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    Ikenga Online
    Home » Peter Obi demands transparency on fuel subsidy from NNPCL
    National

    Peter Obi demands transparency on fuel subsidy from NNPCL

    EditorBy EditorSeptember 4, 2024No Comments2 Mins Read
    Mr Peter Obi

    Ike Nnachi, Abakaliki

    Presidential candidate of the Labour Party, LP, in the 2023 presidential election, Mr Peter Obi, has called for transparency with regards to the actual status of petrol subsidy payments.

    This is as he urged Nigerians to demand for transparency from the Nigerian National Petroleum Company Limited (NNPCL).

    He made the call same day the pump price of petrol was increased by both NNPC and other marketers across the country.

    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.

    He said: “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, characterised 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 comes 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.

    Editor
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