Post by Henry Emeka (@Emekus)

Nigeria is rich in oil and gas — where is the money?
Corruption and mismanagement multiple audits and investigations have documented unremitted revenues and governance issues.

Nigeria is indeed one of Africa’s largest oil producers, but several factors limit how much of that wealth translates into public benefit

NNPC was established on April 1, 1977, through a merger of the Nigerian National Oil Corporation and the Ministry of Petroleum Resources.

How many Nigerians NNPC employs
NNPC reports a workforce of over 80,000 employees.
Other sources describe it broadly as above 1,000 employees, but the official NNPC site states 80+ total workforce,” which appears to refer to thousands rather than literal double digits
Fuel importation: Nigeria exports crude but imports petrol, losing value in the process.

Refinery failures refineries in Warri, Kaduna, and Port Harcourt have been largely non‑operational for decades.

Oil theft and pipeline vandalism billions of dollars in losses have been reported over the years.
Debt and subsidy costs fuel subsidies consumed trillions of naira over the years, limiting funds for infrastructure, education, and healthcare.

https://en.wikipedia.org/wiki/NNPC?utm_source=copilot.com


https://www.legit.ng/business-economy/energy/1708003-nnpc-hikes-petrol-prices-filling-stations-updates-costs-lagos-abuja/?utm_source=c

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