The Department of Petroleum Resources (DPR) has announced that it generated an estimated revenue of N452 billion for the Federal Government between January and March.
DPR’s Director, Sarki Auwalu, disclosed this while he spoke during a strategic engagement session with the Nigeria Extractive Industry Transparency Initiative (NEITI) in Lagos.
He added that the regulatory agency was targeting an additional N900 billion for April and June.
Auwalu said the DPR operates a cashless revenue system which enables all revenue remittances to be paid to the Federation Account in compliance with the Treasury Single Account (TSA) policy of government.
Auwalu noted that transparency and accountability were critical to sustaining the industry and assured NEITI of the DPR’s support towards its mandate.
