Nigeria

Nigerians Fume As NNPC Documents Reveal Kaduna Refinery Spent N64bn In 2018 With Zero Revenue

Refineries across the country recorded N154 billion loss in 2018
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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 in 2018.

Nigerians Fume As NNPC Documents Reveal Kaduna Refinery Spent N64bn In 2018 With Zero Revenue
Nigerians Fume As Documents Reveal Kaduna Refinery Spent N64bn In 2018 With Zero Revenue

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:

 

Adelowo Adegboyega
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