Nigerians spent N2.33tn on petrol in 13 months – NNPC - Punch Newspapers

The Nigerian National Petroleum Corporation on Monday said that the total revenue generated from the sale of petroleum products for the period of May 2020 to May 2021 stood at N2.35tn.

A statement by the Group General Manager, Group Public Affairs Division of the Corporation, Garba-Deen Muhammad, said the figures were contained in the May 2021 edition of the NNPC Monthly Financial and Operations Report. It read in part, “Total revenues generated from the sale of petroleum products for the period of May 2020 to May 2021 stood at N2.345tn where Premium Motor Spirit contributed about 99.61 per cent of the total sales with a value of N2.336tn.

That's N5.9b daily, N2.5b of the consumption are unnecessary expenditures if power supply were regular. In addition, the public treasury subsidises the power sector with N2b daily. It's unsustainable & a need for an urgent policy shift to save the economy exploring other ideas.

That’s N5.9b daily, but N2.5b of the consumption are unnecessary expenditures if power supply were regular. In addition, the public treasury subsidises the power sector, still no light, with N2b daily. It is unsustainable & time for policy change to save the economy from collapse

Ifb

So did 🇬🇧 🇺🇸 🇩🇪 etc where petroleum products are not free, they cost money. Unless you have enough electric alternatives, STOP complaining!

Please sell this country 🙏 Nigeria is working only for the unpatriotic corrupt politicians and their cronies.

Those are not just afraid to call figure at all

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Capital Express Assurance pays N2.97bn claims - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »

N58 billion loss; Fire at INEC; N2.2b failed payments | Daily TrustThe Federal Government has lost over N58 billion over failure to engage service boat operations monitoring agents in four ports locations over the last one year. The Federal Government has lost over N58 billion over failure to engage service boat operations monitoring agents in four ports locations over the last one year.
Source: Daily Trust - 🏆 13. / 51 Read more »

Capital Express Assurance pays N2.97bn claims - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »

BREAKING: Buhari approves incorporation of NNPC, appoints board members - Punch NewspapersThe most widely read newspaper in Nigeria style_finisher follow me for instant and QUICK follow back. i mean ASAP❤️❤️❤️ Northern Nigeria Petroleum Corporation Fulani herdsmen as board members. Arise O compatriots !!!!!!!
Source: MobilePunch - 🏆 8. / 63 Read more »

Buhari orders NNPC Ltd’s incorporation, names Ararume board chair - Punch NewspapersThe most widely read newspaper in Nigeria You guys still use Twitter upon the ban! Baba Buhari can appoint a Rat as board Chairman to protect dry fish but he is also ever ready to kill the rat if he eats the fish unauthorized. Just be above curruption then u win Baba heart.😂😂😂😂😂😂😂😂Not business at usual oooooo no disgrace us ooo Buhari always pick the south for ceremonial positions meanwhile the decision making positions remains in the hands of his Fulani. Kyari and another Fulani as chief executive officers. Buhari has taught this country how to be tribalistic and nepotistic. It is legendary.
Source: MobilePunch - 🏆 8. / 63 Read more »

Kogi oil-producing status: Enugu’s exclusion from 13% derivation injustice, say Ohanaeze, state - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »