Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial - Politics (4) - Nairaland
Nairaland Forum › Nairaland General › Politics › Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial (16725 Views)
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by AmalaAtiEwedu: 8:36pm On Sep 03, 2024 |
BeardedmeatR:Your cup of coffee to the carry painment for head . how far with erosion control? ![]() |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by BeardedmeatR(m): 8:41pm On Sep 03, 2024 |
AmalaAtiEwedu:Ask them in ogun state if you know where it is. https://www.vanguardngr.com/2023/12/save-us-from-looming-disaster-8-ogun-communities-appeal-to-govt/amp/ |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by Faposky95: 8:41pm On Sep 03, 2024 |
Neduzoma123456:ot was never your protest in tge first place.... wat do you think has been conspiring behind closed doors btw NLC and President...? na one chance we really enter...... the president like other things he has shown a mastery for which is deception actually staged the protests. until the seed falls south, we have yo keep this absurd balancing act..... |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by AmalaAtiEwedu: 8:42pm On Sep 03, 2024 |
BeardedmeatR:what about sit at home? ![]() |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by Ilekokonit: 8:43pm On Sep 03, 2024 |
It is absurd that a company that declared a net profit of N3.29 trillion for the year ended in December 2023 – an increase of over N700 billion or 28 per cent over the 2022 profit of N2.54 trillion – is indebted by $6.8 billion to international oil traders.False Accounting will thrive when such a big entity as NNPC is not required to undergo the rigors of an Annual Audit which is an independent examination and expression of opinion or a Companies financial statements. With no such scrutiny and successive irresponsible and unpatriotic Presidents who benefit from such lack of audit scrutiny willing to turn a blind eye, then anything goes. |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by Charly68: 8:59pm On Sep 03, 2024 |
He won't sell it because it is their cash cow |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by BeardedmeatR(m): 9:01pm On Sep 03, 2024 |
AmalaAtiEwedu:What about skull mining? |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by seunayantokun(m): 9:09pm On Sep 03, 2024 |
NNPC must be made history now. |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by chukwuoke(m): 9:16pm On Sep 03, 2024 |
Bobloco:I don't have time to read the post but the caption. Not only selling the NNPC but jail every body heading a department in it. |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by condralbedez: 9:18pm On Sep 03, 2024 |
[quote author=TemplarLandry post=131829759] [/quote) no song to dedicate to Mr President. It seems like you no see fuel buy oh ![]() |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by AmalaAtiEwedu: 9:20pm On Sep 03, 2024 |
BeardedmeatR:Baby factory development ![]() Importer Exporter, Mkpurummiri and Cocaine Ltd ![]() |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by BeardedmeatR(m): 9:23pm On Sep 03, 2024 |
AmalaAtiEwedu:You are free to insult Thinubu all you like, he deserves it. |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by mankan2k7(m): 9:23pm On Sep 03, 2024 |
Thunder fires nnpc |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by AmalaAtiEwedu: 9:26pm On Sep 03, 2024 |
BeardedmeatR:God bless General Yakubu Gowon. You suppose the worship that man. pray to him every morning before you start your day. ![]() |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by Elidrisy20: 9:31pm On Sep 03, 2024 |
Mele has turned NNPC into failure |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by maxiuc(m): 9:47pm On Sep 03, 2024 |
NNPC that has sold by proxy since Tinubu came |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by IJEYdiamond(f): 9:50pm On Sep 03, 2024 |
He has bought NNpcl.... After... they gave themselves order that they have to be sole distributor of pms from dangote refinery... Who is incharge of the downstream... no be balablue and company.... I believe na d condition them give dangote... since his brother abi cousin imported pms from Tinubu refinery in Malta.. God help this country called Nigeria.. More we cry... the more they do.... the End awaits.. |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by lawani(m): 9:54pm On Sep 03, 2024 |
Fujiyama:I am not saying Norway has done badly. I in fact commended them but Norway's actual consumption and hence economy can not be all that larger than Osun state but that is a discussion for another thread. Norway is a good example of how an oil rich country can be run well |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by darediamond(m): 10:22pm On Sep 03, 2024 |
CyrusVI:He is talking fact! Can't you see the Handwriting of gradually evolving Protest on the wall? And you are not an Indomie generation person oo.. |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by Dminister(m): 10:22pm On Sep 03, 2024 |
Since when they discovered there is some much money in NNPC after the minister of petroleum corrupt practices leaked out politicians decided to head NNPC by themselves so that they could also loot like Allison madueke |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by Neoteny(m): 11:10pm On Sep 03, 2024 |
