My people, gather here make I yan you wetin dey happen for oil sector. NUPRC, wey be Nigerian Upstream Petroleum Regulatory Commission, don scatter ground as dem remit record N8.503 trillion to Federation Account between January and December 2025. Na serious matter o, this one no be play play!
This amount no be small change, e represent 17% increase from wetin dem remit last year wey be N7.265 trillion. As e be, na im NUPRC be number one for revenue-generating agencies for Naija, and this report come from PUNCH wey get better intel. Dem carry this gist come during Federation Accounts Allocation Committee meeting. You fit imagine the kind celebrations wey dey happen for that side!
NUPRC no sleep for road, as dem dey try stabilize crude oil production and recover wetin dem dey owe since, dem no wan carry last. With all the wahala wey dey for public finances due to debt wahala and better demands from state and local governments, na this money wey dey enter the account be hope for many people.
The breakdown of the cash show say oil and gas royalties carry the bulk matter, wey contribute N7.807 trillion wey be almost 92% of the total. Gas flaring penalties sef add N611.416 billion for the mix, while concession rentals drop just N38.188 billion. Miscellaneous oil revenues, wey include licenses and permits, come be N46.439 billion. Na serious financial acumen wey dem show dis year!
As we dey talk so, royalties wey come from oil dey fluctuate well well. For January, na N641.061 billion wey dem collect before dem see small drop to N601.956 billion for February, dem follow am with N556.963 billion for March. But no worry, April come better with N757.028 billion – na big jump! But June come again with small wahala, N558.84 billion. Na so figures dey like roller coaster.
Nigerians dey watch as NUPRC dey report say dem collect N649.55 billion for December 2025. E no too much because time dey hard, but dem collect better money from legacy inflows wey come during di last month. And all dis money dey enter Federation Account, make e go help support the country small.
But no be all rosy as dem get challenges like crude oil theft, pipeline vandalism and all those issues wey dey affect production. Despite all dis wahala, oil and gas sector still dey shine as di main source of money wey dey come from FAAC. Naim make Naija hope say this kind figures go continue make our fiscal stability dey intact.
Make I yan you, wey dey manage NUPRC na dem dey collect royalties, rents, and penalties under Petroleum Industry Act wey pass for 2021. Na im dey show us say even amid the challenges, oil sector still dey hold access to serious revenue. So, my people, make we dey watch as dis matter dey unfold. Who go fit carry Naija waka forward if no be oil? Thanks for reading!
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