NNPC has recorded ₦6.8 trillion profit since 2020

Since 2020, the Nigerian National Petroleum Company Limited (NNPC) has seen a 1,048% profit increase, totalling ₦6.8 trillion over four years.

From nearly eliminating losses in 2019, NNPC achieved a 16,982% profit surge in 2020. The growth persisted with 135% in 2021 and 278% in 2022.

Despite a steady 29% increase in 2023, rising debts and fuel scarcity cast doubt on the sustainability of this success.

Source:
NNPCL
Period:
2018-2023
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