Post by Henry Emeka (@Emekus)

How can Nigerians find the profit of OB3 and similar projects?
Short answer as ordinary Nigerians we cannot accurately know the profit of OB3 alone right now.

Why:

No project-level accounts published:
NNPC and the government publish overall financials, not detailed profit-and-loss for each pipeline.

Gas revenue is bundled:
OB3 is part of a wider gas network. Revenue from gas sales, transmission tariffs, and exports are reported together, not pipeline by pipeline.

What is published:

Nigeria’s total public debt, not project profits, is tracked in detail by the Debt Management Office.

NNPC publishes consolidated profit, but not OB3 profit as a separate line.

So unless the government decides to publish transparent project-level audits, we’re left in the dark about exact profits.



https://www.dmo.gov.ng/debt-profile/total-public-debts?utm_source=copilot.com

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