By Christopher Ajewole 
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a profit after tax of ₦748 billion and a total revenue of ₦5.891 trillion for the month of April 2025. This financial performance reflects the company’s continued operational efficiency, resilience in a volatile energy market, and commitment to strategic growth.
The state-owned oil giant also made statutory payments totalling ₦4.225 trillion between January and March 2025, reinforcing its commitment to fiscal responsibility and national economic stability.
Strong Operational Output Fuels Results
NNPC Ltd’s solid financial showing is underpinned by consistent crude oil and natural gas production. Crude oil and condensate output averaged 1.6 million barrels per day, while natural gas production reached 7,473 million standard cubic feet per day. This level of productivity reflects efforts by the company to stabilise operations and enhance extraction efficiency.
Despite nationwide challenges with petroleum supply, petrol availability in retail stations stood at 54 percent, while the upstream pipeline infrastructure posted a 97 percent availability rate. These figures indicate that NNPC Ltd is actively refining its distribution processes to improve fuel accessibility across the country.
Infrastructure development has also made notable progress. The Obiafu-Obrikom-Oben (OB3) Gas Pipeline project is now 95 percent complete, while the Ajaokuta-Kaduna-Kano (AKK) Natural Gas Pipeline has reached 70 percent completion. These strategic projects are central to improving Nigeria’s energy access and reducing reliance on imported energy sources.
Meanwhile, assessments are ongoing at the Port Harcourt, Warri, and Kaduna refineries. NNPC Ltd is reviewing their operational viability with the goal of enhancing Nigeria’s domestic refining capacity in the near future.
Strategic Investments on the Horizon
Looking ahead, NNPC Ltd is preparing to make significant investments in the oil and gas industry, with four Final Investment Decisions (FIDs) scheduled for 2025. Among them is the Ntokon Development Project, which aims to enhance oil production capacity and expand national revenue. Similarly, the Crude Oil Production Expansion Project under Oil Mining Lease (OML) 29 is expected to support Nigeria’s goal of meeting rising global demand for crude oil.
The company also plans to invest in gas development projects under OMLs 30 and 42. These ventures are designed to improve domestic energy supply and increase natural gas exports, further positioning Nigeria as a major player in the global energy market.
Another flagship initiative is the Brass Fertilizer Project, which is aimed at boosting local agricultural productivity and reducing the country’s dependence on imported fertilizers. The project is expected to support food security and economic diversification.
Driving Community Impact
Beyond its core operations, NNPC Ltd remains committed to contributing to national development through its corporate social responsibility programmes. The company is actively supporting initiatives in healthcare, education, and local economic empowerment in the communities where it operates.
With a strong financial performance and an ambitious development roadmap, NNPC Ltd is reinforcing its role as a key driver of Nigeria’s energy sector and economic growth. As the company continues to invest in strategic infrastructure and community programmes, it remains well-positioned to lead Nigeria’s transition towards energy sustainability and economic resilience.
Valentine Alexander
Leave feedback about this