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NNPC: We spent N49.69bn on pipeline repairs in 10 months
February 01
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This was contained in NNPC’s financial and operation report for October 2020.
According to the report, a total of 506 vandalised points were recorded within a year; October 2019 and October 2020.
The breakdown of the total amount spent within 10 months by NNPC to repair and manage pipelines are as follows: N5.48 billion in January; N6.74 billion in February; N7.70 billion in March; N7.84 billion in April; N7.99 billion in May.
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In June, a total cost of N6.24 billion was incurred: N1.80 billion in July; N1.50 billion in August; and N4.41 billion in October.
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’Femi Asu
With the challenge of pipeline vandalism lingering in the country, the Nigerian National Petroleum Corporation spent almost N50bn to repair and manage pipelines in 10 months.
The NNPC’s latest monthly report showed that a total of 363 vandalised points were recorded from January to October 2020.
The corporation spent N5.48bn on pipeline repairs and management cost in January; N6.74bn in February; N7.69bn in March; N7.84bn in April; N7.99bn in May and N6.24bn in June.
It spent N1.80bn in July; N1.49bn in August; and N4.41bn in October. No repairs and management cost was incurred in September, the report showed.