Excerpt from the NNPC Limited Energy Relations Stakeholders Engagement Meeting
— NNPCL has not only exceeded its 2024 profit projections but also achieved remarkable growth, with revenue soaring from ₦8.82 trillion in 2022 to a historic ₦23.9 trillion in 2023.
— For the first time in its 46-year history, NNPCL has posted an impressive profit of ₦3.29 trillion, marking a significant milestone in the company’s financial performance.
— This achievement is complemented by NNPCL’s proactive role in supporting the Nigerian economy, including a strategic $3 billion injection into foreign exchange liquidity, aimed at stabilizing the national economy.
— The corporation has also made significant progress in ensuring energy security, notably by restarting the Port Harcourt refinery in alignment with the Petroleum Industry Act of 2021, reinforcing its commitment to national energy sufficiency.
