The Nigerian National Petroleum Company Limited (NNPCL) has announced the remittance of N4.22 trillion in statutory payments to the federation account between January and March 2025. The disclosure was made in its April 2025 Monthly Report Summary, released on Thursday, which also detailed financial performance and ongoing infrastructure and production upgrades.

The report revealed that NNPCL generated N5.89 trillion in revenue from operations in April and posted a profit after tax of N748 billion. Crude oil and condensate production reached 1.61 million barrels per day, up slightly from 1.56 mbpd in March. Gas production also climbed to 7.35 billion standard cubic feet per day.

The company outlined plans to reach final investment decisions on four major upstream projects by Q4 2025, including the Ntokon Development Project (OML 102), the OML 29 Crude Oil Expansion Project, Gas Development in OMLs 30 and 42, and the Brass Fertiliser Project.

Technical work on critical national gas infrastructure continued, with the Ajaokuta-Kaduna-Kano (AKK) pipeline now 70% complete and the OB3 pipeline 95% complete, following recent interventions to resolve issues at River Niger crossings.

Refinery upgrade and assessment activities remain ongoing across the Port Harcourt, Warri, and Kaduna facilities. Meanwhile, the company conducted Technical Asset Management reviews for key oil mining licences, including OMLs 18, 58, 118, and 133, as part of its upstream revitalisation strategy.

Retail fuel availability stood at 54% in April, while pipeline availability rose to 97%, reflecting improved stability in the company’s supply network.

Through the NNPC Foundation, the company executed several social impact initiatives. These included providing 531 NYSC members with solar starter kits, training 83 ICT and 170 creative talents with business tools, and restoring vision for 2,005 people through cataract surgeries in the South-East and South-South. Additionally, NNPC rehabilitated three hospital wards at the National Orthopaedic Hospital, Igbobi, distributed STEM books and built science libraries in schools, and trained over 3,800 vulnerable farmers in climate-smart agriculture.

All financial disclosures in the report remain provisional and unaudited.