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FAAC: NUPRC Remitted ₦6.2tr Revenue in 9 Months Despite Oil Output Fluctuations

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) made a total payment of N6.215 trillion to the Federation Account between January and September 2025, consolidating its position as one of the federal government’s biggest revenue contributors this year.

The figure, presented in the commission’s latest revenue report to the Federation Account Allocation Committee (FAAC) held in Abuja on October 16, 2025, reflected the cumulative transfers to the Central Bank of Nigeria (CBN) during the period under consideration.

According to the report seen by THISDAY, the amount transferred in September 2025 alone was N741.99 billion, representing 61.59 per cent of the commission’s approved monthly revenue budget of N1.204 trillion.

However, the figure fell short by N462.81 billion, or 38.41 per cent, mainly due to fluctuations in crude oil prices and shortfalls in national production during the month.

When compared with August 2025, September’s performance showed a marginal decline of just 0.43 per cent, as total collections dropped by N3.22 billion from the N745.20 billion recorded the previous month.

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