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Feb 20, 2019 • 18 tweets • 9 min read
#Thread

NNPC sold 173.91 million barrels of crude oil in Q3 of 2018.

#FixOurOil
A total of $12.88 billion was made from the sale of crude oil in Q3 of 2018.

#FixOurOil
NPDC produced 11 million barrels of crude oil in Q3 of 2018.

#FixOurOil
NNPC lifted an average of 259,191.30 barrels of crude oil for domestic use in Q3 of 2018.

#FixOurOil
8.98% of the total gas produced in Q3 of 2018 was flared away.

#FixOurOil
There was a 251.31% decrease in crude oil processed by the refineries in Q3 of 2018 in comparison to Q3 of 2017.

#FixOurOil
The refineries had a combined capacity utilization of 2.61% in Q3 of 2018.

#FixOurOil
The refineries generated combined revenue of N23.89 billion in Q3 of 2018.

#FixOurOil
The refineries contributed only 27.81% of the total volume of kerosene supplied by NNPC in Q3 of 2018.

#FixOurOil
A total of 4.66 billion litres of white products was sold in Q3 of 2018.

#FixOurOil
The total revenue generated by PPMC in Q3 of 2018 amounted to N599.29 billion.

#FixOurOil
NNPC Group had a total financial performance of net profit of N10.82 billion in Q3 of 2018.

#FixOurOil
Only 19.72% of the total sales receipt from the dollar payment was remitted into the FAAC account in Q3 of 2018.

#FixOurOil
A total of 415 pipeline breaks were recorded in Q3 of 2018.

#FixOurOil
None of the refineries was in operation in September. What is going on with the revamping of the refineries?

#FixOurOil
There was no record of what was remitted to FAAC from the Naira payment in the September report.

#FixOurOil
There was a 38.31% increase in pipeline breaks in Q3 of 2018 in comparison to Q3 of 2017.

#FixOurOil
CORRECTION:

There was a 71.53% decrease in crude oil processed by the refineries in Q3of 2018 in comparison to Q3 of 2017.

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More from @BudgITng

BudgIT Nigeria Profile picture
Feb 21
THREAD

As we kick off the 2nd phase of #CTAP in 10 African Countries, here are 10 things to expect from BudgT & CODE in the next few months.👇
...

We will enhance the covidfund.africa platform with a digital dashboard that tracks health sector resources.

#Account4COVID Image
We will mobilise 1.7m Africans to demand health sector accountability, demystify issues regarding vaccine delivery to at least 850,000 Africans & organise capacity building sessions for over 100 CSOs on prioritising vulnerable communities regarding health sector advocacy.

#CTAP Image
We will also build an alliance with at least 1000 community leaders and cultural influencers, facilitate dialogue sessions between CSOs and the government and expand our communication bandwidth with the civil society and other sectoral partners, among others.

#Account4COVID Image
Read 5 tweets
BudgIT Nigeria Profile picture
Jan 17
BREAKING

BudgIT identifies 460 duplicated projects totalling N378bn and other corruption loopholes in the #2022budget.

BudgIT also raises alarm on the N67.8m allocated to the Ministry of Environment to “build gun armouries” in 4 states, a project outside its mandate.

Thread!
Our preliminary analysis of the 21,108 capital projects in the 2022 approved budget revealed 460 duplicated projects amounting to N378.9billion. Recall that BudgIT observed 316 duplicated projects in the 2021 FG Budget approved by @nassnigeria. @ICPC_PE verified 257 duplications,
while the Budget Office confirmed the existence of only 185 duplicated projects worth N20.13bn, after which it informed the public that funds were not released for the projects in 2021.
Read 16 tweets
BudgIT Nigeria Profile picture
Nov 29, 2021
FG missed its revenue target for the 6th time after earning N2.31tn from the projected sum of N3.31tn for H1 2021.

Of this amount, debt servicing wiped off N2.O2tn, leaving ONLY N290bn for non-debt recurrent expenses.

How did FG finance its salaries, overheads & CAPEX?

Thread!
The 2021 budget was anchored on an oil revenue projection of N1.01tn as of Jun 2021; however, FG’s share of actual H1 oil revenue stood at N538bn, indicating a 53% performance.

For non-oil revenue, the actual inflow stood at N778bn, slightly above the projection of N744bn.
A quick analysis of other revenue sources reveals that FG recorded ZERO revenue from stamp duties and (Domestic recoveries+Assets+Fines), despite the projections of N250bn and N16.34bn in each category, respectively.
Read 7 tweets
BudgIT Nigeria Profile picture
Oct 25, 2021
Last week, we engaged state and non-state actors of the Abuja Municipal Area Council (@AmacLg) in a 1-day capacity building workshop on how to leverage participatory budgeting for implementing OGP’s local action plans effectively.

This project was supported by @NEDemocracy
The workshop, which was aimed at strengthening @OpenAllianceNG in the OGP process, focused on 4 main areas including, how to reach the underserved communities through participatory budgeting and the role of legislators in participatory budgeting.
In his remark, @AdamuCandido noted that his administration is an all-inclusive govt which informed the council’s drive towards signing up for OGP in 2020, making it the only LG in Nigeria to be a member of OGP.
Read 4 tweets
BudgIT Nigeria Profile picture
Oct 25, 2021
We have combed the 2168-page 2022 budget document, & we found ZERO breakdown of the N198billion oil company payments to NDDC.

Our analysis also reveals critical issues of unrealistic revenue targets, soaring year-on-year debt burden and weak accountability structure.

THREAD!
The omission of NDDC’s entire capital budget allocation from the proposed 2022 budget and public scrutiny is a source of concern, especially given the scale of alleged corruption and diversion of public funds that has afflicted this federal agency since its inception.
NDDC receives an average of N198.7 billion per year from the operating budgets of oil companies (between 2016 and 2018) in addition to the annual Statutory Transfers it receives from the federal government (the latter which is projected to be N98.7bn in the 2022 budget).
Read 14 tweets
BudgIT Nigeria Profile picture
Sep 9, 2021
#10yearsofBudgIT: A day with the press

Yesterday, we had the pleasure of hosting @mrmacaronii at our press conference. Facilitating increased citizen-led engagements & advocacy is critical to our next phase, and we're glad he's giving his support for future collaborations.
In @seunonigbinde's words, BudgIT's vision started with the objective of making the budget available and accessible to the public. "It is really great to see that vision morph into something extraordinary",- he said
"Reaching over 17 million Nigerians and empowering over 150 CSOs in ten years is not a small feat. We have played a major role in defining the landscape of Nigeria's civic-tech space, and we are currently engraving our footprints within Africa's civic-tech space."#10yearsofBudgIT
Read 8 tweets

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