Having spent the better part of the last 24 hours studying these financial reports, I make these recommendations to the NNPC management, and it’s owner; The Federal Republic of Nigeria:

1. Collapse the KRPC, and use the salvageable parts where compatible to maintain WRPC
2. Should there be a sizeable discovery of petroleum in the Northern Part of Nigeria, build a new refinery on the NLNG model.
3. Sell at least 51% of PHRC to private companies that can run it efficiently.
4. Sell 49% of WRPC to private companies as well, and still maintain the “ego stroking” pride of having a national refineries.

https://investogist.com/nnpcs-loss-making-machines-called-refineries-krpc-phrc-and-wrpc/