NNPC Contributions: Commentator Compares What Tinubu Brought to the Treasury With Past Presidents

A commentator has claimed that NNPC contributions to the national treasury have risen sharply under President Bola Tinubu. In a video analysis, he compared the corporation’s remittances across several administrations since 1990. Moreover, he argued that many critics overlook this record. Sojworldnews could not independently verify any of the figures he cited.

The commentator began by describing the state of the corporation before Tinubu took office. According to him, it had become a body that collected money instead of paying it. “That ghostly corporation was supposed to give money to the federal treasury,” he said. However, he claimed it mostly took funds by the time Tinubu arrived.

He then put the corporation’s total remittances since 1990 at $13 billion. He chose to quote every figure in dollars, and he explained why. “If I state them in Naira, you and others will say the Naira of today is not the same thing as the Naira of ten years ago,” he said. Therefore, he used what he called the most stable currency for the comparison.

Next, the commentator went through each administration in turn. He said the corporation contributed $4 billion during Olusegun Obasanjo’s eight years in office. Afterwards, he said it contributed $8 billion under Umaru Musa Yar’Adua, whose time in office he described as a little under three years. Furthermore, he claimed Goodluck Jonathan’s five years brought in only $1 billion.

The commentator saved his harshest words for the Muhammadu Buhari era. He said the corporation brought in nothing over eight years. “It was the government paying the corporation to do nothing,” he claimed. Notably, he said he once admired Buhari, but he still described that period as a failure for the treasury.

Turning to the present, the commentator said the figures have reversed under Tinubu. He argued that an economically astute leader would reverse the decline, and he claimed Tinubu did exactly that. “How much has the corporation contributed in the last three plus years?” he asked. He then answered his own question. According to him, the corporation has remitted $15 billion so far, with about eight months left before the tenure ends in May.

That claim carries a striking implication. If his earlier totals are correct, the $15 billion exceeds everything the corporation reportedly paid between 1990 and 2023. In other words, Tinubu’s administration would have outperformed all previous governments combined. The commentator leaned on that point throughout his remarks.

He closed with a direct challenge to those who dismiss the president’s record. “What is it about this man that allows him to bring far more money than every other president in the Fourth Republic?” he asked. He did not offer a detailed explanation in the clip. Instead, he suggested that the numbers speak for themselves.

However, readers should treat the comparison with caution. The commentator did not name a source for his totals. In addition, he did not explain how he separated remittances from other flows, such as subsidy deductions or crude oil swaps. Independent records from the corporation, the Federation Account Allocation Committee, and the Nigeria Extractive Industries Transparency Initiative could confirm or challenge his claims. Meanwhile, his argument shows how NNPC contributions have become a political talking point ahead of the 2027 election.

Sojworldnews will update this report if the corporation or the presidency responds.