Presidential candidate of the Labour Party, LP, in the 2023 presidential election, Peter Obi, has asked Nigerians to demand transparency from the Nigerian National Petroleum Company Limited (NNPCL) regarding the actual status of petrol subsidy payments.
In a statement on X on Tuesday, Obi lamented the conflicting reports on subsidy payments, saying it left Nigerians in the dark about the company’s operations, which he said was against the Petroleum Industry Act.
He wrote, “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.
“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 created.
“We should not rest until we uncover the truth and hold those responsible accountable. The Nigerian people deserve better,” he said.
On the ongoing fuel scarcity crisis, Obi attributed it to the incompetence of the President Bola Tinubu government.
“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.”
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