NNPC Claims N11.2 Trillion for Oil Security in 2025

The Nigerian National Petroleum Company Limited (NNPC) recorded claims totaling N11.2 trillion from the Federation in 2025 for costs and advances incurred on its behalf, including expenses related to securing the country’s oil and gas assets. This amount is N4.07 trillion, or about 57 percent, higher than the N7.13 trillion energy security expense recognized in 2024.

The financial burden associated with protecting oil and gas infrastructure against crude oil theft and pipeline vandalism is underscored by this figure. The N11.2 trillion represents energy security costs and other receivables from the Federation, rather than a straightforward cash expenditure newly recognized in 2025.

No energy security expense was recognized in 2025, compared to N7.13 trillion in 2024, following a reconciliation of outstanding amounts against royalties, taxes, and dividends due as of December 2024, which was completed in September 2025. The NNPC's 2024 accounts recorded energy security expenses of N7.13 trillion, compared to N4.8 trillion in 2023.