NNPC Limited powers ahead with strong April performance, fuels national growth

In a robust show of fiscal performance and strategic development, the Nigerian National Petroleum Company Limited (NNPCL) announced a revenue inflow of N5.89 trillion for April 2025, with a post-tax profit of N748 billion, reflecting growing momentum in Nigeria’s oil and gas sector.

According to the company’s Monthly Report Summary for April 2025, the figures—though still unaudited—underscore NNPC’s central role in driving both economic stability and national infrastructure.

From January to March 2025, NNPCL reported statutory transfers of N4.225 trillion, signaling its continued contribution to government coffers amid fiscal tightening.

Stable Production, Upstream Focus

The report showed crude oil and condensate production averaging 1.61 million barrels per day in April. This maintained consistency with earlier months: 1.67mbpd in January, 1.62mbpd in February, and 1.56mbpd in March. Natural gas output also rose steadily, hitting 7.47 million standard cubic feet per day in April, up from 6.62 to 7.12 million mmscf/d in the prior months.

NNPCL emphasized that these numbers exclude independent operators regulated by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), focusing solely on the company’s operations.

Pipeline reliability was strong, with 97% availability in upstream systems, and petrol supply through NNPC Retail stood at 54%, reflecting operational stability amid fluctuating market dynamics.

Strategic Projects and Infrastructure Milestones

Progress on key national energy infrastructure also featured prominently. The Ajaokuta-Kaduna-Kano (AKK) pipeline reached 70% completion, while the Obiafu-Obrikom-Oben (OB3) gas pipeline hit 95%, vital steps in expanding Nigeria’s domestic gas grid.

The company also reported interventions to overcome engineering challenges, such as River Niger crossings, and ongoing upgrades across key oil mining leases like OML 18, 58, 118, and 133.

Meanwhile, Port Harcourt, Warri, and Kaduna refineries remained under evaluation, with NNPC reaffirming partnerships to accelerate sustainable output.

Looking ahead, the company listed multiple Final Investment Decisions (FIDs) planned for late 2025, including the Ntokon Development Project (OML 102), Crude Oil Expansion (OML 29), and new gas ventures in OML 30 and 42. Financial closure of the Brass Fertilizer Project also remains a high priority.

Empowering Nigerians Beyond Oil

In a reflection of its broader role in national development, the NNPC Foundation outlined sweeping impacts across youth empowerment, healthcare, and education. Notably:

• 531 NYSC corps members received solar power business kits, launching careers in clean energy.
• 253 youths trained in ICT and creative industries, with full starter kits to drive innovation.
• 2,005 cataract surgeries were conducted in the South-East and South-South, restoring vision and dignity.
• 100-bed hospital ward upgrades were completed at National Orthopaedic Hospital, Igbobi.
• STEM libraries were commissioned in Abuja and Lagos, equipping future scientists.
• 3,860 vulnerable farmers received training in climate-smart agriculture, enhancing food security.

A National Engine Still Gaining Speed

As global energy markets remain in flux and domestic reforms unfold, NNPC Limited’s April 2025 report paints a picture of a state-owned enterprise balancing profitability with national impact—advancing infrastructure, enabling local capacity, and bolstering fiscal resilience.