The Nigerian National Petroleum Corporation (NNPC) has revealed how Nigeria’s three redundant refineries gulped a total of N5.86 billion in overhead expenses on zero products output in the month of December 2020 alone.

This expenditure eventually resulted in operating loss of N5.37 billion by the comatose refineries, the report stated.

A news report by Vanguard, said that the three refineries are those of Kaduna, Warri and Port Harcourt. The Federal Government has awarded contract for rehabilitation of Port Harcourt refinery at a cost of USD1.5 billion, a figure considered by most industry experts as outrageously high while condemning the high cost of maintaining the offices in the refineries with zero output over the years.

According to the NNPC report “in December 2020, NNPC lifted 7,538,735 barrels of crude oil from the daily allocation for domestic utilization translating to an average volume of 243,185 barrels of oil per day.”

READ MORE>>> https://businessandmaritimewestafrica.com/scandalous-how-nigerias-three-redundant-refineries-gulped-n5-4bn-in-one-month/

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Current Looters doing what they know best, for a short time at hand.

that's what you've got when hopeless people in government organizations keeps fraternizing to get the rewards of if you can't beat them you join them. enjoy it while it may last here on earth,but remember the flesh you're pampering with I'll gotten wealth will rotten in the grave one day.

NNPC and their refineries are sinkholes... No thanks to tribalism and nepotism.

So in this whole Nigeria no patriotic citizen can order 37 missiles, send one each to every governor's house and Ask rock. Gift them some explosions. Make country reset.