NNPCL Boss Bayo Ojulari Concedes NNPC Can't Run Refineries Profitably

Описание: After 20 years and ₦13 Trillion spent on "Turnaround Maintenance," the truth is finally out. NNPCL CEO Bayo Ojulari has officially conceded that the NNPC cannot run Nigeria’s refineries profitably. Is this the final surrender to private sector giants like Dangote?

On this episode of Business Week, BusinessDay's Editor Lolade Akinmurele sits down with BusinessDay's financial analyst Eniola Olatunji and Dipo Oladehinde (Head of Energy Desk) to dissect the massive implications of this admission. We break down the ₦13 trillion waste, the reopening of the Seme border, and the World Bank's recent cut to CBN grants. If you care about where your tax money goes, this is a must-watch.

Key Topics Covered:

Bayo Ojulari’s admission on NNPC refinery profitability.

The ₦13 Trillion "Drain Pipe": A 20-year history of failure.

Nigeria reopens the Seme border with Benin after 7 years.

The World Bank’s $6.8M grant cut to the CBN.

High Treasury Bill yields and the "Crowding Out" of the private sector.

Timestamps:

[00:44] - Nigeria reopens Seme border with Benin after 7 years.

[01:46] - World Bank cuts CBN grant to $6.8 million.

[02:27] - MAIN TOPIC: NNPCL CEO Bayo Ojulari admits refineries aren't profitable.

[04:45] - The ₦13 Trillion Waste: What that money could have fixed.

[10:00] - Discussion on NNPCL moving toward a private partnership model (NLNG style).

[17:14] - Treasury Bill Market: Why investors are flooding the market with trillions.

[23:36] - The "Crowding Out" Effect: Why high yields are hurting local manufacturers.

[33:36] - African Markets Roundup: Naira appreciation vs. Zambian Kwacha and Ghana Cedi.

#NNPC #Nigeria #Economy #DangoteRefinery #BayoOjulari #OilAndGas