The Nigerian National Petroleum Corporation (NNPC) has reacted to reports that it was in a dire financial crisis saying the revenue projection contained in its letter to the Accountant General of the Federation pertained only to the federation revenue stream being managed by the NNPC and not a reflection of the overall financial performance of the oil firm.

The corporation’s spokesperson, Kennie Obateru, in a statement issued on Friday, argued that the corporation’s financial trajectory was positive, despite the revenue projection in the recent letter it sent to the accountant general.

The NNPC maintained that it was conscious of its role and was doing everything possible to shore up revenues and support the federation at all times.

Obateru said, “The shortfall will be remedied by the corporation as it relates only to the federation revenue stream being managed by the NNPC and does not reflect the overall financial performance of the corporation.

“The NNPC remains in positive financial trajectory for the period in question.”

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