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HomeNewsAmid revenue challenges Nigeria doles out N136 Billion to...

Amid revenue challenges Nigeria doles out N136 Billion to keep idle refinery workers

CEO of NNPC, Mele Kyari flanked in the middle: The Government of Nigeria spent a whopping N136 billion as salaries and other emoluments of workers at the three moribund refineries in Port Harcourt, Warri and Kaduna, even as the refineries remain shut down.

The Government of Nigeria spent a whopping N136 billion as salaries and other emoluments of workers at the three moribund refineries in Port Harcourt, Warri and Kaduna, even as the refineries remain shut down.

According to the NNPC, it has budgeted about $3 billion for the upgrade of the three refineries since 2021.

There are about 1,701 workers at the three refineries, most of whom are idle since the refineries were shut down.

Nigeria’s 445,000-capacity refineries have been shut down for more than two years.

Government had set aside $1.5 billion for rehabilitation of the Port Harcourt refinery and $1.4 billion for those of Warri and Kaduna.

According to Punch, the refinery workers earned bout N69 billion despite generating nothing in 2021.

The operational deficit for January 2021 was N5,371 billion, N6,879 billion loss for February, N3,866 billion in March, N3,544 billion in April and N5,243 billion in May, N3,753 billion in June and N3, and 752 billion in July and N3,819 billion in August of the same year.

BuyAfriQue – facilitating intra-Africa trade and Africa’s export: NNPC spends N68 billion paying salaries and other expenses at the obsolete refineries every year.

NNPC spends N68 billion paying salaries and other expenses at the obsolete refineries every year.

The NNPC had 7,338 staff, 1,701 of which work at the refineries in Nigeria. 660 staff of the organisation, representing 8.99 per cent of the firm’s total workforce, are at the Kaduna refinery, 506 people work at the Port-Harcourt refinery and 437 workers at the Warri refinery.

President Muhammdu Buhari on Tuesday, 19 July 2022, officially unveiled the new status of the Nigerian National Petroleum Company Limited (NNPC) as a fully Limited Liability Company.

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