Nigerian Refineries Spent ₦127 Billion On Salaries, Employee Benefits In 2 Years

An analysis of the Nigeria National Petroleum Company’s audited financial statements shows that the Kaduna, Port Harcourt, and Warri refinery companies collectively expended N127.326 billion on salaries, wages, and employee benefits between 2020 and 2021.

The amount was allocated for salaries and wages in September 2020, despite the fact that all four of Nigeria’s refineries had been shut down, sparking questions about how such a significant wage bill was incurred when the refineries were non-operational

Furthermore, in June 2022, the NNPC Chief Executive Officer confirmed that none of Nigeria’s refineries were functioning, raising additional concerns about the justification for such high personnel costs.

Native Reporters