Agency Report
The President, Major General Muhammadu Buhari (retd.), who doubles as Minister of Petroleum Resources, has announced N287 billion after Tax, as Profit by the Nigerian National Petroleum Corporation (NNPC) in 2020.
The president made the declaration in a statement by his Special Adviser on Media and Publicity, Mr Femi Adesina, on Thursday in Abuja.
Buhari stated that the declaration was in fulfillment 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.
