Incredible: NNPC Refineries Generate Zero Revenue, Pay Workers N69bn

Incredible: NNPC Refineries Generate Zero Revenue, Pay Workers N69bn

  • NNPC workers were paid a total of N69.07bn last year despite the fact that they did not do any work
  • However, the government-owned refineries did not process a single barrel of crude oil during this period
  • The plants, which are located in Port Harcourt, Kaduna and Warri, have a combined installed capacity of 445,000 barrels per day

In what will continue to surprise Nigerians, many workers at the government-owned refineries are doing nothing but getting paid, Punch Newspaper reports.

In fact, they were reported to have been paid a total of N69.07bn last year. The plants generated zero revenue as they did not process a single barrel of crude oil.

NNPC refineries generate zero revenue, pay workers N69bn
NNPC refineries generate zero revenue according to reports. Photo: NNPC
Source: Twitter

The plants, which are located in Port Harcourt, Kaduna and Warri, have a combined installed capacity of 445,000 barrels per day but have been in a state of disrepair for many years.

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Here are other wages of other refineries. (wages, salaries and allowances, redundancy and pension costs)

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Kaduna

N26.02bn in 2020 from N34.52bn in the previous year.

Port Harcourt

N22.55bn, up from N18.62bn a year earlier.

Warri refinery

Dropped to N20.51bn last year from N30.86bn in 2019.

Cooking gas: NNPC lists 9 reasons for hike in price, proffers solution

Meanwhile, while speaking on the cause of the hike in the price of cooking gas, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, says the challenges in sourcing adequate supply of cooking gas has led to the increase in prices of the commodity.

Legit.ng gathered that Kyari disclosed this during a working visit to the headquarters of the Department of Petroleum Resources (DPR) in Abuja on Tuesday, September 7.

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President Buhari refuses to make NNPC his personal ATM card

Meanwhile, Legit.ng had previously reported that Femi Adesina, a media aide of President Muhammadu Buhari revealed what was responsible for the N287 billion net profit announced by the NNPC.

It was reported that Adesina in an article shared on his Facebook post on Thursday, September 2, explained that the massive economic feat came about because his principal has refused to make the corporation his personal Automated Teller Machine.

He added that the president who is also the minister for petroleum resources is the first leader in the history of Nigeria and the NNPC who has refused to make the agency his means of accumulating riches.

Source: Legit

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