@NNPCgroup is the only company that I know that reward failure greatly!

They released an audit financial statements for 2018, noting that its refineries recorded losses of N154 billion and still spend N 23 billion yearly on wages and benefits!😪

{Thread]
#NNPCAuditReport The under-remittances, underpayments, inefficiencies, theft or absence of clear fiscal regime in @NNPC if not curbed will finish this country. WE NEED TO COMMERCIALISE NNPC NOW OR DIE SOON!
@NigeriaGov @nassnigeria @femigbaja @DrAhmadLawan
#NNPCAuditReport

The fundamental issues of the exorbitant amount we pay to buy PMS isn't being tackled! @NigeriaGov and @NNPCgroup are the only parties that can explain the type of deregulation we are practising in Nigeria.
{A Thread}
@PPPRAtweets @DPRNigeria
#DeregulateNigOil The federal government has continue to engage in "monopolistic deregulation" of the downstream sector. A monopolistic deregulation as a system where the deregulation mechanism and the field are reserved for only one or few selected players
#DeregulateNigOil

It's now a sad case of if @NNPCgroup doesn't kill Nigeria, Nigeria will kill NNPC. The wastage and corruption in NNPC is an eyesore, the saddest part is if the govt. fail to fund NNPC, it will collapse!
{A SAD Thread}
#NNPCAudit In 2011, an audit report by KPMG revealed the agency couldn’t account for about 28.5 Billion dollars over deducted funds in subsidy claims.
#NNPCAudit

It’s shameful that Nigeria has the largest reserves in Africa but was able to only receive 4% of the amount invested in the continent between 2015-2019.

#FixNigeriaPassPIB
@nassnigeria
Thread The delay of the PIB is costing the economy an approximated US$200billion annually according to NEITI, in addition to US$15billion lost due to decreased investments.
#FixNigeriaPassPIB

Worldwide, the average life expectancy rate is about 70 years, life expectancy in the Niger Delta is 41yrs. The oil spills in the Niger Delta have negative implications on local human health and has made malnutrition predominant...

Thread
#NigeriansDemandPIB
@nassnigeria ...as the region is only capable of producing small portions of food unaffected by oil spills.

The development of the Niger Delta is sacrosanct and having a solid piece of legislation is very important.

#NigeriansDemandPIB

Fot the past 20 years of trying to enact a reform in the oil sector, the Niger deltans have continued to suffer. Multinational companies are making huge profits while majority of the people live on less than $1 a day.

A Thread

Retweet!
@nassnigeria

#NASSRevisitPIB The economy in the Niger Delta is almost exclusively oil driven, and many people are involved, illegally, in oil extraction. The Niger Delta bear the burden of environmental degradation from the oil industry, but see very little of the benefit.
#NASSRevisitPIB