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El-Rufai Says “If You Don’t Kill NNPC it Will Kill Nigeria”

BellaNaija.com

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Nasir El-Rufai - July 2014 - BN News - BellaNaija.com 01

Kaduna State governor, Nasir El-Rufai has advised that Nigeria must get rid of Nigerian National Petroleum Corporation (NNPC), or stand the risk of the corporation destroying the country.

According to Premium Times, the governor made the statement on Monday at the 7th Wole Soyinka Centre Media Lecture Series in Abuja, where he was a guest speaker.

“If you don’t kill the NNPC, it will kill Nigeria,” he reportedly stated.

He further stated that “NNPC has become so entrenched in corruption that the only way out for Nigeria is not to attempt to salvage the corporation, but to destroy it and create a new oil company.”

El-Rufai also expressed hope that President Muhammadu Buhari would implement the proposal of getting rid of NNPC.

Here are some excerpts from his speech:

“About N971bn was budgeted for subsidy payments in 2014 alone (more than twice that was eventually paid). You all recall how trillions of naira were paid out as oil subsidy in 2011, when only N254bn was appropriated. No one has been successfully prosecuted for this scam. Huge deficits in gas supply have ensured that the country’s thermal plants cannot produce power at optimal levels…

The long and short of the situation of our oil industry is best exemplified by the parallel government called the NNPC. In 2012, it sold N2.77tn of ‘domestic’ crude oil but paid only N1.66tn to the Federation Account. In 2013, it earned N2.66tn but paid N1.56tn to FAAC; in 2014, (it earned) N2.64tn, but remitted N1.44tn; while between January and May 2015, it earned N733.36bn and remitted only N473.2bn.

That means that the NNPC only remitted about 58 per cent of the monies earned between 2012 and the first half of 2015. A company with the audacity to retain 42 per cent of a country’s money has become a veritable parallel republic.

The NNPC feels entitled to consume more resources than the 36 states, the FCT and the Federal Government combined. How could a country so dependent on oil revenues have been so lax about the proper governance, efficiency and security of its oil industry?

An efficient and productive oil sector, able to create jobs, spur industrialization and earn more revenues requires that we tackle the monster that the NNPC has become. We should replace the NNPC with brand new organizations that are fit for purpose – a commercialized and corporatized national oil company and new industry regulators…”

13 Comments

  1. Emy

    July 14, 2015 at 11:22 am

    Walahi this little man talks too much. Is he done chasing beggars from the streets of Kaduna? Corruption indeed! Who started it? El Rufai’s son got a job in CBN thru the regular connection, while job seekers have applied without hope. IDIOT!!!!!!!!

  2. or

    July 14, 2015 at 11:31 am

    All these cries of wolves is what i don’t get? Sum up the tribe that has dominated NNPC its been you and yours. Not just NNPC but its subsidiaries,DPR etc.

    Purge NNPC and lets have PIB -All these screaming is cos Deziani just left. Where was elrufai when Rilwan Lukumon was in NNPC?

    Talk about your 90 billion and the cars in the parking lot of your teenage children????

    Elrufai return all that you stole and stop the noise. Even tho NNPC need to be purged Elrufai is as guilty as NNPC.

  3. Reverse

    July 14, 2015 at 11:38 am

    Oga we are still waiting for your assets declaration form… also no word yet on your suit against those who exposed your loot! A thief who join the crowd searching for the thieves. The NNPC was created by the military to aid in their looting, now acting like it’s GEJS creation… you people didn’t know all along it was not accountable and had many loopholes? Get to work, enough of the public show of incredulity

  4. nene+

    July 14, 2015 at 12:43 pm

    When Elrufai can control his rude off springs then i will respect him!

    Nigeria hasnt degenerated to men who cant man their home teach us moral.

  5. NG

    July 14, 2015 at 1:02 pm

    I cant just waka pass any granstanding on corruption by this El-Rufai man. We lack systems that hold people accountable to their actions and theri words! Look at this man that employed youth corpers and was dashing them N1m a month and justified it when challenged. This was many years back o. A sitting Governor told us yesterday that his basic salary is N600k and El-Rufai paid NYSC members N1m years back!

