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The report said: “The maximum amount that can be borrowed (domestic and external) by the Federal Government of Nigeria in 2017, without violating the country-specific threshold, will be 22.08 billion dollars (i.e. 5.89 per cent of 374.95 billion dollars)666666666666698hy

The Congress is surprised that the management of an organisation as important as the NNPC regularly contradicts itself, with members thereof speaking from both sides of the mouth. Earlier, the offices of the Minister of State for Petroleum and Group Managing Director of the Corporation had said the current price is not sustainable, but assured that there is nothing to worry about. This recent comment by Kyari however corroborates the public’s suspicion that they are already nursing the idea even at a time when Nigerians have been stretched beyond acceptable limits. The consequent revolution will not spare those behind this touted increment if they ever try introducing it

Furthermore, the various cost optimization strategies and other operational overhauls, which were embarked upon by the new Management of the Bank, saw operating expense plummet by 14 per cent or N3.1 billion to N19.6 billion against N22.8 billion recorded in Q3/2015