Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,191,603 members, 7,944,787 topics. Date: Tuesday, 10 September 2024 at 02:58 AM |
Nairaland Forum / Nairaland / General / Politics / NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion (15746 Views)
Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn / NNPC: Refineries Gulped ₦81.41 Billion, Refined Zero Crude For 8 Months / FG Seeks Senate Permission To Pay Kogi State N10.69 Billion (2) (3) (4)
(1) (2) (3) (4) (5) (Reply) (Go Down)
NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by Ademola47(m): 6:58am On Sep 12, 2021 |
NNPC refineries generate zero revenue, pay workers N69bn https://punchng.com/nnpc-refineries-generate-zero-revenue-pay-workers-n69bn/?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook#Echobox=1631420806 1 Like 1 Share
|
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by BeardedMeat(m): 7:10am On Sep 12, 2021 |
It's the normal ATM stuff. Nnpc is the northern ATM. 90 Likes 4 Shares |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by APCNig: 7:12am On Sep 12, 2021 |
Buhari's lifetime achievement. 38 Likes 1 Share |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by Nobody: 7:13am On Sep 12, 2021 |
The refineries don't work because for years they have been forced to work at a loss....so that Nigerians can get cheap fuel As for payment....Government does not pay NNPC workers from the profit of their refineries...it is from allocation to NNPC. i DON'T like Atiku, but there is a good reason why he called for NNPC to be privatised. 77 Likes 3 Shares |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by Nobody: 7:14am On Sep 12, 2021 |
BeardedMeat: Considering a lot of Southerners and middle belters work at NNPC, including the refinereis, I doubt NNPC is solely a Northern ATM 17 Likes 2 Shares |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by westfield: 7:15am On Sep 12, 2021 |
Ok |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by thundafire: 7:15am On Sep 12, 2021 |
Just because some greedy elite refuse t9 make country work 1 Like |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by Moving4: 7:15am On Sep 12, 2021 |
Waste of funds everywhere |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by Qtrpst4: 7:15am On Sep 12, 2021 |
And to know that buhari is the minister of petroleum, one would think that the integrity crooner will do things differently but alas, he did worse. For people that don't understand economics, can someone explain how you make profit without a single sale from an assets? Like someone said it is the northern ATM machine. E no go last forever 13 Likes 2 Shares |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by Qtrpst4: 7:15am On Sep 12, 2021 |
So you want to hold the ordinary Nigerians looking for their daily bread responsible for this mess called NNPC, who and who constitute the board that really makes the decisions in NNPC, are they not northerners? Are they not to be held responsible? When they packed people that do not know anything about the job into the decision making position because they have father, uncle and relations in government how do you blame ordinary Nigerians for that? Modrov: 30 Likes 3 Shares |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by ebuk4real(m): 7:16am On Sep 12, 2021 |
In any functional society, medals given to an individual or an agency are always earned, never dashed. Just last time, the nnpc announced a humungous profit made over a period of years, and now this(that's if sane people even believed them). One then wonders how we continue to overlook important and dicey issues in this part of the world. Can we just unbundle this nnpc please and deregulate this sector to allow people with the wherewithal to run it? Government meddlesomenes has killed and buried this nnpc 8 Likes 1 Share |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by ucheemmadu18(m): 7:16am On Sep 12, 2021 |
NNPC staffs ticket no dey ever cut. 13 Likes
|
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by Dreamhighnow(m): 7:16am On Sep 12, 2021 |
Sai Baba my ass lol. They have ran this country dried 12 Likes 1 Share |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by Nobody: 7:16am On Sep 12, 2021 |
APCNig: Considering that the refineries were already not producing at 2011....LONG before Buhari took over..... Also, it is Buhari's fault too. He should have removed subsidies, allowed NNPC to be privatized, and cut FG allocations to NNPC, so that NNPC lives off its profits...meaning the refineries would be working in months...because if they weren't NNPC loses. But because he promised Nigerians N40 fuel, he won't do it. Likewise all his predecessors. They know. But they don't want the polticial fallout of high pump prices. 7 Likes 1 Share |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by assent: 7:17am On Sep 12, 2021 |
