deficits

NNPC reports $226m oil revenue drop in June

NNPC Refineries record deficits of ₦141b within 13 months

June 20, 2019 1:52 am

Refineries operated by the Nigeria National Petroleum Corporation (NNPC), recorded deficits running into N141billion within 13 months, between January 2018 and January 2019.Indeed, the sum is capable of addressing capital projects in critical sectors of the economy as captured in the 2019 Budget.

A breakdown showed that the losses are capable of funding projects worth N80.29billion, which are expected to drive the agriculture sector in order to address food insecurity and set the economic diversification drive of the current administration on track.

Without borrowing, the current losses would have taken care of practically all capital allocations for health, education, as

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