A cross-section of Nigerians have taken to social media to react to documents released by the Nigerian National Petroleum Commission showing the financial figures of the Kaduna refinery in 2018.
The documents disclosed that the Kaduna refinery made zero revenue in 2018 despite incurring a total cost of N64 billion.
The documents are part of the financial details published by the NNPC on its website on Sunday
The statements showed that the corporation’s three refineries reported a combined loss of N154 billion with the Kaduna refinery recording zero revenue for that year.
The disclosure has led to lots of reactions on twitter with many calling for privatisation of the country’s refineries.
See some reactions below:
The NNPC has always and will remain a cesspit of the worst kind of corruption you will find any where in the world. That under BOO-hari, the corporation has gone ahead to explore for oil in the North & build hospitals when it can't build refineries tells the entire sordid story.
— Charles the 1st (@9jaBloke) June 15, 2020
If you want yo know what failure is, try compare NNPC to Saudi Aramco. Check generated revenues from inception in both corporations,see transparency in accountability and efficient delivery of services. Then you'll know the decadent gravity of corruption in a struggling economy.
— Phosz (@Olufemi_Ak) June 15, 2020
https://twitter.com/PeterCross001/status/1272450051646853120
https://twitter.com/Princemudi_/status/1272464223763906560
https://twitter.com/seunonigbinde/status/1272243772047405058
Kaduna refinery made zero naira revenue with a N6Rbn expenditure in 2018.
Atiku was clear that privatizing NNPC was the right approach in checking NNPC wastage.
The idea of paying NNPC staff salary with zero naira revenue generation is subjugating Nigeria to perpetual penury.
— Ofuji Peter Obi (@MistaChika) June 14, 2020
Atiku warned sha., But Nigerians love socialism too much, we acted like we own NNPC.
NNPC is a complete waste, just NITEL that has refused to die
The 64 Billion wasted to produce nothing won't end anytime soon
People that thought searching for Oil in the North was a good idea.
— William (@_SirWilliam_) June 14, 2020
