Nigeria's refineries are losing 218 workers, following a loss of 69.03 billion naira. These figures were released by the Nigerian National Petroleum Company Limited.

The number of workers in Nigeria's refineries fell by 218 in one year, while the facilities recorded an overall cumulative loss of 69.03 billion naira during the year considered period. The NNPC manages the three refineries in Nigeria, which include: the Kaduna Refining and Petrochemical Company, the Warri Refining and Petrochemical Company, and the 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 reduced its workforce by 113, but there were none mention of staff reduction at PHRC. KRPC's overall loss during the period under review was estimated at N22.89 billion, WRPC at N19.63 billion, while PHRC recorded a loss of N26.51 billion.

Regarding staff, the company said that the workforce at the Kaduna Refinery increased from 630 in the first quarter of 2021 to 525 in the fourth quarter, thus restar& Feel a reduction of 105 workers. The report showed that KRPC's workforce at the end of the first, second, third, and fourth quarters of 2021 was 630, 580, 551, and 525, respectively.

With respect to operational performance, the company said that in 2021, no crude oil was received or processed at KRPC due to PR& acute; preparations for the upcoming rehabilitation of the refinery. For KRPC's financial performance, the report states that “the company recorded a pre-tax operating loss of N36.66 billion, representing an increase of 29.83% compared to 28.23 billion nairas in 2020.