lazkizz:The way you people advocate violent end to your own country makes one wonder whether you're nihilists, or simply idiots. |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by Neoteny(m): 11:22pm On Sep 03, 2024 |
Standing5:It seems you read the article upside down or backwards....or both. People running NNPC are political appointees beholden to their patrons. They dance to the tune of whoever appointed them. In about 25 years of so-called democracy, northerners were in power for 11 years (Yar'Adua shouldn't even really count) while the south held sway for 14. So for more than half the period, southerners had full control of the entire national petroleum industry. |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by Fujiyama: 11:33pm On Sep 03, 2024 |
lawani:^^^ ![]() It is much larger than Osun oooo. Much, much larger. On a per capita basis for nearly every development index, Nigeria can't compete with Norway. And if Nigeria can't compete, who is Osun? ![]() Norway is an OECD country. That should tell you all you need to know. lawani:^^^ On this we are in full agreement. |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by aimmoney9: 11:36pm On Sep 03, 2024 |
NNPC has been sold since 2022....... ![]() NNPC is NNPCL since, it is a limited liability company............. ![]() |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by lawani(m): 12:19am On Sep 04, 2024 |
Fujiyama:We know what people consume inside any economy. Food, homes, automobiles, shoes, clothes, services etc. I believe Norway can not consume three times what Osun consumes |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by kelly72: 12:33am On Sep 04, 2024 |
As if they don't know that NNPC already belongs to OANDP which belongs to the man they are asking to sell NNPC. Maybe the article is designed to make things look like it is okay for a president to sell a national asset to his family company. |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by NairalandDJ2738: 1:00am On Sep 04, 2024 |
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| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by MarketDispatch: 4:26am On Sep 04, 2024 |
Bobloco:Tinubu must not Sell NNPC. ... NNPC is not the problem....it is the people in NNPC ... So Tinubu needs to fire the people that are ruining NNPC.. |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by Fujiyama: 5:18am On Sep 04, 2024*. Modified: 10:52am On Aug 14, 2025 |
lawani:^^^ True. And that's precisely my point. Norway is punching way, way above its weight on a per capita basis. It produces more than it consumes - and it sells the surplus to the rest of the world. Wetin remain to do again? Its public finances are strong. Its life expectancy rates are high. Its growth is export driven. It has consistently recorded trade surpluses. Its institutions are strong. And so on... Norway isn't perfect. It is a high cost country and of late, its productivity growth has been declining. Its export growth is also powered in part by oil - a finite, non-renewable resource. But it has managed its oil wealth in a way that puts profligate countries (we won't mention any names) to deep, everlasting shame. Norway's sovereign funds (from its oil and gas revenues) have become something like a long term financial force of nature...while one overpopulated West African country like that...is broke (completely broke) and heavily in debt. ![]() That West African country had it all. It had it all and pissed it all away. There's no coming back from that. |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by lawani(m): 5:30am On Sep 04, 2024*. Modified: 7:53am On Sep 04, 2024 |
Fujiyama:Norway does not need her oil to be a big exporter. Its fish is enough. I think Norway is second only to China in fishing. Norway is really a great country. It is not right to say she is depending on oil. Norway however is earning forex not very much above its weight because all countries earn forex. It is the quality of management that differs. |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by Fujiyama: 5:46am On Sep 04, 2024 |
lawani:^^^ You are missing the point I am trying to make. Norway is an industrialized country. It is an OECD member - one of the founding members in fact. It has one of the highest HDI numbers in the world. This is big league stuff that Osun state simply cannot participate in. But Norway also has oil and gas reserves - and she has managed the income from those oil exports very, very prudently (unlike one country like that). That's all I'm saying. If you go through my posts again, you'll see exactly what I'm saying. |
| Re: Scarcity: NNPC Constitutes Economic Danger, Sell It - Punch Editorial by dododawa1: 6:22am On Sep 04, 2024 |
China will buy NIGERIA ONE DAY. |
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The people in that country are largely poor, barely literate, poorly educated, poorly skilled and quite hungry. Many of them are in poor mental and physical health...and they don't even know it. They are very, very angry people and this anger routinely spills out in terrible bloodletting that would leave the average Norwegian speechless if he ever came across it. 