Oil, gas export revenue fell by $2.23bn in 2020 – NNPC The Punch Published 12:28 am The total revenue generated by the Nigerian National Petroleum Corporation from crude oil and gas exports plunged by 45.98 per cent last year amid the COVID-19-induced collapse in price and demand, ’ FEMI ASU reports Nigeria’s revenue from the exports of crude oil and gas fell to $2.62bn in 2020 from $4.85bn in the previous year as the COVID-19 pandemic triggered a sharp decline in prices and demand for the commodity. Oil and gas account for about 50 per cent of the Nigerian government revenues and over 90 per cent of export earnings but represent only about 10 per cent of the country’s Gross Domestic Product.