The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, revealed this on Channels Television’s Politics Today programme on Wednesday.

Responding to a question, the NNPC boss said,

“First, all the four refineries in three locations are shut down and it was a deliberate decision for two reasons. One is that delivery of crude oil to these refineries is completely challenged because the pipeline network has been completely compromised by vandals and all kinds of people that will not allow us to operate these pipelines.

“That means you are not able to deliver crude oil to these refineries effectively to their maximum capacity. Secondly, what you call rehabilitation is different from the turn around maintenance. Turnaround is routine which every refinery does but when you talk about rehabilitation, it is that colossal loss of capacity in the refinery and it means you haven’t done the turnaround maintenance properly.

“Typically, every refinery is expected to operate at 90 per cent of its installed capacity. With the best of effort, with all the turnaround maintenance that has taken place, it is impossible to run any of the refineries before the shutdown at that level. Our estimate was to run it at 60 per cent of capacity but if you do that, all you are doing is value destruction. You will take $100 crude into the refinery and bring out $70 product. It doesn’t make sense.”

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  No one is born into this world to be poor, but poverty has caught up with many because they made some decisions with money.

  Growing up wasn't very cool for me, in fact, things were so difficult that I started thinking about money at a young age.

  I knew that I had to try harder to gain knowledge and to spend money wisely.

  If you are in the middle of a financial disaster and can only pray for money to come miraculously, then you get it all wrong.

  There's a popular saying that;

  Heaven helps those who help themselves.

  With this very little money that you are now making, you can always make it bigger if you are open enough to think through the contents of this article.

  The truth is, you can't always do the same thing to make N50,000 a month in hopes that one day you will make 1 million a month.

  Here are 3 things to do with the small money you are making now if you want to be rich with life

  1. Invest in knowledge about things you don't know

  In Nigeria today it is not that difficult to earn N1,000 a day.

  It's harder to earn 10,000N a day.

  And of course it is very difficult to make 100,000N a day.

  Each of these income levels shown above requires a certain amount of knowledge.  It now depends on what you can do.  Not your graduation.

  For example, here on the Naijaloaded team, a lot of people are hired based on what they can and the raise is based on how much you've improved your performance for the brand.

  Believe me, every new skill you acquire increases your chances of making more money.

  There are many things that you don't know and there are far more things that you don't even know that you don't know.

  Rich people get rich because they invest their money in acquiring more knowledge by reading books and watching instructional videos about what they need to know.

  If you have to pay to learn a skill that will make you money, don't hesitate to do it.

  

  2. Invest money or make the little money you make for yourself

  At this age and this time, if you still allow your money to be lying around in banks doing nothing, then you are missing a whole lot.

  Saving money without a mission to raise money is rubbish.  The 20,000 you have in the bank in less than 2 days today could become 19,500.  Brothers!!  You lose money.

  A wise man once said:

  Knowing how to work for money is good, but knowing how to make money work for you is best.

  There are plenty of investment platforms out there and your money will work for you.

  People pay money daily from cryptocurrency or bitcoin, currency trading, real estate and many others.

 

  It is high time to familiarize yourself with these investment platforms so that when you are working for money, your money will work for you.

  

  3. Stop spending unnecessarily and only buy what you need

  There are many things that you can buy that make you look good, but in the real sense these things are liabilities.

  It's good to dump Android and join the expensive iPhone 11 gang, ride the latest cars to look like a big boy, but when you've bought all of those expensive things with the money you've sweated and worked hard for  worked, it means that you have applied no sense.

  Rich people buy luxury with the money they made with the money that worked for them.

  Every 1 naira you make is a seed only if you know how to use it to get benefits rather than splashing it on things that are not necessary.

  Here is a story from my Yeye friend

  I have a friend who raised N300,000 in subscription money when Bitcoin was around $ 4,500.

  Instead of taking my advice to invest the money in cryptocurrency, he used the money to buy the iPhone N250k.

  Now BTC is $ 11,600 +.  Do you know that he would have paid twice the money now?

  Unfortunately his phone was stolen yesterday and Baba was crying crying a river

  He could have bought the iPhone now with BTC cash profits and still invested further.

  The most sensible way to spend money right now is to buy things that will make your money grow.

  

  Finally

  No matter how small or large you earn now, it is better to reinvest as much as you can.

  This is because reinvesting the money you work hard on is like planting a money tree that grows the more you water it.

  To escape poverty, WORK, EARN, INVEST & RE-INVEST until you are financially free.

  Guys do you agree with these points?

  

  What other things can someone with little money do to get rich?

  Leave your comments