Nigeria: Fuel Subsidy - Nigerians Must Demand Transparency From NNPCL, Says Peter Obi

3 September 2024
Vanguard (Lagos)

Presidential candidate of the Labour Party, LP, in the 2023 presidential election, Mr Peter Obi, has called on Nigerians to demand transparency from the Nigerian National Petroleum Company Limited (NNPCL) regarding the actual status of petrol subsidy payments.

In a statement on Tuesday, Obi voiced concerns about conflicting reports on subsidy payments, stating that they have left Nigerians unclear about the company's operations.

"Nigerians must stop at nothing in demanding for transparency in the operations of government, especially critical agencies like the state-owned NNPCL whose activities appear to be shrouded in secrecy," he wrote on X.

"The conflicting reports on subsidy payments have left Nigerians in the dark, unsure of what is happening in this all important company. It is very curious that the Nigerian National Petroleum Company Limited (NNPCL) which declared a N3 trillion profit in 2023, is coming up with a bizarre claim of "financial constraints" in supplying fuel."

Obi attributed the ongoing fuel scarcity crisis, marked by persistent queues and significant hardship, to the government's incompetence.

"The fuel scarcity crisis, characterized by endless queues, and untold hardship, is a direct result of the government's ineptitude. The $20 billion Dangote Refinery and other Modular Refineries' struggles to secure crude oil supply and NNPCL's search for outside operators for its refineries are further proof of this administration's gross incompetence.

"We demand a better level of transparency in NNPCL's operations, financial dealings, and plans for the future.

"The Petroleum Industry Act mandates an open and transparent NNPCL, we should not stand idly by while this government violates our laws. We demand that this administration come clean on these issues and take responsibility for the mess it has created.

He called on the administration to be transparent about the issues and to take responsibility for the chaos it has caused.

"We should not rest until we uncover the truth and hold those responsible accountable. The Nigerian people deserve better," he said.

Read the original article on Vanguard.

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