The Nigeria National Petroleum Company Limited (NNPC) reported a total of N11.2 trillion in receivables from the federal government for 2025. This sum includes costs and advances incurred on behalf of the administration. The figure exceeds the annual petroleum subsidy bill, highlighting the financial burden placed on the company by the government.
The NNPC stated that the receivables cover various operational expenses and financial support provided to the federal government. The company has been tasked with managing the nation’s oil resources and ensuring the smooth operation of the petroleum sector. The reported amount reflects the scale of financial commitments made by the NNPC in support of government activities.
This marks a significant increase in the financial obligations of the NNPC compared to previous years. The company has previously highlighted challenges related to funding and resource allocation. The current figures underscore the growing financial pressures on state-owned enterprises in the energy sector. The situation reflects broader economic challenges facing Nigeria’s public sector.
