The Nigerian National Petroleum Company Limited (NNPC Ltd) transferred N2.89 trillion to the Federation Account between January and March 2026. This amount represents the total revenue remitted by the company during the first quarter of the year. The figure was confirmed in a report published by Nairametrics. No breakdown of the revenue sources was provided in the report. The NNPC Ltd has not issued an official statement detailing the components of the remittance. The Federation Account Allocation Committee will determine the disbursement of the funds to federal, state, and local governments.
NNPC Ltd reported a significant remittance without detailing where the money came from, leaving citizens unable to assess performance across sectors. The lack of a public breakdown means Nigerians cannot verify how much came from oil, gas, or other ventures. This opacity affects how state and local governments plan their budgets using these funds. Without transparency, accountability in revenue generation remains unclear.
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