 The Niger Nasdaq Petroleum Corporation NNPC says the corporation generated total revenue of 209.54 billion Naira from oil and gas exports and domestic sales in January this year. The data also stated that about 40% of the proceeds from oil and gas exports and domestic sales in January were spent on joint venture assets and priority projects. The nation's oil and gas production structure is a major list played between the JV and the production sharing contract in Deepwater, Russia. Under the JV arrangement, both the NNPC and the private firms contributed to the funding of operations in the proportion of their equity holdings and generally received their produced crude oil in the same ratio. Total export crude oil and gas receipts for the period January 2020 to January 2021 stood at $2.73 billion, out of which the sum of $1.58 billion was transferred to JV Cash Coal as a force line charge and the balance of $1.15 billion was paid into the federation account.