Pulse Infographics N2.23trillion unremitted revenues by NNPC in 2013 - NEITI audit

Below is a list of revenues unsettled or lost by the Nigerian National Petroleum Corporation (NNPC) and its sub-units. N2.23trillion Unremitted Revenues by NNPC in 2013

  • Published:
N2.23trillion Unremitted Revenues by NNPC in 2013 - NEITI Audit play

N2.23trillion Unremitted Revenues by NNPC in 2013 - NEITI Audit

24/7 Live - Subscribe to the Pulse Newsletter!

Revenues either lost or unremitted by the Nigerian National Petroleum Corporation and its sub-units

Revenue Losses and Gains

N119.4 billion ($599.9 Million)

Unrealized revenue due to underassessment/under-payments profit taxes, PPT and royalties

 

N1.21 Trillion ($5.9 billion)

Lost revenue due to offshore processing agreement, crude swap, and crude theft

N1.12 Trillion ($3.8 Billion)

Outstanding revenue from NNPC as unpaid royalties from the divested oil mining leases OMLs

 

Yearly Total Revenue flow to federation account from all oil and Gas sources

$62.9 Billion – 2012

$58 Billion – 2013

Total Revenue from solid Minerals – N33.9BN

Crude oil – 800.5 Million Barrels

Crude Lifted – 800.34 million Barrels  

Do you ever witness news or have a story that should be featured on Pulse Nigeria?
Submit your stories, pictures and videos to us now via WhatsApp: +2349055172167, Social Media @pulsenigeria247: #PulseEyewitness & DM or Email: eyewitness@pulse.ng. More information here.