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Nairaland Forum / Nairaland / General / Politics / Atedo Peterside: PH Refinery Generated Zero Revenue In 2019 Incurred N47bn Debt (283 Views)
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Atedo Peterside: PH Refinery Generated Zero Revenue In 2019 Incurred N47bn Debt by Racoon(m): 12:47pm On Mar 29, 2021 |
Atedo Peterside, founder of Stanbic IBTC and Anap Foundation, says the Port Harcourt refinery in Rivers state generated no revenue in 2019.Peterside said the refinery incurred processing and administrative costs of N47 billion during the same period.https://www.thecable.ng/atedo-peterside-port-harcourt-refinery-generated-zero-revenue-in-2019-yet-incurred-n47bn-expenses
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Re: Atedo Peterside: PH Refinery Generated Zero Revenue In 2019 Incurred N47bn Debt by donbachi(m): 12:50pm On Mar 29, 2021 |
The beginning and the end of witchcraft...na here i see am. |
Re: Atedo Peterside: PH Refinery Generated Zero Revenue In 2019 Incurred N47bn Debt by Racoon(m): 12:50pm On Mar 29, 2021 |
“In 2019, PH Refinery contributed zero revenue, but incurred costs of N47bn; almost N4bn a month!, ” the tweet read.Instead of ending this nightmare through a #BPE core investor sale, NNPC wants to enmesh Nigeria into a deeper financial mess by throwing $1.5bn (incl. debt) at a problem it created?”Look @ the super-looters ripping Nigeria @ by force.This is a deliberate corruption under the watch of mr integrity. |
Re: Atedo Peterside: PH Refinery Generated Zero Revenue In 2019 Incurred N47bn Debt by dynicks(m): 12:52pm On Mar 29, 2021 |
CORRUPTION AND NIGERIAN LEADERS BE LIKE...."HOLD UNTOP ME BROTHER; AND I PROMISE NEVER TO LEAVE YOUR SIDE"
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Re: Atedo Peterside: PH Refinery Generated Zero Revenue In 2019 Incurred N47bn Debt by Racoon(m): 12:53pm On Mar 29, 2021 |
"The government-owned refineries, being run by the Nigerian National Petroleum Corporation, reported a total loss of N778.71bn from 2015 to 2019, an analysis of data collated from their financial statements has shown.The refineries generated total revenue of N21.12bn in the five-year period as they operated at below their full capacities..."https://m.punchng.com/Business/FG-refineries-earn-N21bn-lose-N778bn-in-five-years Same PH refinery the NNPC wants to revamp and then privatize? Imagine the wastage in the afore above report and then this recent one again the imagine the kind of corruption actively ongoing. |
Re: Atedo Peterside: PH Refinery Generated Zero Revenue In 2019 Incurred N47bn Debt by yemmight(m): 12:58pm On Mar 29, 2021 |
Nigeria my country. |
Re: Atedo Peterside: PH Refinery Generated Zero Revenue In 2019 Incurred N47bn Debt by 9jatriot(m): 1:01pm On Mar 29, 2021 |
If FG decides to sell this same refinery now, there will be an outcry asking why sell PH refinery when Kaduna one is not sold etc. Nigeria matter eh, I don't know who can solve it. 1 Like 2 Shares |
Re: Atedo Peterside: PH Refinery Generated Zero Revenue In 2019 Incurred N47bn Debt by longetivity(m): 1:08pm On Mar 29, 2021 |
Buhari is fighting corruption |
Re: Atedo Peterside: PH Refinery Generated Zero Revenue In 2019 Incurred N47bn Debt by Liposure: 2:45pm On Mar 29, 2021 |
Why not privatize these refineries and save us the frivolities. |
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