Data from the Nigerian National Petroleum Company Limited shows that the number of workers at Nigeria’s refineries fell by 218 within a year, while the facilities posted a cumulative comprehensive loss of N69.03bn during the review period.
This information was gotten from their financial statements, just released by the NNPC.
Note that NNPC manages Nigeria’s three refineries, which include: the Kaduna Refining and Petrochemical Company, Warri Refining and Petrochemical Company, and Port Harcourt Refining Company.
An analysis of the various financial statements of the three refineries indicated that while KRPC reduced its workforce by 105 workers, WRPC cut down its staff by 113, but there was no mention of staff reduction at PHRC.
The comprehensive loss at KRPC during the period under review was put at N22.89bn, WRPC was N19.63bn, while PHRC posted a loss of N26.51bn.
The National President of, the Petroleum Products Retail Outlets Owners Association, Billy Gillis-Harry, for instance, said PETROAN was ready to partner with the Federal Government in developing both modular refineries and large-scale ones.
He said, “The government must fix refineries, and many times we have made it open that we are ready to partner with the government in getting these assets running as fast as possible. This will help to stop petrol imports and cut down on subsidies.”
