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Nairaland Forum / Nairaland / General / Politics / NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 (5486 Views)
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NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by Racoon(m): 10:34am On Nov 09, 2021 |
The Nigerian National Petroleum Corporation (NNPC) says it recorded a revenue deficit of N1.29 trillion from January to September this year. This is according to NNPC’s September presentation to the Federation Account Allocation Committee (FAAC). https://www.thecable.ng/nnpc-records-n1-29trn-revenue-deficit-in-9-months Lalasticlala
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Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by treesun: 10:43am On Nov 09, 2021 |
Racoon: This NNPC who has become road contractors. What a failed nation with misplaced priorities. Is it not same NNPC that declared surplus in the year of pandemic? 13 Likes |
Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by Racoon(m): 10:45am On Nov 09, 2021 |
...Nasir el Rufai, has said Nigeria must do away with its “corrupt” oil company, the Nigerian National Petroleum Corporation, NNPC, or stand the risk of itself being destroyed.“If you don’t kill the NNPC, it will kill Nigeria,”https://www.premiumtimesng.com/news/headlines/186622-nigeria-must-kill-nnpc-el-rufai.html The chronicle of those who managed the most corrupt government-controlled agency ever seen in the annals of this nation.NNPC autonomy have made it translate to a cesspool of putrifying corruption with each successive government. 1 Like 1 Share |
Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by Racoon(m): 10:47am On Nov 09, 2021 |
In September, the NNPC paid 149.28 billion, amounting to N864.07 billion as fuel subsidy payments in nine months.Same subsidy or subsidy under-recovery that they claimed it was corruption that they have repeatedly removed? A bunch of fantastically corrupt criminals are in govt. 1 Like |
Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by JavaScript90: 10:54am On Nov 09, 2021 |
have nnpc ever made profit in this life? 7 Likes |
Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by Leverage2021: 10:57am On Nov 09, 2021 |
Zombies come defend o Our darling daddy used it to buy trains that generates #1b and swallows #48b maintenance 6 Likes |
Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by DropsMic(m): 11:34am On Nov 09, 2021 |
Lol |
Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by Teewhy2: 11:34am On Nov 09, 2021 |
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Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by chloride6: 11:34am On Nov 09, 2021 |
Chai... |
Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by ZendayaColeman(f): 11:34am On Nov 09, 2021 |
Person go just dey use ear hear billions billions everyday without benefiting from the billions. It's so so disheartening 1 Like |
Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by Boogyman557: 11:35am On Nov 09, 2021 |
HOLLY GRAM REAL MATTERS. WTF MAN |
Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by FarahAideed: 11:37am On Nov 09, 2021 |
Buhari is just looting the NNPC silly 1 Like 1 Share |
Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by sweetonugbu: 11:38am On Nov 09, 2021 |
No comment |
Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by Brushstrokes20: 11:40am On Nov 09, 2021 |
under the very nose of Mr FAKE INTEGRITY! The redundant coupist is a chronic and insatiable thief! 4 Likes |
Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by Penguin2: 11:44am On Nov 09, 2021 |
867billion naira paid out as subsidy in 9 months alone. I wonder if these claims are usually audited by independent auditors. Meanwhile this fuel subsidy issue is what we would have been done with for as far back as 2012 if not for Tinubu who mobilized his urchins to Ojota square to protest against that wonderful action that would have saved us from this mess. Tinubu has done this country shege all in the quest for power. But I curse him this day that that power he desperately seeks and has done dirty deeds and enter dangerous alliances for, will forever elude him till leaves this earth. Rubbish! 4 Likes
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Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by BrickDevo: 11:45am On Nov 09, 2021 |
Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by Anthony0094(m): 11:45am On Nov 09, 2021 |
V |
Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by OBAGADAFFI: 11:46am On Nov 09, 2021 |
What happened to NNPC 2020 profit. Too many lies. |
Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by starstaz(m): 11:49am On Nov 09, 2021 |
Calamity. No drop of oil refined. But can owe 1 Trillion. |
Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by SmartPolician: 11:51am On Nov 09, 2021 |
Idiots! They keep incurring huge losses and are busy constructing roads and hospitals! Who cursed black Africans? |
Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by SAMTOBIJU(m): 11:51am On Nov 09, 2021 |
You see this NNPC is one of our greatest problem in this country...it is the grand home of corruption....Am sure some of this so called subsidy payment will be going to some Oga pocket and some politicians go dey get monthly cut 1 Like |
Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by aremuforlife(m): 11:57am On Nov 09, 2021 |
treesun:How has that stopped fheir performance? NNPC is now incorporated, they can also benefit on tax cut to construct roads, I don't see anything bad in that, except if don't really understand what is happening |
Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by Nobody: 11:59am On Nov 09, 2021 |
That's because NNPC is running at a loss. In 2016, Buhari in essence forced NNPC to subsides fuel out of its own money. The deficit we see is the result of such a policy. The solution is simple. Remove the subsidy, allow the market control the price of fuel, and there would he huge profits to encourage refining fuel at home.NNPC would stop running at a loss. But Nigerians, since the 1990's have been opposed to removal of subsidy because ..... All in all, price controls are bad for any economy. P.S Daily trust of last week Thursday has a poster showing how subsides prevented NNPC from remitting 2.3 trillion naira to government. Very instructive. 1 Like |
Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by aremuforlife(m): 12:00pm On Nov 09, 2021 |
SAMTOBIJU:It had been like that for a while, let's hope it will change |
Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by Nobody: 12:06pm On Nov 09, 2021 |
FarahAideed: The same thing happened long before Buhari came around...and yes, I agree , there is some bubu chicanery in NNPC (and then there is 1978's missing cash) But the thing is, when you force a company...government owned or not...to be selling fuel at a loss...and one pays them a subsidy that does not cover the losses., and forces them to literally not maintain their refinereis properly to 'save money'...this is what you get. In Venezuela, the same thing has been happening in their oil industry. If government put price controls on your business, you would run deficits well well. As seen with NNPC and subsidy. 1 Like |
Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by SAMTOBIJU(m): 12:06pm On Nov 09, 2021 |
aremuforlife:Change....na change you call like that...no be that same change this present administration use deceive people...let me join your faith to believe it will change sha |
Re: NNPC Records ₦1.29 Trillion Revenue Deficit Under 9 Months In 2021 by Nobody: 12:09pm On Nov 09, 2021 |
Racoon: Because no one, and I repeat, no one, wants subsidy gone. Even GEJ when he tried to remove it, some of his loyal supporters thought he was mad. The honest truth is that subsidy, and all the corruption therein , remains because Nigerians want cheap fuel. in FACT, IF buhari decides to spend more on subsidy, and cut fuel prices to N20 PER LITER as a result, people would hail him as the greatest leader in Nigerian histroy (despite his poorly performing government). If government removed subsidy truthfully in 2016, instead of the lies they told...by now, fuel would be above N400 per liter. That's poltically expensive, and that's why APC , nor PDP, nor any other party wants subsidy to go. |
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