- August 27, 2021
- Posted by: adminer
- Category: Natural Resources, Trade and Industry
For the first time in 44 years, President Muhammadu Buhari, who doubles as Minister of Petroleum Resources, has announced a Profit after Tax of N287 billion by the Nigerian National Petroleum Corporation (NNPC) in 2020.
The disclosure of the profit is in fulfilment of an earlier pledge by the Federal Government to publicly announce the financial position of NNPC.
The president made the declaration in a statement by his Special Adviser on Media and Publicity, Mr Femi Adesina, on Thursday in Abuja.
President Buhari stated that the declaration was in fulfilment of an earlier pledge by the Federal Government to publicly announce the financial position of the NNPC.
He noted that the net profit was the first in the 44-year history of the establishment.
“I am pleased to announce the declaration of Profit after Tax of Two Hundred and Eighty Seven Billion Naira (N287 billion) in Year 2020 by the Nigerian National Petroleum Corporation.