Politics

Obi demands transparency in NNPCL operations

Published

4 months ago

September 3, 2024

Sunday Odibashi

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Peter Obi demands transparency in NNPCL operations.

The presidential candidate of the Labour Party (LP) in the 2023 general elections, Peter Obi, on Tuesday, expressed that “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.”

Obi further expressed concerns over conflicting reports on subsidy payment, N3 trillion profit declaration by the NNPCL for the year 2023, and the emergent financial constraints claimed by the company.

Obi in a statement declared @PeterObi “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.

“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.

“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 ts 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.

“We should not rest until we uncover the truth and hold those responsible accountable. The Nigerian people deserve better. -PO”