The Nigerian National Petroleum Corporation Limited (NNPCL) didn’t remit $1.9billion to the government’s account at the end of 2021.
This is according to an audit report of the Nigeria Extractive Industries Transparency Initiative (NEITI) unveiled in Abuja yesterday.
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NEITI Executive Secretary, Mr. Ogbonnaya Orji, said the organisation felt it was important to inform the public of the non-remittance.
He also noted that crude oil production dropped from 39.08 million barrels in 2020 to 37.57 million in 2021 – a reduction he attributes to reduced crude oil production in that period, affecting 29 companies.
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