Mannabbgrills of the double standard, won't you say Sai Baba to this one also. Even if Buhari robs you and give your patrimony to his son, you will still shout Sai Baba. Education isn't ability to write English and use colourful posts; it is ability to use the brain. 11 Likes 1 Share |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by kingzjay(m): 7:17am On Sep 12, 2021 |
I just remembered who's the Minister of Petroleum. This is Nigeria indeed, where a country can't build one functional refinery yet buying shares in a private refinery. This is Nigeria 9 Likes |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by Enormous81: 7:17am On Sep 12, 2021 |
What a waste |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by Nobody: 7:18am On Sep 12, 2021 |
Qtrpst4: For Watson, Willhemina, and Wart and Why, and where, and worry.... |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by Seniorwriter(m): 7:18am On Sep 12, 2021 |
This is Nigeria...in Falz voice! This is why: WE NEED YOUNG VISIONARY LEADERS IN ALL LEADERSHIP POSITIONS IN NIGERIA COME 2023! Modrov:Stop been stereotype....that's not the only way....The first step is to have both private & government owned working Refineries Modrov:You are still stereotype!....Let me ask a simple question "how much is the refinery owned by benin republic" also "how much will it cost to build a new simple compact refinery in Nigeria?". @SENIORWRITER 6 Likes 2 Shares |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by Nobody: 7:19am On Sep 12, 2021 |
The only way for the refienreis to work is simple. Let marketers control the price of fuel...not the government. And privatize NNPC. Sure, we would pay for fuel at N300 per liter or higher, but in return..THERE would be enough money to fix refineries, enough money to make them work. And NNPC won't dare let the refineries run down because as a result...they would lose profits if they do. And we would get more and more people investing in refineries.because NOW it is profitable to refine at home , rather than import. Finally, we would stop the illegal smuggling of our subsidized fuel abroad. |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by Kezifils(m): 7:19am On Sep 12, 2021 |
Naija my country, all these wasted funds could have been channelled towards reviving the refinery but no, they prefer to be paying ghost workers and keep importing. What a nation 3 Likes |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by saferoom: 7:20am On Sep 12, 2021 |
Jesus is Lord! One reason why I voted Atiku in 2019 was because he planned to sell off the REFINERIES to those who will make them work. Second and the main reason was because Peter Obi a technocrat was on the ticket. 8 Likes |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by otomatic(m): 7:20am On Sep 12, 2021 |
Sell the damn things. These are cost centres just existing to drain the country's meagre resources. Imagine spending billions on a venture that has been unproductive for years. No business will tolerate that and government shouldn't too. 2 Likes |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by ecolime(m): 7:21am On Sep 12, 2021 |
Refineries that should have been sold off long time ago. Nigerian government can't run businesses on behalf of the state. We are too corrupt for that. I have always agreed with Atiku on this full privatisation thing all along. 6 Likes 1 Share |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by Pavore9: 7:21am On Sep 12, 2021 |
Endless pit. 1 Like |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by Jostoman: 7:23am On Sep 12, 2021 |
The corruption that is going in that NNPC no be small o 4 Likes |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by babajero(m): 7:23am On Sep 12, 2021 |
The minister of petroleum is as useless as the president. Oh I am sorry I forgot it is the same person. 6 Likes |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by holyDaniel: 7:23am On Sep 12, 2021 |
Make they just auction this country called Nigeria. Make every body find him way go forest. 1 Like |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by assent: 7:24am On Sep 12, 2021 |
Modrov: I doubt if sirjamo will have enough dignity to agree that he goofed by calling Atiku a fraud for asking that thr NNPC be privatised. There is honor among thieves, but is like sirjamo is below the level of thieves. 6 Likes |
Re: NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion by Femmyfestus: 7:24am On Sep 12, 2021 |
Modrov:See them. A youth o. "Sure, we would pay for fuel at N300 per liter or higher" 2 Likes 1 Share |
Blasphemy: Security Operatives, Religious Leaders Meet In Borno / We’re Ready To Tap Into Tinubu’s Proposed Cassava, Maize Economy - Farmers / DSS Grills NNPC Director 11 Times Over Swap Deals
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 40 |