Nigeria's State-run Oil Firm NNPC Faces Financial Strain Over Costly Fuel Imports | Firstpost Africa

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Nigeria's State-run Oil Firm NNPC Faces Financial Strain Over Costly Fuel Imports | Firstpost Africa
Nigeria, one of the world's largest oil producers, is running out of fuel. Nigerians in major cities have been queuing up for hours at fuel stations amid the scarcity. In the latest, Nigeria's state-run oil company the Nigerian National Petroleum Company Limited (NNPC) has acknowledged that a financial strain has been hampering its supplies. Nigeria is an OPEC producer. It was reported as the largest oil producer in Africa in 2023. Despite this, the country imports most of its fuel needs. Watch this report to understand Nigeria's worsening fuel crisis.
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Опубликовано:

15 сен 2024

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Комментарии : 140

@numinuecooper9975 11 дней назад

That's what happens when a leader puts foreign interests before his own country. Nigerians deserved better. I love my families so much that it hurts to see Africans suffer when the continent is the riches on the planet. I hope they find a solution to serve the masses.

@rulesoflife7432 11 дней назад

They are selfish criminals

@Therealclips-ib8bm 11 дней назад

This woman doesn’t know what is actually happening. I’m starting to wonder if a country can sanction foreign medias for defamation. Because this is defamation. And I’m tired of it. (The reason why we have a fuel queue is because dangote would start rolling out fuel soon. So the oil marketers are waiting to see the change it would have on the landscape. Before they decide anything). That’s why the citizens are queuing. We really need to start taking such media to court. She just preaches anything she sees is negative, and puts it on Nigeria. Not because she cares, but South Africans don’t like Nigerians. (The woman is South African). And I didn’t even know this before now, how they started acting towards us. It’s like Jesus Christ. This is as an attitude they had never revealed before.

@deejaysoundbwoyjombo1212 10 дней назад

Absolutely 😢😢

@Therealclips-ib8bm 10 дней назад

@@numinuecooper9975 you don’t understand what’s happening. Independent marketers have refused to purchase oil for now, because everyone is waiting to see the change the dangote’s refinery would cause on price and various things. This woman on the video is just another South African looking to drag my country’s name through the mud.

@NatalieDormer-or4jj 9 дней назад

Everyone needs more than their salary to be financial stable. The best thing to do with your money is to invest it rightly, because money left for saving always end up used with no returns.

@haydencraig7149 9 дней назад

You are absolutely right ✅️

@haydencraig7149 9 дней назад

Am looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you think I should be buying?

@NatalieDormer-or4jj 9 дней назад

Cryptocurrency/stock investment, but you will need a professional guide on that.

@NatalieDormer-or4jj 9 дней назад

Facebook 👇

@NatalieDormer-or4jj 9 дней назад

Evelyn C. Sanders

@samg7123 11 дней назад

How does an oil producer run out of fuel. Best example of corrupt politicians. Vote for such this is what you get

@P-qi6qx 11 дней назад

The West are WIZARDS at destroying economies.

@jakeblack1677 11 дней назад

Giant banana republic of Africa

@AugustineAriola 11 дней назад

Tribalism has destroyed Nigeria. Yorubas are now in Power

@OmehGodwin-di2cl 11 дней назад

@@AugustineAriolaIt Just started, everybody go collect from that government WELA 😅😅

@P-qi6qx 11 дней назад

@@AugustineAriola low IQ as well. Our low IQ

@paakwegyir3165 9 дней назад

Your own citizen has set up a refinery in nigeria and you frustrate him and prevent him from refining local oil..

@kwasiasiedu4003 8 дней назад

i dint understand

@rotimikayode1072 6 дней назад

@@paakwegyir3165 Nobody frustrated Dangote. Dangote did not sign supply contracts with the oil companies and he is now blaming the President for his own fault. Dangote wanted the President to force the oil companies to break their contractual agreements with their existing customers in order to get him the feedstock he needed for his refinery. You and I know that that would land Nigeria in serious legal liabilities.

@sammathenge630 11 дней назад

Such mismanagement, it's like Macdonalds, running out of French fries 🍟.........so embarrassing for giant oil producer that can never seem to get it's act together, and it's citizens always been forced to flee everywhere.

@FutBrix1096 11 дней назад

The Giant of Anarchy 😂😂😂😂

@rotimikayode1072 6 дней назад

@@FutBrix1096 Bad belle. Nigeria is not having any fuel shortages. Dangote is about to start supplying the markets but they are not sure of the price Dangote will demand for his products. This is what has led to some fuel marketers holding back temporarily until the coast is clear. This is actually a fake news. What has been reported here is factually incorrect.

@FutBrix1096 6 дней назад

@@rotimikayode1072 The frequent collapsing buildings also fake news?? 🤔🤔

@rotimikayode1072 6 дней назад

@@FutBrix1096 Buildings don't collapse frequently in Nigeria. One or two collapsed buildings among millions of them is not frequent. Stop believing fake news being spread around about Nigeria.

@FutBrix1096 6 дней назад

@@rotimikayode1072 They showing stats.. And actual incidents.. So those buildings and sighted poor work mans ship.. TB joshua building falling etc.. Is fake news?

@rotimikayode1072 6 дней назад

@@FutBrix1096 Where is the stats you are talking about. You had better go find something worthwhile doing order than than obsessing over your personal hatred for a country.

