The Federal government got almost N16 trillion in taxes, royalties, and dividends from Nigerian National Petroleum Company Limited (NNPC Ltd) in the fiscal year2024.
This achievement was described as unprecedented in the history of the company
Group Chief Executive Officer of the national oil company, Bayo Ojulari,in a statement to shareholders, board members of the company in the recently released Annual Financial Report, also disclosed that the company’s “sustainable” procurement spending also hit N4.463 trillion.
Essentially, sustainable procurement involves buying goods, services, and works in a way that delivers value for money while also reducing environmental harm, supporting social wellbeing, and strengthening economic resilience.
