by When Angels Descend, They Shall Build Us A Country…
Amongst all the 13 member States of the, Organization of Petroleum Exporting Countries OPEC, Nigeria remains the only member that imports more than 90 to 95 percent of refined petroleum products to meet its domestic consumption. No other OPEC member, including other African members like Gabon and war torn Libya, are in the same mess.
But workers at the three government-owned refineries were paid a total of N127bn in year 2021 and 2022 in salaries and wages, even as the plants generated zero revenue as they did not process a single barrel of crude oil.
The plants, which are located in Port Harcourt, Kaduna and Warri, have a combined installed capacity of 445,000 barrels per day but have been in a state of disrepair for many years. Yet, they talk very little about how to fix the refineries. Even when they budget money for turn around maintenance, they still share it amongst themselves without retribution.
The national oil company NNPC, in its monthly presentation to the Federation Account Allocation Committee (FAAC) meeting on Wednesday, January 17, 2023, said they made zero contribution to the federation revenue account in the month under review. But the audited accounts of the company shows that they spent N788.7 billion in 2021 and N648.6bn the previous year on salaries, entertainment and other costs.
And for so long as our refineries remain comatose and we continue to import petrol, nurse no hope that the pump price of fuel will ever come down. As the Dollar exchange rate continues to escalate, so shall the cost of petrol continue to rise and I predict N1000 per liter before year end.
And as the cost of petrol continues to rise to the relish of the intrepid exploiters, rents, food prices, school fees, medicals, clothing, transport cost and all others will also sky rocket. So learn how to manage your finances.
Nothing is about to change. Those who run our country have no interest whatsoever in building this country. If any one of them say they do, then they have lied to you. This set of politicians cannot even maintain the infrastructure that the military that we vilify so much, managed to build, not to talk of building new ones. They can’t even build their party headquarters in decades. Their interest is not nation building. They are rogues. Very mean rogues without any iota of goodness.
So manage your meagre finances with frugality. Nothing is about to change. Since Nigerians have decided to only pray instead of fighting those who are making their lives miserable everyday, let us all keep praying for that elusive country that angels will come and build for us someday.
Yours sincerely,
Citizen Agba Jalingo.