@andrewmacc340 11 дней назад

How them continue electing these leaders every time is just puzzling,, a country with one of the largest deposits of oil,,, yow Africa rise up man🇯🇲

@EzekielRamadan 11 дней назад

Most of us did not elect him...

@AugustineAriola 11 дней назад

Nigerians rejected Igbo man and chooses inept Yoruba man. The problem of Nigeria is tribalism. Igbo man is well prepared to lead Nigeria out of its present woods but they rather choose another tribe than well articulated Igbo man.

@bgreatgraphixxgreat9559 11 дней назад

Is a system... No election... But selection from the head of the system in the four geographical region... If you can provide them with what they want (The cabal)... The ticket is yours... The mass don't have a say...

@EzekielRamadan 11 дней назад

@@AugustineAriola Your comment is a direct insult on all of us non Igbo people that voted for Peter Obi.

@NandomDabit-qi9ce 11 дней назад

@@AugustineAriola Chief tribalistic bigot

@GabrielMcO 6 дней назад

Corruption is the downfall of not only Nigeria but Africa as a whole

@aduduodudu7893 7 дней назад

You forgot to ask Ayotunde how much money that should go to innocent citizens is lost to corruption, politicians, and to madness.

@DrNjomuVictor 9 дней назад

Corruption is the basis of Nigeria fuel crisis

@SamSung-qh3km 10 дней назад

After all this, they say they give Ghana light...how can you give what you dont have..Confuss people...just quantity and noise...Giant of Population 😂

@otaineydouglas7622 11 дней назад

A old lady once say to me back wen i was younger son don't sell your breakfast to buy your dinner. Nigeria selling 🛢 then buy the same ⛽ Dandote refinery is the answer for this big Question fill in the blank . Nigerians 🇳🇬 are a educated people... let see their future 🔮 And also thefts need to stop 🛑 terrorists need to have a fix address good night bad boys say hello to the ancestors for us African.

@pedroferreirahipolito2836 8 дней назад

Madness flows in the vain of their leaders, export when your citizens don't have for consumption, little left is price markedup, price is supposed to be far cheaper wear a commodity is produced than outside where exported

@MalcumY 9 дней назад

Very Shameful 😢

@claudineallen5601 7 дней назад

Why does Nigeria have to import fluid when they have refinery? dont make sense

@husseinshuaibu3560 10 дней назад

Utterly disgusting situation.

@NnaemekaAmamasi 10 дней назад

What do you expect in a nation run by unbelievable comedians?

@klamatsi 11 дней назад

they dont want dangote in the oil game

@TrillionEddy 11 дней назад

Who else has notice that this SA Indian has never post any positive news of Nigeria

@mikeambrose5809 11 дней назад

There is nothing positive about Nigeria. Am Nigerian living in Nigeria.

@mungopark1876 11 дней назад

@@mikeambrose5809 Why will any true Nigerian be surprised about your negativity, you Igbos have always been an enemy of the country.

@SDZION 11 дней назад

TrrilogyEndy you don't have common sense is there anything positive in Nigeria? People like you are the reason why we Africans are suffering because you don't have Sense of centralization.

@ayodeledamilola3210 11 дней назад

clean your house first! and stop looking for compliments, when we haven't done the work like other sensible countries

@DachungMarkus-d7l 11 дней назад

Nothing positive about Nigeria

@Retiredcheater 11 дней назад

How did we get here?

@ManjiYilyok-iu5fe 8 дней назад

Ethnic and religious sentiment😢

@rotimikayode1072 11 дней назад

Nigeria is not running out of fuel. Nigeria is transitioning from fuel importation to local refining and supplies. The uncertainties surrounding the transition is what is causing the shortage. As we speak, the Dangote refinery has started production. Three other refineries will join in the supply of fuel before the end of the year and all these hues and cries will be a thing of the past.

@victoredwards3959 11 дней назад

There is no evidence to back up, what you are saying, and the government has not forward any information or evidence to explain to the public what is going on regarding the shortage of fuel. It appears that this shortage situation is purely driven by corruption, debt, and poor management of the NNPC.

@proandy4448 11 дней назад

And you think a corrupt government will allow this transitioning from fuel importation to local refining and supply??

@samg7123 11 дней назад

Common sense says first you produce and then stop import 😅. Why are you supporting the corrupt man. Open your eyes

@taiwoyusuf718 11 дней назад

Dey play, your eye go soon clear

@UviOrogun 11 дней назад

@@proandy4448 Already happened. Dangote's refinary is now in full service. Watch on RU-vid

@user-me3ug7xs2b 4 дня назад

Amos and Andy Show 😢

@user-dj1hh7sh2x 9 дней назад

Normal yearly occurrence.

@nnfefe9451 4 дня назад

Nigeria would never understand the concept of capitalism but tribalism and corruption. Allow private individuals to engage in the refinery business not the government. But because a certain ethnic group understand capitalism born running, they are prevented from doing so resulting in Nigeria withering on the vine. The irony of an oil producer not being able to produce its own fuel is the biggest laughable example a failure if someone was given the answers but still failed the exam. It fits to describe Nigeria with all the negative superlatives imaginable.

@oluwaseyisubair4426 11 дней назад

White and Nigeria, monitoring spirits. Africa is always been monitored and siphoned with all its minerals resources.

@seunsd 10 дней назад

Those stealing most of Nigeria's oil are members of the security agencies who are charged with the responsibility to protect the oil, not the victims they have intentionally made unemployed. Stop spreading a false narrative, go there and see it by yourself.