    The same El-Rufai when asked on national TV why he was re-allocating seized land in Abuja to his family and cronies retorted with ” …….if it is you, you will allocate them to your enemies?” or words to that effect.

    Really a tragedy when everyone assumes the position of a hero. The truth mells in the mouth of a liar dear El-Rufai. Leave the task to others you are not qaulified to castigate people on corruption. No, not in Nigeria. Just quietly be governing your state as a local champion and dont sult our intelligence across state please. You may be ok for your people, but know that your mouth dey smell to manyothers. Shikena!

  6. Thatgidigirl

    July 14, 2015 at 1:05 pm

    whatever happened to honour amongst thieves? Oshiomole, now El rufai? Very soon alamieseyegha would come out to point fingers too.

    • La Jeffa

      July 14, 2015 at 2:31 pm

      LOL! Coming soon to a news outlet near you: DSP ACUSES NLNG OF STEALING NIGERIA’S DIVIDEND!
      That will be a great comedy.

  7. nnenne

    July 14, 2015 at 1:27 pm

    Can this oil dry already?
    It took you guys this long to realize that NNPC is useless.
    Go back in history. Who formed and directed NNPC the most?
    Hypocrisy!!

  8. Olatunde Soyinka

    July 14, 2015 at 2:42 pm

    This wasn’t so. Peoples do think that when someone manages to speaking the truth sometimes where truth itself is lost he/she is needn’t useful as though also him is a lier. He tries that everyone knows it that situations aren’t proper and not normal. But, Because of what had being nigerian problems since the past that that corruption is overtroubling her whilst sourcing incorrectness of governance.

    It’s not funny that nigerian becomes angryest because that anyone who had seen of worrying ranging experiences of this country will say hers those.

    And,being so outmanered, no any sound strategicals, it also maintains staticism of limitfulness.Indeed, nigeria was a devil garage or until now that how she also had unflawn hers future to seeing by public. It’s criticality ahead.

    Sincerely that… We have seen that no individual is readily active to act well about her preserverance which is at stake, Noone would regard answers to issues on ground yet because it has been overpowered by greater incomparativeness and unsortiveness.

    The situation that some percentage wants that things been unwell. So, in referece which that it could be so has demanded spontaneously degrading scale of situation. And, if nearly everyone looks toward the end path of all these without a necessitating ammendment gradually had nigeria felt wrath from her misconductness in ends.

    Another, nigerians suffer to is that neither could they have fought for theirs rights; nigerians sit on sits and think they could have theirs dignities summon onto them. It’s needful to be strong, but nigerians love it been weaken. Rather shout of corruptiveness every day and seek claiming that it’s a normal state and worth them because they had been dumped already.

    That is why nigerians were being cheated on regarding her resources she had got. Talkless that because some parts are the geographical landmarks to her the only economy proactiveness shouldn’t has purposed for overpampering its owned remorsefulness at shy and regrets. It’s sad.

    • amy

      July 15, 2015 at 2:16 pm

      Bia, what is this? See what the internet, rather BN, has caused me.

  9. mabel

    July 14, 2015 at 11:39 pm

    What’s this? I’ve got a headache and my eyes hurt.

  10. AAA baxashi

    July 16, 2015 at 5:04 pm

    corruption is d most obstacle dat Nigerians re still facing in d nation. sir, I want remind u somethings which is an extremely crucial dat corruption ix not only locates there in d NNPC but its almost every where in our great country. Advisably, let every governor kick off fightin it nd d rest of phenomina dat re too numerous to account from d firl level to above

  11. Amedu Endurance

    July 29, 2015 at 1:59 pm

    Nasir El_Rufai, I think it is corruption in Nigeria that should be killed nd not NNPC, becos if corruption is not killed in Nigeria, then corruption will kill Nigeria

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