{"id":100294,"date":"2022-10-14T12:54:28","date_gmt":"2022-10-14T11:54:28","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=100294"},"modified":"2022-10-14T12:54:28","modified_gmt":"2022-10-14T11:54:28","slug":"nnpcl-tackles-el-rufai-as-gov-says-fg-has-failed-woefully-in-oil-gas-business","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/nnpcl-tackles-el-rufai-as-gov-says-fg-has-failed-woefully-in-oil-gas-business\/","title":{"rendered":"NNPCL tackles el-Rufai as gov says FG has failed woefully in oil, gas business"},"content":{"rendered":"
THE\u00a0 Nigerian National Petroleum Company Limited, NNPCL, yesterday faulted Kaduna State Governor Nasir, El-Rufai\u2019s claim that the Federal Government has failed in the oil and gas business and should get out of the sector. It described his statement as confusing and contradictory.<\/p>\n

Governor Nasir El-Rufai of Kaduna State had spoken on Channels Television\u2019s Sunrise Daily, that whatever the government managed turned out bad.<\/p>\n

According to El Rufai \u201cnothing had changed with the commercialisation of the Nigerian National Petroleum Company in July 2022,\u201d adding that \u201cNNPC was Nigeria\u2019s biggest problem and should be privatised.\u201d<\/p>\n

El-Rufai maintained that though the Group Chief Executive Officer of NNPC Limited, Mele Kyari, was trying his best, the company had failed and had no business being in the sector.<\/p>\n

He cited the example of the Nigerian Telecommunications Limited, which achieved nothing until the private sector came in and revolutionalised the telecoms sector.<\/p>\n

\u201cI am giving this example so that when I say government should get out of oil and gas, people should not think it is crazy; it is not.<\/p>\n

\u201dThere is no reason the Nigerian government should still be in the oil and gas sector. It should just get out, it has failed. By every measure it has failed.<\/p>\n

\u201cThis year, NNPC has not brought N20,000 to the federation account. We are living on taxes. It is PPTs, royalties, income tax and VAT that is keeping this country going because NNPC claims that subsidy has taken all the oil revenues. I don\u2019t believe it,\u201d the governor said.<\/p>\n

He argued further that the Federal Government should get out of the power sector and privatise it for the country to overcome the hydra-headed and decades-long challenges of the sector.<\/p>\n

\u201cSo, the government should sell everything in oil and gas sector.\u00a0 The government should get out of everything that is left of electricity, leave it to the private sector, create the environment, the money will come. We did it in the telecoms sector,\u201d he said.<\/p>\n

On the commercialisation of the NNPC, he said:\u00a0 \u201cNothing has changed, it\u2019s just a change in name with limited at the end.<\/p>\n

\u201cNothing has changed, they are still taking our money, declaring profit that we don\u2019t see the dividends.\u201d<\/p>\n

El-Rufai\u2019s statements confusing, contradictory, says NNPCL<\/p>\n

The Group General Manager, Group Public Affairs Division, NNPCL, Mr. Garba Deen Muhammad, said the governor got his facts wrong.<\/p>\n

He explained that the governor\u2019s statements were contradictory and surprising because the facts were there for everyone to see.<\/p>\n

He said it was not true that NNPCL has not been remitting to FAAC, insisting that the revenue from PPT was from the oil industry.<\/p>\n

\u201cHe said NNPCL has not been making remittance to FAAC and yet in the same breath, he said it is income from PPT, royalty and income tax that is keeping this country.<\/p>\n

\u201cThe confusion is where do the PPT, royalty and income tax come from? The PPT is the petroleum profit tax, have you seen anybody pay profit tax without making profit? Or pay Royalty without production?<\/p>\n

\u201cThese things don\u2019t just fall from the sky. These payments are possible because somebody is working hard to make it possible\u201d, he added.<\/p>\n

<\/div>\n
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THE\u00a0 Nigerian National Petroleum Company Limited, NNPCL, yesterday faulted Kaduna State Governor Nasir, El-Rufai\u2019s claim that the Federal Government has failed in the oil and gas business and should get…<\/p>\n","protected":false},"author":1,"featured_media":98256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-100294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nNNPCL tackles el-Rufai as gov says FG has failed woefully in oil, gas business - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/nnpcl-tackles-el-rufai-as-gov-says-fg-has-failed-woefully-in-oil-gas-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NNPCL tackles el-Rufai as gov says FG has failed woefully in oil, gas business - 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