Nigerian Petroleum Company, NNPC Has Assets Worth Over N60billion But Keeps Making Huge Losses — Presidency | Sahara Reporters

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Femi Adesina, the Special Adviser to President Muhammadu Buhari, has said that despite having assets that are worth over N60billion, the Nigerian National Petroleum Corporation (NNPC) keeps making huge losses every fiscal year. Adesina mentioned this via an article titled, “I saw the old NNPC die” justifying how the changing of the company to a liability company by the Buhari Government would enhance the productivity and revenue generation of the company.

Nigerian Petroleum Company, NNPC Has Assets Worth Over N60billion But Keeps Making Huge Losses — PresidencyAdesina mentioned this via an article titled, “I saw the old NNPC die” justifying how the changing of the company to a liability company by the Buhari Government would enhance the productivity and revenue generation of the company.

Adesina mentioned this via an article titled, “I saw the old NNPC die” justifying how the changing of the company to a liability company by the Buhari Government would enhance the productivity and revenue generation of the company. “What did the event mean, in simple English. NNPC was completing its transmutation from a Corporation to a Limited Company, as required by the Petroleum Industry Act . The Nigeria National Petroleum Corporation that we had known since 1977 was evanescing, dying, and transmogrifying into Nigeria National Petroleum Company Limited.

 

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N60billion or $60billion?

Main reason, I supported Atiku on the selling of NNPC.. Sell it off, and use the proceeds in funding other cogent infrastructure in all the geopolitical zones of the country

Nonsense

Well what you expect ? Na buhari be minister for petroleum If no be fraud and ojukokoro

Shutdown nnpc and sell of it's assets. Deregulate the industry so that anyone with capital can have access to it and watch effective competition and free market work it's magic.

They should audit the staff and Thier qualifications...

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