El-Rufai Calls For Scrapping Of The NNPC

El-Rufai Calls For Scrapping Of The NNPC

Governor Nasir El-Rufai of Kaduna state has suggested a revolutionary move to scrap the Nigerian National Petroleum Corporation (NNPC).

The governor expressed his position on the current state of things when he spoke on Monday, July 13, at the lecture held to mark Wole Soyinka's birthday, Vanguard reports.

El-Rufai lamented that the NNPC had over the years constituted itself as a parallel government, functioning in isolation from Nigeria. He further alleged that "death" of the corporation had become a compulsory measure.

"The long and short of the situation of our oil industry is best exemplified by the parallel government called the NNPC. In 2012, it sold N2.77 trillion of ‘domestic’ crude oil but paid only N1.66 trillion to the Federation Account.

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"In 2013, it earned N2.66 trillion but paid N1.56 trillion to FAAC, in 2014 N2.64 trillion but remitted N1.44 trillion, while between January and May 2015, it earned N733.36 billion and remitted only N473.2 billion.

"That means that the NNPC only remitted about 58 per cent of the monies earned between 2012 and the first half of 2015. A company with the audacity to retain 42 per cent of a country’s money has become a veritable parallel republic.

"If we do not kill NNPC, NNPC will kill; Nigeria. Any organization that takes 50 per cent of federation revenue for itself and gives you the change has no right to exist. It is evil, it must die, it is just the manner of the death that we must talk about."

Kaduna state has been in the news following the government's order to ban street begging and hawking. The state authorities explained that the decision was made following the recent bombing, which claimed scores of lives.

El-Rufai's media aide said:"The state government will not fold its arms and allowed citizens to be killed via terror act and break down of law and order hence the decision."

Source: Legit.ng

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Khadijah Thabit (Copyeditor) Khadijah Thabit is an editor with over 3 years of experience editing and managing contents such as articles, blogs, newsletters and social leads. She has a BA in English and Literary Studies from the University of Ibadan, Nigeria. Khadijah joined Legit.ng in September 2020 as a copyeditor and proofreader for the Human Interest, Current Affairs, Business, Sports and PR desks. As a grammar police, she develops her skills by reading novels and dictionaries. Email: khadeeejathabit@gmail.com

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