President Muhammadu Buhari has revealed that the Nigerian Nationwide Petroleum Company (NNPC) recorded revenue after tax of N287 Billion in 2020, the primary in 44 years.
The president made the declaration by way of his Fb web page on Thursday.
President Buhari acknowledged that the declaration was in fulfilment of an earlier pledge by the Federal Authorities to publicly announce the monetary place of the NNPC.
The publish reads: “I’m happy to announce the declaration of Revenue after Tax of Two Hundred and Eighty-Seven Billion Naira (N287 billion) within the 12 months 2020 by the Nigerian Nationwide Petroleum Company.
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”That is the sequel to the completion of the statutory Annual Audit train for the 12 months 2020.
”The NNPC losses have been decreased from N803 billion within the 12 months 2018 to N1.7 billion within the 12 months 2019 and the eventual declaration of Web Revenue within the 12 months 2020 for the primary time in its 44-year historical past.
“This growth is in line with this administration’s dedication to making sure prudent administration of sources and maximization of worth for the Nigerian folks from their pure sources.
“I’ve additional directed the Nigerian Nationwide Petroleum Company to well timed publish the Audited Monetary statements consistent with the necessities of the regulation and as comply with as much as our dedication to making sure transparency and accountability by public establishments.
“I congratulate the Board, Administration and Workers of the Company and sit up for better worth creation for the Nigerian folks,” he stated.