L
LequteMan
Guest
Nigeria - President of the National Union of Petroleum and Natural Gas workers (NUPENG) Comrade Achese Igwe, has said that the NNPC is the major standing block for deregulation of Nigeria's oil sector.
According to Daily Independent, he blamed the past and present leaders for the endemic corruption in the downstream nation’s sector, adding the Nigerian National Petroleum Corporation (NNPC), direct involvement in the importation of refined petroleum products is resulting in major leakages of revenue to the nation and creating jobs for the exporting nations in the face of unemployment challenges in Nigeria
He said: “Today, NNPC is the highest importer of refined petroleum products in Nigeria. The same NNPC is responsible for optimal functioning of the four refineries. NNPC also championed the N3/litre payment to depot owners for storage (Thru’put arrangement) and will direct marketers to depots where they will load fuel.
“What happened to NNPC depots across the country? Nigerians should look beyond N200billion debt which included debt, accrued interest and foreign exchange differentials. Scarcity will continue until we begin to refine domestically and shun importation of products,” he said.
#NNPC #Nigeria
According to Daily Independent, he blamed the past and present leaders for the endemic corruption in the downstream nation’s sector, adding the Nigerian National Petroleum Corporation (NNPC), direct involvement in the importation of refined petroleum products is resulting in major leakages of revenue to the nation and creating jobs for the exporting nations in the face of unemployment challenges in Nigeria
He said: “Today, NNPC is the highest importer of refined petroleum products in Nigeria. The same NNPC is responsible for optimal functioning of the four refineries. NNPC also championed the N3/litre payment to depot owners for storage (Thru’put arrangement) and will direct marketers to depots where they will load fuel.
“What happened to NNPC depots across the country? Nigerians should look beyond N200billion debt which included debt, accrued interest and foreign exchange differentials. Scarcity will continue until we begin to refine domestically and shun importation of products,” he said.
#NNPC #Nigeria
