The Ijaw Youth Council (IYC) has called on President Bola Ahmed Tinubu not to allow the Nigerian National Petroleum Company Limited (NNPCL) to borrow $3
“The company is now called NNPC E&P Limited. They can lie to us by telling us that they also have a component or a subsidiary of NNPC that produce oil called the NAPPIMS. NAPPIMS, which is based in Lagos can only produce not more than 50,000 barrels of oil per day.
“You and I know that oil activities, or anything oil is happening in the Niger Delta. Now, they have brought down the 2.5 million target to 1.4 million of oil. So, Nigeria now produces 1.4million barrels of oil per day. “Now, NNPC is going to pay back that money, knowing that the 4 million barrels that Nigeria produces is not solely from the NNPCL. It includes those from Shell and other IOCs as well as local companies.
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