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Department Of Petroleum Resources (DPR) Generated N2tn For FG In 2020
DPR says it generated N2 trillion naira for the Federal Government (FG) in 2020.
It said this was achieved despite challenges encountered in the sector locally and internationally.
The Department of Petroleum Resources (DPR) on Thursday announced that it generated over N2 trillion for the Federal Government (FG) in 2020.
This was revealed by the Director, DPR, Auwalu Sarki, in his virtual keynote address at the 2021 Society of Petroleum Engineers Oloibiri Lecture Series and Energy Forum in Abuja.
Sarki said the department had repeatedly exceeded its revenue target by embracing systems and processes that ensure transparency and accountability in oil and gas revenue generation.
He said :
“The DPR takes seriously its mandate to optimise revenues for government, serve as adviser to government on petroleum matters and implement applicable policy direction.
“DPR, for instance, continues to exceed government revenue target by embracing systems and processes that ensure transparency and accountability in oil and gas revenue generation, computation, collection, reconciliation and legacy debt recovery.
“Last year alone, we generated over N2tn for this country and we intend to exceed that value in this year.”
Sarki noted that the agency’s commitment to exceed last year’s N2tn remittance was despite the challenges encountered in the sector locally and internationally.
“All these are anchored on core principles of operational excellence that allows full flow of value to government,” Sarki stated.
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