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Repeating same over and again will always bring same result. It is time @NNPCgroup is opened up for proper management. #NNPCBadDebts
Ain't we tired of hearing govt say things like "50 Billion Naira was spent on refineries"? Refineries that are not functional.
#NNPCBadDebts
βGenerally, NNPC is poorly run, and its supply chain management is one of the most terrible in the world; it is old-fashioned and not driven by technology.β
#NNPCBadDebts
βIf NNPC does not even know the amount of oil leaving Nigeria, how would the state-owned oil firm be able to audit the supply of crude and gas and collect appropriate revenue?" #NNPCBadDebts
Let us not talk about the impact of NNPCβs financial performance on Nigeriaβs revenue and economy. #NNPCBadDebts
Imagine how much weβre losing annually, Just to keep non working refineries working #NNPCBadDebts
While the Nigerian government is scrambling to finance its budget, a whooping β¦1.45 trillion could lead to another case of bad debt for the Nigerian National Petroleum Corporation (NNPC). #NNPCBadDebts
While the Nigerian government is scrambling to finance its budget, a whooping β¦1.45 trillion could lead to another case of bad debt for the Nigerian National Petroleum Corporation (NNPC).
#NNPCBadDebts
7NAPIMS534.8
8Kaduna refinery470.08
9IDS Limited60.62
10Duke Oil DMCC0.673 (AED 6.5m)
11Duke Oil UK9.95
12Duke Global Energy0.777 (Β£1.5m)
Totalβ¦1,451.9
#NNPCBadDebts
We ask the NNPC to establish guidelines and give an orientation to Board, staff and subsidiaries on compliance with the Open Government Policy.
#NNPCBadDebts
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It's important that we build strong institutions to foster more efficiency than empower individuals and perpetuate corruption. #NNPCBadDebts
The issue of governance affects so much what the NNPC AFS looks like. There is need to severe the close bond btw the NNPC GMD and Presidency to make the corporation more accountable - Thomas Ukoyor
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To reverse the trend of the massive losses recorded by corporation and some of its subsidiaries annually, The Federal government needs to reform NNPC #NNPCBadDebts
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