NNPC Ltd Invests N111 Billion in Training and Recruitment

In 2025, the Nigerian National Petroleum Company Limited (NNPC Ltd) reported an expenditure of N111.04 billion on training and recruitment, marking a 22.8% increase from N90.39 billion in 2024. This increase of N20.65 billion was detailed in the company's 2025 Annual Financial Report, which covers the financial year ending December 31, 2025.

On a standalone basis, NNPC Ltd's training and recruitment costs reached N56.75 billion, nearly doubling from N29.66 billion in 2024, indicating a 91.3% year-on-year increase. The company also allocated N270.70 billion for short-term employee benefits, with N140.02 billion for staff allowances and N104.45 billion for salaries and wages.

The rise in training and recruitment costs followed a major recruitment exercise that began in July 2024 and concluded in February 2025, attracting 45,689 applicants for roles in various fields, including petroleum engineering and finance.