NUPRC Emerges Top Revenue Contributor with N8.5tn Remittance in 2025

The Nigerian Upstream Petroleum Regulatory Commission remitted a total of N8.503 trillion to the Federation Account between January and December 2025, making it the highest revenue-contributing agency during the period.

The figure represents a 17 per cent increase compared with the N7.265 trillion remitted in the previous year, underscoring the dominant role of upstream oil and gas revenues in Nigeria’s public finances.

Records from revenue allocation documents presented at Federation Accounts Allocation Committee meetings show that the commission’s remittance exceeded contributions from other major agencies. While the Nigeria Customs Service transferred about N4.04 trillion within the same period, the Ministry of Solid Minerals Development generated N68.1 billion.

Oil and gas royalties accounted for the bulk of the remittance, contributing N7.81 trillion, or nearly 92 per cent of the total. Gas flaring penalties generated N611.4 billion, while concession rentals and other oil-related revenues contributed smaller amounts.

Royalty inflows fluctuated throughout the year, reflecting changes in crude oil prices and production levels. Monthly collections peaked in October at N807.1 billion, the highest recorded for the year.

In December, the commission collected N649.6 billion, representing just over half of its monthly budget target, due largely to crude price volatility and production shortfalls. Despite this, legacy inflows and recoveries from outstanding obligations helped support overall revenue performance.

The commission also confirmed the recovery of outstanding dollar-denominated payments from petroleum operations, further strengthening total inflows shared by the federation.

The performance highlights the continued importance of the upstream oil and gas sector to government revenues, despite ongoing challenges including oil theft, infrastructure constraints, and production levels below assigned quotas.