Omo, na serious gist we get for today o! NNPC, the oil giant wey dey carry Nigeria money for head, don land for wahala again. Dem report say as dem dey shine like diamond for profit, dem still dey owe heavy money wey fit make anybody sweat…
As e stand, NNPC don report profit of N5.4 trillion for 2024 after dem collect N45.1 trillion in revenue. E sweet as e be, but inside this celebration dey big wahala. Intra-company debts don rise like magic, jumped to N30.3 trillion, wey fit give anybody heart attack! E don increase from N17.78 trillion wey dem carry last year, and na this one dey show how serious bad governance dey affect dem.
As we dey yarn dis, Port Harcourt Refinery dey shine as the biggest debtor, owing N4.22 trillion. Kaduna Refinery no dey far behind as e dey owe N2.39 trillion, and Warri no wan carry last for dis table too with N2.06 trillion. NNPC Trading SA, now that one na wah! Dem dey owe a staggering N19.15 trillion. Omo, wetin be all dis? Na wetin dem dey run for?
The president, Bola Tinubu, fit dey feel say him dey help as him don write off $1.42 billion and N5.57 trillion for federation debts, but e dey clear say dis no go really solve the problem. Na like say dem dey cover the real matter under carpet; as e still dey remain N42.37 billion wey dem no clear from 2011 to 2017. E be like say na so dem go dey do dey go.
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