The Nigerian National Petroleum Company Limited (NNPC) has announced a substantial contribution of N8.86 trillion to the Federation Account between January and July 2025.
The disclosure was made yesterday, marking one of the largest remittances by the national oil company in recent years, as the country continues to rely heavily on oil revenues for national development.
In a related development, the NNPC has also highlighted its return to Ogoniland as a momentous step in Nigeria’s journey toward national reconciliation and inclusive growth. The oil-rich region, which has long been a focal point for environmental and socio-political unrest, is once again at the centre of attention — this time, under a renewed focus on justice, sustainability, and community engagement.
Speaking on the significance of the move, Bayo Ojulari, Group Chief Executive Officer of NNPC, said:
“The re-entry into Ogoniland is not just about oil and gas. It is about justice, healing, and charting a new future for our nation.”
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Ojulari stressed that this return reflects the company’s unwavering commitment to its Ogoni re-entry plan, which places community development, responsible investment, and historical reconciliation at its core.
The NNPC’s spokesperson, Andy Odeh, further reiterated that the initiative symbolises Nigeria’s ability to confront its complex past, recognise the struggles of affected communities, and build a path forward rooted in shared prosperity and national unity.
The developments come as NNPC continues to transform under its new commercial model, aiming to operate more transparently and efficiently in line with the Petroleum Industry Act (PIA).
