The Nigeria Extractive Industries Transparency Initiative says revenue from the oil and gas sector amounted to $394.02 billion from 2011 to 2020.According to the report, the total revenue received from the sector was $20.43 billion in 2020 — the second-lowest figure in the 10-year period.
NEITI added that revenue from the oil and gas sector included deductions made by the Nigerian National Petroleum Company from the sale of crude oil and gas prior to remittance to the federation account. Deferment occurs when production or injection is delayed until a later time due to an activity, breakdown, trip, poor equipment performance, or sub-optimum operations.According to NEITI, Shell Nigeria Exploration and Production Company SNEPCO recorded the highest deferment of 17.84 million barrels of oil, Chevron Nigeria Limited followed closely with 12.18 million barrels, and Nigerian Agip Oil Company recorded crude oil deferment of 11.17 million barrels of oil.
NewCross E&P deferred 4.15 mmbbls, Addax Petroleum Exploration Nigeria Ltd deferred 2.26 mmbbls, Continental deferred 2.16 mmbbls, while Seplat failed to produce 1.33 mmbbls.
Where did it all go ? I am sure not to the tax havens run by the West.
10yrs...GEJ/PMB Where's our money?
Buhari used the ones generated under him to build second Niger bridge.
Where is the money na? Una share the money abi?
Same Nigerian government can not pay ASUU after the above figure.
What did they do with it?
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