Posted by In recent days, the former governor of Anambra, the former head of Kaduna, and the former emir of Kano all asked the federal government to privatize the government entity.
A group that said the national oil company is now a burden instead of an asset for economic growth and development liked their idea.
The CNPP said that the comments from experts have once again brought up questions about “corruption and manipulation of numbers” by the NNPC.
Willy Ezugwu, the Secretary General of the CNPP, said in a statement, “When President Muhammadu Buhari appointed the current management of the NNPC Limited, he renamed and finally made corruption a part of the oil sector.” This is what Ezugwu meant.
Ezugwu said that the NNPC was making “questionable annual profit declarations” to hide things from Nigerians and the President, who is the Minister of Petroleum Resources.
He said that in the past week, three well-known people who should know have questioned the company’s future and the leadership’s skills.
Ezugwu pointed out that the Labour Party (LP) candidate for president often criticized the management and asked them to leave their jobs.
El-Rufai also said that even though Group CEO Mele Kyari was doing his best, the company had failed and had no business being in the sector.
“NNPC says that all of the oil money has been spent on subsidies. I don’t believe that. The only change to NNPC is that it now ends in “L,” which stands for “limited.” “They are still reporting profits, but we aren’t getting any dividends,” Ezugwu said the governor said.
At the Kaduna Investment Promotion Agency summit, Sanusi, a former governor of the Central Bank of Nigeria (CBN), said that every day, NNPC Limited was putting out fuel consumption numbers that were hard to believe.
“On paper, we were importing 40 million litres per day in the year 2019. In 2022, the official number is 66 million a day. In three years, we’ve used 50% more gas than we did before.
“Tell me, is it the number of people? Is it how many cars there are? Just ask yourself if it makes sense to double the amount of gasoline you use in three years. Are we drinking petrol?” He queried.
The CNPP reminded President Buhari that it had recently told him that NNPC Limited should be run by people from the private sector.
Ezugwu wondered how long Nigerians would have to put up with “the manipulated numbers from the NNPC year after year.”
The statement said that NNPC made N674 billion after taxes for the year 2021, even though the amount of money spent on subsidies keeps going up and up.
Noting that Obi, El-Rufai, and Sanusi have cleared the group, the CNPP repeated its call for the current NNPC management team and board to be fired so that the economy doesn’t fall apart completely.