Nigeria’s refineries lose 218 workers, post N69bn loss

The number of workers at Nigeria’s refineries fell by 218 within a year, while the facilities posted a cumulative comprehensive loss of N69.03bn during the review period, data from their financial statements, just released by the Nigerian National Petroleum Company Limited, showed.

NNPC manages Nigeria’s three refineries, which include: the Kaduna Refining and Petrochemical Company, Warri Refining and Petrochemical Company, and Port Harcourt Refining Company.

An analysis of the various financial statements of the three refineries indicated that while KRPC reduced its workforce by 105 workers, WRPC cut down its staff by 113, but there was no mention of staff reduction at PHRC.

The comprehensive loss at KRPC during the period under review was put at N22.89bn, WRPC was N19.63bn, while PHRC posted a loss of N26.51bn.


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