{"id":18669,"date":"2025-11-25T11:41:22","date_gmt":"2025-11-25T11:41:22","guid":{"rendered":"https:\/\/thenewsnow.org\/?p=18669"},"modified":"2025-11-25T11:44:39","modified_gmt":"2025-11-25T11:44:39","slug":"nnpc-2","status":"publish","type":"post","link":"https:\/\/thenewsnow.org\/index.php\/2025\/11\/25\/nnpc-2\/","title":{"rendered":"NNPC Limited Posts \u20a65.4 Trillion Profit, Unveils $60 Billion Investment Roadmap To Drive Growth Through 2030"},"content":{"rendered":"<p>NNPC Limited has announced a Profit After Tax of \u20a65.4 trillion for the financial year ended 2024, supported by a robust revenue performance of \u20a645.1 trillion. The results, released during the company\u2019s earnings call with analysts, reflect a year marked by strong operational delivery, improved efficiency, and sustained financial resilience.<\/p>\n<p>According to the Group Chief Executive Officer, Bashir Bayo Ojulari, the performance reinforces the positive momentum of the company\u2019s ongoing transformation.<br \/>\n\u201cThe earnings highlight the positive momentum of our ongoing transformation and the unwavering commitment of our workforce,\u201d Ojulari said. \u201cThey offer a solid foundation for the ambitious growth ahead, in line with President Bola Ahmed Tinubu\u2019s mandate, and reaffirm our commitment to delivering value to Nigerians.\u201d<\/p>\n<p>2024 Financial Highlights<\/p>\n<p>NNPC Limited\u2019s audited results demonstrate significant year-on-year progress:<\/p>\n<ul>\n<li>Revenue: \u20a645.1 trillion (88% growth)<\/li>\n<li>Profit After Tax: \u20a65.4 trillion (64% growth)<\/li>\n<li>Earnings Per Share: \u20a627.07 (64% growth)<\/li>\n<\/ul>\n<p>These figures underscore the company\u2019s strengthened financial performance and improved operational efficiency as it continues transitioning into a fully commercial and profit-driven energy corporation.<\/p>\n<div id=\"thele-262295976\" class=\"thele-content\"><a href=\"https:\/\/adronhomesproperties.com\/mediaredirect\/\" aria-label=\"3\u00d73\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/thelegendnewsng.com\/wp-content\/uploads\/2025\/08\/3x3.jpg\" sizes=\"auto, (max-width: 1500px) 100vw, 1500px\" srcset=\"https:\/\/thelegendnewsng.com\/wp-content\/uploads\/2025\/08\/3x3.jpg 1500w, https:\/\/thelegendnewsng.com\/wp-content\/uploads\/2025\/08\/3x3-500x500.jpg 500w, https:\/\/thelegendnewsng.com\/wp-content\/uploads\/2025\/08\/3x3-1024x1024.jpg 1024w, https:\/\/thelegendnewsng.com\/wp-content\/uploads\/2025\/08\/3x3-250x250.jpg 250w, https:\/\/thelegendnewsng.com\/wp-content\/uploads\/2025\/08\/3x3-768x768.jpg 768w\" alt=\"\" width=\"1500\" height=\"1500\" \/><\/a><\/div>\n<p>A Strategic Roadmap for Sustained Growth and Energy Security<\/p>\n<p>Looking ahead, NNPC Limited has outlined an ambitious growth strategy designed to sustain momentum through 2030 and support Nigeria\u2019s broader energy transition. Central to this roadmap is a $60 billion investment pipeline covering upstream, midstream, and downstream operations.<\/p>\n<p>Key strategic targets include:<\/p>\n<ul>\n<li>Boosting crude oil production to <em>2 million barrels per day (bpd) by 2027<\/em> and <em>3 million bpd by 2030<\/em>.<\/li>\n<li>Expanding natural gas output to <em>10 bcf\/d by 2027<\/em> and <em>12 bcf\/d by 2030<\/em>, supported by the completion of major gas infrastructure projects such as the Ajaokuta-Kaduna-Kano (AKK) pipeline, Escravos\u2013Lagos Pipeline System (ELPS), and the Obiafu\u2013Obrikom\u2013Oben (OB3) pipeline.<\/li>\n<li>Mobilising $60 billion in investments across the entire energy value chain by 2030 to ensure long-term growth, energy security, and regional integration.<\/li>\n<\/ul>\n<p>\u201cOur transformation is anchored on transparency, innovation, and disciplined growth,\u201d Ojulari added. \u201cWe are positioning NNPC Limited as a globally competitive energy company capable of delivering sustainable returns while powering the future of Nigeria and Africa.\u201d<\/p>\n<p>About NNPC Limited<\/p>\n<p>Established in 1977, NNPC underwent a landmark transformation in July 2022, becoming NNPC Limited\u2014a fully commercial entity under the Petroleum Industry Act (PIA) of 2021. Today, the company plays a central role in Nigeria\u2019s energy landscape, spanning exploration, production, refining, gas development, and distribution.<\/p>\n<p>NNPC Limited continues to drive national growth and energy security, while expanding its impact across Africa\u2019s evolving energy market.<\/p>\n<p>The 2024 Audited Financial Statement will be available on the company\u2019s official website.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NNPC Limited has announced a Profit After Tax of \u20a65.4 trillion for the financial year ended 2024, supported by a<\/p>\n","protected":false},"author":1,"featured_media":18665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts\/18669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/comments?post=18669"}],"version-history":[{"count":2,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts\/18669\/revisions"}],"predecessor-version":[{"id":18671,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts\/18669\/revisions\/18671"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/media\/18665"}],"wp:attachment":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/media?parent=18669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/categories?post=18669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/tags?post=18669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}