interest and Nigeria’s energy security.”

  • NEITI urges NNPCL to complete refinery rehabilitation

    NEITI urges NNPCL to complete refinery rehabilitation

    The Nigerian Extractive Industries Transparency Initiative (NEITI) has urged the Nigerian National Petroleum Company Limited (NNPCL) to fast-track action on the ongoing rehabilitation of Phase Two Port Harcourt Refinery Company Limited and Kaduna Refinery.

    The watchdog organization made the call in a press statement its Communication & Stakeholders Management, Acting Director, Mrs. Obiageli Onuorah issued yesterday.

    “We request the NNPC to expedite action on the second phase of the Port Harcourt Refinery and the ongoing rehabilitation of the Kaduna refinery. This should be followed closely with the restoration of phase 1 of the Port Harcourt refinery to optimal capacity in the ongoing rehabilitation efforts”, said NEITI.

    It commended NNPCL on the successful completion of the first phase of the Port Harcourt Refinery rehabilitation project and the gradual resumption of operations at the Warri Refinery.

    These accomplishments, according to NEITI, represent significant strides towards addressing Nigeria’s long-standing dependence on imported petroleum products.

    The statement stressed that the operationalisation of these refineries is a monumental step towards achieving energy self-sufficiency and fostering economic sustainability.

    The statement reads in part: “By reducing the staggering costs associated with fuel importation, this milestone will positively impact Nigeria’s foreign exchange reserves and create a ripple effect across key sectors of the economy.

    Read Also: REVEALED: How Nigerian banks, fintechs are dominating African economy

    “NEITI acknowledges that the revitalization of the Port Harcourt and Warri Refineries has the potential to enhance energy security, create jobs, stimulate local industries, and free up critical funds that can be redirected towards national priorities like health, education, and infrastructure.

    “You will recall that NEITI through its Industry Reports for the Oil and Gas 2023 released recently disclosed that between 2006-2023 (in 18 years), a total of N15.87 Trillion has been expended as under-recovery through price differentials (Subsidy) with 2022 recording the highest sum of N4.714 Trillion.

    “2022 also recorded the highest importation of PMS put at 23.54 Billion litres, while 2017 recorded the lowest import volumes of 16.88 billion litres. Furthermore.

    “Between 2022 and 2023, importation volumes declined by 3.25 billion litres (14%) from 23.54 billion litres in 2022 to 20.28 billion litres in 2023.

    “This is attributed to the announcement of the removal of fuel subsidy.

    With the current efforts to put the refineries back to work, NEITI is delighted that the huge payments expended on subsidy will henceforth be available to support national development, ongoing rebuilding of the national infrastructure and poverty reduction.

    “We commend the leadership of the NNPCL team for their resilience, dedication, and unwavering determination in executing this complex and challenging task.

    “As stakeholders in Nigeria’s energy sector, NEITI said that it remains committed to supporting NNPCL’s efforts to ensure the long-term success of these projects and to share the achievements with national and global partners, including the Extractive Industries Transparency Initiative (EITI) community.

    “NEITI stands ready to collaborate with NNPCL to sustain and expand these gains in the national interest and Nigeria’s energy security.”